Mosaic Smart Data, which offers real-time data analytics for FICC, has completed a $9 million investment round co-led by CommerzVentures and Octopus Ventures and including JP Morgan – an existing investor and client.
Mosaic’s technology cleanses, normalises and enriches raw data, providing a consolidated real-time view and analysis across the flows of market activity. The firm’s suite of machine learning models identify and alert the user to opportunities and threats, generating actionable insights specific to user job functions from sales and trading to management and compliance.
Heiko Schwender, principal at CommerzVentures, says: “Data analytics is becoming an integral part of every industry and the capital markets are no different. We will soon be at a position where it is a prerequisite for performance in the markets. This presents a huge opportunity for Mosaic Smart Data, which has built a platform which sets the gold standard for capital markets analytics. We are thrilled to be part of Mosaic Smart Data’s journey.”
Warren Rabin, co-head of global macro sales and marketing at JP Morgan, comments: “Today’s financial markets are awash in data at a scale never seen before, but what really drives performance is being able to extract truly actionable insights from that data in real-time. Tools like this that quickly make sense of vast data sets are changing the way our teams respond and operate and are going to become a differentiating factor for banks as they look to add value in their client discussions.”
Zihao Xu, an early stage investor at Octopus Ventures, says: “One of the most exciting applications of artificial intelligence is combining it with human intelligence to create something which is more than the sum of its parts. Mosaic Smart Data’s machine learning models surface data insights that even the best human quant may not spot, delivering them to staff in a way which lets them act immediately. That is a powerful combination to drive productivity and performance across FICC markets globally.”
Matthew Hodgson, CEO and founder of Mosaic, adds: “Mosaic Smart Data’s mission is to empower financial market professionals with usable, data-driven tools to ask the questions they need answered and to receive those results in a language they can understand. We want them to feel as though they have the firm’s best quant sitting at their desk 24/7, able to answer any question they have almost instantly. That is the power of smart data analytics.”