Qineqt, a NYC-based data company that is building a data architecture for investment managers, raised $1.3M in the first close of its Series A round.
The new investment led by two private investors brought Qineqt’s total funding to date to $6m.
The company will use the new capital to further build out its global data and technology operations, including hiring additional data architecture and industry experts.
Led by CEO Nadir Khan, who conceived the idea while running hedge fund Timescape Global Capital Management, which he co-founded after working as a trader and analyst at SAC Capital, Qineqt brings its methodology — building bespoke data discovery solutions in collaboration with global investment managers — to large funds that are facing the challenges, and rising to the opportunities, of big data.
The company is focused on optimizing data structures, creating deep data repositories, and building a historical catalyst library that allows investors to establish sustainable data retrieval processes.
Qineqt has 220 employees across 3 global locations.