Deshe Analytics, a Tel Aviv, Israel-based Fintech company that developed sophisticated AI-driven algorithms that analyze public companies around the world, announced that it raised $6.5 million in seed funding.
The round was led by Group 11, with participation from Psagot Investment House and the founders of WIX.com, Avishai Abrahami, and Nir Zohar.
The funds raised will be used to further develop Deshe's suite of products.
Company: Deshe Labs LTD.
Raised: $6.5
Round: Seed Round
Funding Month: July 2022
Lead Investors: Group 11
Additional Investors: Psagot Investment House, the founders of WIX.com, Avishai Abrahami and Nir Zohar
Company Website: https://www.desheanalytics.com/
Software Category: Financial
About the Company: Founded in 2019 by Gaby Diamant, brothers Dor and Or Eligula, and Mor Hazan, Deshe Analytics is a financial technology company developing an AI-based equity research-as-a-service and insight platform. Deshe's AI and machine-learning-based research and insight infrastructure helps financial institutions successfully navigate and add value to clients with visibility and expertise within global stock markets, in multiple languages. Deshe's SaaS products and tools are trusted by financial institutions for research-as-a-service. To date, Deshe delivers high-quality and easy-to-read equity reports for over 44,000 stocks in 134 exchanges.
Source: https://www.prnewswire.com/news-releases/capital-markets-startup-deshe-analytics-raises-6-5mm-round-led-by-group-11--301580772.html