NYFW
Got a passion for fashion (vests)
This one might be the longest newsletter yet so I’ve included a bonus meme at the bottom.
Since last post we’ve seen 7 acquisitions, 1 new product, 10 funding rounds, 17 people moves & promotions, 2 new companies, 2 articles, 8 roles, 1 newly added event, and 2 memes (Themes: NYFW x Vest Collab, US Open).
M&A
BNY acquired Archer (managed account solutions for asset and wealth management).
Green Street acquired IJGlobal (infrastructure and project finance data).
Moody's acquired Praedicat (insurance analytics and risk modeling).
Quest Mindshare acquired Coleman Insights (media research).
Salesforce acquired Own Company (data protection and management) for $1.9B.
Smartkarma acquired Helixtap (commodities data).
*Deals are announced but may not be closed.
My friends at Nomad Data recently launched Transcript Chat, an AI-powered tool that allows anyone to analyze thousands of transcripts with unprecedented speed. Whether you’re in finance, consulting, corporate strategy, or research, Transcript Chat helps you uncover hidden trends, patterns, and insights from earnings calls, AGMs, investor days, M&A announcements, and more, processing up to 10,000 transcripts per minute. Transform raw transcript data into actionable intelligence across industries in seconds.
With Transcript Chat, users can quickly answer questions like: What are the top recurring themes mentioned when talking about the economy? Which companies are firing and how many people did they mention letting go? What did companies say about the strength of small business spending? What did every PC manufacturer say about memory chip availability by quarter?
Features
Mine information across tens of thousands of transcripts in minutes.
Customize your AI agent to extract exactly what you’re looking for across all transcripts.
All the transcripts are preloaded and updated in real-time.
Benefits
Transcript Chat delivers insights as though you read through thousands of transcripts yourself.
Unlike ChatGPT, Transcript Chat reads every line of every document, not just a few snippets.
Unlike keyword-based tools, Transcript Chat uses AI to understand the context and nuances of the text, ensuring it captures relevant information even when it's phrased differently.
Interested in trying Transcript Chat? Reach out to Nomad Data.
Fundraising
3Forge (enterprise application platform for financial services) received an investment from Morgan Stanley.
Capsa (AI for private equity) raised £1.7M in a Seed round led by Outward VC.
Cognitive Credit (credit data & analytics) raised $10M in a Series B led by ETFS Capital.
Demex (climate risk analytics) raised $10.3M in a Series A led by Congruent Ventures.
Monda (data monetization platform) raised $5M in a Seed round led by Senovo and Acrobator Ventures.
Paradigm (AI agents for spreadsheet task automation) raised $2M in a Seed round.
Revefi (AI data engineer) raised $20M in a Series A led by Icon Ventures.
Sedric AI (compliance solutions for financial institutions) raised $18.5M in a Series A led by Foundation Capital.
Segmed (real world imaging data) raised $10.4M in a Series A led by iGan Partners and Advocate Health.
Versana (syndicated loan market data platform) raised $26M in a round.
People Move Callout
I want to give a special congratulations to Ben Eisenberg on taking the reins as CEO of People Data Labs. Ben started with the company as an intern and was most recently VP of Innovation. Ben is a good friend, phenomenal data meme-maker, and throws a great quarterly data happy hour where I’ve been fortunate to meet many other data folks and investors who I’ve developed meaningful relationships with. More info can be found in the company update here.
People Moves, Promotions, and Appointments
Powered in partnership with Live Data Technologies. Who else is changing jobs? Get the latest data for the companies that matter most to you for free: http://www.livedatatechnologies.com/trial
Phil Ahad joined PureSpectrum as Chief Innovation Officer.
Ross Bailey joined Economist Intelligence as Global Head of Data & Content.
Ben Battye joined Qube Research & Technologies as Quantitative Research Director.
Lisa Campbell joined the Board of Directors of Similarweb.
Andrew Casey was promoted to Global Head of M&A at Experian.
Jamie Crank was promoted to Group Executive, Technology & Data at ASX.
Barak Eilam joined the Board of Directors of Similarweb.
Ben Eisenberg was promoted to CEO at People Data Labs.
Constance Hunter joined Economist Intelligence as Chief Economist.
Ronit Koren joined Amplify Data as Head of Marketing.
Robert Lord joined Vizient as SVP, Data and Digital New Ventures.
Naveed Malik joined Abu Dhabi Investment Authority (ADIA) as Global Head, Quantitative Research and Development.
Venu Palaparthi joined DriveWealth as COO.
Rajeev Pattni joined MediaRadar as SVP, Publisher Sales.
Matthew Reed joined Powerlytics as Chief Revenue Officer.
Dawson Smith joined Worldpay as VP, Data Commercialization.
Soma Somasegar joined the Board of Directors of UiPath.
New Company Alerts
String automates the process of extracting data from the web. Collecting web data at scale is challenging due to frequent website updates, sophisticated bot detection, and complex compliance requirements.
String handles all of these challenges to enable customers to build collections in minutes. Users simply need to enter the website and data schema - String’s AI agents will then clarify the extraction logic and delivery format to start delivering data on a consistent schedule.
The company was founded by Rohit Shenoy (prior Bain) and Logan Harless (prior C3 AI, Credera). I’m personally very excited about this launch, having gotten to know Rohit well over the past year while String was in stealth. Check out their website and reply to this email if you’d like an intro.
Monda is a spin-out from Berlin-based Datarade. The company provides an all-in-one data monetization platform, already used by over 150 DaaS companies. Key features include integrations with cloud data platforms, data marketplaces, CRMs, and dedicated data storefronts.
The company announced it raised $5M in a Seed round led by Senovo and Acrobator Ventures, with participation from Techstars.
Monda was founded by Thani Shamsi (former Zeotap) and Richard Hoffmann (former ARGO Trade Solutions and Audibene). I’m also excited about this one, having visited the team in Berlin where we had beers at one of the coolest bars I’ve ever been to, and seeing Monda and Datarade partner with a few other companies I advise in the ecosystem. Check out their website and reply to this email if you’d like an intro.
What I’m Reading
Alex Boden’s Analysis of 8 Data & Analytics M&A and Fundraising Deals, 1 IPO and a Spin-Off - Sept 2-5, 2024. Alex’s newsletter is a must-follow and very complementary to It’s Pronounced Data. He has a great perspective on the space and provides thoughts and deeper insights into deals in the space.
DaaS needs to focus on product and differentiation, not plumbing featuring Bobsled (I’m an Advisor) in World of DaaS.
Who’s Hiring
Aristocrat is hiring a Director, ESG Data Management ($160K - $297K).
Dotdash Meredith is hiring a Manager, Data Strategy & Privacy ($130K - $150K).
Moderna is hiring a Executive Director, Development Systems & Data Strategy.
O’Reilly Auto Parts is hiring a Data Strategy Manager.
RBC is hiring a Associate Director, US Data Strategy ($110K - $190K).
Tower Research Capital is hiring a Associate, Data Acquisition ($100K - $150K).
Unilever is hiring a Manager, First Party Data Strategy ($98K - $147K).
Voloridge Investment Management is hiring a Health Research Data Acquisition Specialist.
*salaries only listed where provided by the company. See links for specific salary details.
Data Ideas
As we continue to build our data community, It’s Pronounced Data would like to help founders or soon-to-be founders of data businesses get their ideas off the ground. Submit your data business idea here and we will share with a curated group of data industry veterans to provide feedback and leverage our network of investors, advisors, operators, and data professionals.
Upcoming Events
*new events added since last newsletter
Revision: Boston Fintech Week is now October 14-18. Updated below.
Cornell Financial Engineering - Future of Finance & AI Conference, September 13, NYC
FISD World Financial Information Conference, September 15-18, Austin
Applied AI strategies for private markets: Boston happy hour, September 18, Boston.
Big Data LDN, September 18-19, London
Neudata San Francisco Data Summit, September 26, San Francisco
Bits & Pretzels Investor Summit, September 29 - October 1, Munich
Open Source Data Summit, October 2, Virtual
Eagle Alpha Data Week, October 7-11, NYC
Eagle Alpha UNBOUND Alternative Data Conference, October 9, NYC
Web Data Extract Summit, October 9-10, Austin
*Boston Fintech Week, October 14-18, Boston
Insight Innovation Exchange (IIEX) AI, October 15-16, Virtual
BattleFin Corporate Discovery Day, October 15-16, Chicago
StockTwits Stocktoberfest, October 20-22, Coronado, CA
Battle of the Quants, October 23, London
Neudata Paris Data Day for Investors, October 30, Paris
Views here are the author’s own and not of any employers or companies. The author may be compensated for pieces in this newsletter.