Opensee, a Paris, France-based platform allowing business users at financial institutions to analyze the most granular data in real-time, raised €11 million in a Series A funding.
The round was led by Omnes Capital, with the participation of Laurion Capital and Societe Generale Ventures.
This funding will support Opensee’s innovative product roadmap, the development of advanced AI analytics to support automated data quality controls and certification as well as multiple turnkey solutions delivered as a fully managed Cloud SaaS.
Opensee will also add to its 70+ team of experts in data and financial markets while expanding its international footprint in North America and Southeast Asia to drive sales and implement a follow-the-sun support network for its clients.
Stephane Rio, Founder and CEO of Opensee, said: “Our goal is to enable more financial institutions to leverage the valuable business and risk intelligence hidden within their data. We are making our platform and solutions more widely available through our new fully managed cloud SaaS offering. This funding round has brought us a complementary group of international investors who shares our vision and whose support will be invaluable in the next stage in our growth journey.”
Opensee addresses the data stack challenge facing financial institutions through a single, scalable platform able to absorb the exponential growth in collected data and make 100% of the data accessible in real-time, to the most granular level, and with no limit on the size of the data set.
The platform allows business users to manipulate data for simple or complex calculations with embedded analytics for a wide range of use cases, ranging from risk management and regulatory reporting to trading decisions and ESG analysis.
Company: OPENSEE SAS
Raised: €11.0M
Round: Series A
Funding Month: December 2022
Lead Investors: Omnes Capital
Additional Investors: Laurion Capital and Societe Generale Ventures
Company Website: https://opensee.io/
Software Category: Data Analytics Solution for Financial Institutions
About the Company: Opensee is an award-winning fintech company that provides financial institutions with real-time big data analytics solutions. It offers a platform that provides risk managers and front office users with a single solution for enhanced data analysis, empowering them to explore real-time, unlimited amounts of data down to the most granular level. Opensee enables institutions to lower their infrastructure costs, gain a competitive advantage, and unlock vital business-user-led opportunities. Its mission is to empower business users to autonomously exploit data at unprecedented scale and granularity as well as tackle critical, large data-intensive use cases. Opensee democratizes multidimensional data analytics for financial institutions, allowing them to leverage 100% of the risk, liquidity, trading, market, and ESG data in their core banking functions. Headquartered in Paris, with offices in London, New York, and Singapore, with a trusted client base across global Tier 1 banks, asset managers, hedge funds, and trading platforms.
Source: https://opensee.io/news/opensee-raises-eur11-million-in-series-a-to-democratise-real-time-data-analytics-for-financial-institutions/