MarketReader Raises $3.1M in Seed Funding
Summary
MarketReader, a New York-based market analytics company that identifies and explains price action in real time, raised $3.1M in Seed funding. The company intends to use the funds to accelerate the development of its user platform to deliver real-time, data-driven explanations of price movement across asset classes to financial advisors and retail investors. The company uses its proprietary data engine to identify and explain price movement across multiple asset classes in real time. When an unusual price move is detected, the system algorithmically pinpoints the most plausible explanation and instantly returns data-driven output. The platform will feature live data and analytical tools to help users understand what is moving in the market and why.