Daloopa Raises $20M in Series A Funding
Summary
Daloopa, a New York-based provider of AI-driven data extraction services for financial institutions, raised $20M in Series A funding. Credit Suisse Asset Management’s NEXT Investors and Nexus Venture Partners will each assign a member to the Board of Directors. The company, which has raised $24m to date, intends to use the funds to accelerate expansion of its offerings among financial institutions. Founded by Thomas Li, Daniel Chen and Jeremy Huang, Daloopa provides high-quality AI-powered data extraction services to hedge funds, investment banks, and other financial institutions. The company’s technology produces data extraction from millions of highly-complex financial documents, extracting financial data across structured and unstructured documents in dozens of languages.
Funding
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