MioTech, a Hong Kong-based provider of an artificial intelligence driven platform for financial institutions, raised $7m in Series A funding.
The round was led by Horizons Ventures with participation from ZhenFund and other backers in Hong Kong and Mainland China.
The company intends to use the funds to continue investing in R&D, add new talents, and expand its business in Hong Kong, Mainland China, Singapore and the rest of the Asia Pacific region.
Led by Jason Tu, CEO, MioTech provides a graph database that allows investment managers at financial institutions to integrate custodian, market price, news, events, as well as micro and macroeconomics data to form a complete knowledge map.
The technology is built on AI-enabled analytics engine on top of its advanced data structure to provide in-depth insights into investments and portfolios at every level, enabling investment managers to make data-driven decisions.
The company has offices in Shanghai and Hong Kong.