Sibli (formerly Responsibi), a Toronto, Canada-based AI powered investment research company, raised $4.5M in Seed funding.
The round was led by Staircase Ventures, with participation from The Group Ventures, Burst Capital, MaRS IAF, and private investors.
The company intends to use the funds to accelerate Its growth and the development of its technology.
Led by CEO Alik Sokolov, Sibli provides technology that leverages advancements in NLP and generative AI to process vast amounts of unstructured data, find relevant insights, and deliver them for use by fundamental and quantitative asset managers. By using the technology, institutional investors are able to secure an information advantage and improve their decision-making, resulting in improved efficiency and performance. Rooted in academia, the technology has been crafted for the specific challenges of investment research and is used by top-tier asset managers, including several in the Maple 8.
Commenting on the news, Alik Sokolov said: “We have helped some of the most sophisticated investors in the world solve practical challenges with tangible benefits: with some even launching novel strategies only made possible through Generative AI and our technology. As we help our clients re-imagine their investment process, we see a future where the day-to-day responsibilities of the investment analyst are completely transformed, allowing them to transition from low-level research towards high-value cognitive and social tasks.”
FinSMEs
13/02/2024