Elsen, a Boston, MA-based financial technology platform, closed a $400k funding round.
Backers included local angel investor Bret Siarkowski and his AngelList syndicate, which is backed by Atlas Venture’s Boston Syndicates.
The company, which has previously been bootstrapped, intends to use the funds to accelerate growth and add additional resources to its engineering team.
Led by Said Zac Sheffer, co-founder and CEO, and Justin White, co-founder and CTO, Elsen offers a secure platform for hedge funds, banks, insurance companies and others seeking to run financial models and algorithms faster and efficiently bringing massively-parallel processing to financial data.
The platform is data-agnostic and elegantly supports custom data sets.
Founded in 2013, the company has an additional office in Washington, DC.