Aiera Raises $3.5M to Expand the Application of Deep Learning to Fundamental Investing
Aiera (pronounced “era”), an adaptive deep learning platform designed to enhance active fundamental investment strategies, announced today a $3.5 million seed funding round led by Boston-based Flybridge Capital Partners. Using a proprietary neural interrogation tool and advanced linguistics, Aiera offers investment managers the ability to study, challenge, and direct an AI-based analyst in an individualized and privatized workflow.
The funding round included Macquarie Group, Innovation Endeavors, Fin Venture Capital, and WGI Group.
Aiera was founded by former Amazon Alexa engineering lead, Bryan Healey (CTO) and a former Internet equity research analyst, Ken Sena (CEO). They are joined by a team that brings experience from across software, data science, and traditional Wall Street investment analysis, at firms such as Apple, A2 Access, AllianceBernstein, Dealogic, Evercore ISI, Deutsche Bank, Lola, Tomahawk, and Wells Fargo Securities.
Chip Hazard, General Partner at Flybridge, commented on the raise.
“Ken, Bryan and team showcase how traditional fundamental investment and deep learning expertise can be brought together for the benefit of the active manager. In addition to offering actionable calls with a strong track record, the ability for Aiera to explain itself in natural language means that fundamental analysts can now interact with artificial intelligence and integrate it into their decision-making process in ways that have not been previously possible.”
“Aiera was inspired by our view that active managers should benefit from the deep learning techniques that are revolutionizing other industries,” says Co-Founder and CEO, Ken Sena. “While many funds are advanced in quantitative modeling, the application of true deep learning and natural language processing remains nascent, adds Co-Founder and CTO, Bryan Healey.
“Based on our conversations, I knew that we could build an experience that would tackle the individual workflow needs of investment managers and still be different for each one.”
About Aiera:
Aiera is an adaptive deep learning platform designed to enhance active fundamental investment strategies. Using a proprietary neural interrogation tool and advanced linguistics, Aiera offers investment managers the ability to study, challenge, and direct an AI-based analyst in an individualized and privatized workflow. Aiera monitors nearly the full body of publicly accessible information, including social media, news, earnings transcripts, SEC filings, video feeds, technical and fundamental data, and more. For institutional investors looking to schedule a demo, please contact us at aiera.com.
About Flybridge:
Flybridge is a seed and early-stage venture capital firm with offices in Boston and New York City whose mission is to partner with talented entrepreneurs to build exceptional and valuable technology companies. With $625 million under management across four funds, the firm has invested in more than 120 companies across the machine learning, artificial intelligence, Blockchain, cybersecurity, infrastructure and future of work markets and is led by a team with more than a century of combined experience as investors and entrepreneurs. www.flybridge.com
