Hivemind Announces Funding Round Jointly Led By Fidelity International and Barclays
Summary
LONDON--( BUSINESS WIRE )--Hivemind, the UK-based data science company and member of the Investment Association’s fintech accelerator Velocity, has closed a funding round led by Fidelity International and Barclays. John Stecher, Chief Innovation Officer for Barclays commented: “The team at Hivemind has demonstrated impressive capabilities from when they were formed at Winton. Hivemind develops software to help clients build, clean and enrich datasets from a range of complicated unstructured sources such as company reports, regulatory filings or news feeds through to blogs, websites and images. Our software combines automated methods and distributed human intelligence to distil such sources into valuable, accurate and bespoke datasets, and to help make everyday data maintenance more efficient. Our clients include leading hedge funds, global asset managers and data vendors and we have been selected for the IA Velocity program, the first accelerator run by the Investment Association.