New Funds for Macroeconomic Intel Provider QuantCube

Paris-based macroeconomic, corporate and environmental intelligence provider QuantCube Technology has raised an undisclosed amount of funding in a Series B round, for use in continued global expansion.

QuantCube uses artificial intelligence and big data analytics to deliver real-time macro-economic insights. The firm processes more than fourteen billion data end points from sources such as news, social media, satellite data, professional networks and consumer reviews, as well as international trade, shipping, real estate, hospitality and telecoms data, to deliver indices on variables including economic growth, inflation, employment and international trade for the G20 and emerging economies.

New funding has been led by Strategic Development Fund (SDF), the investment arm of UAE's Tawazun Council, together with previous backers Moody's and Five Capital, and other private investors. QuantCube says it will use the funding to establish new offices in Abu Dhabi focused on research and development, as well as offices in Tokyo and New York dedicated to sales and operations.

COO and co-founder Ghizlaine Amrani (pictured) comments: 'Increased focus on geopolitical and macroeconomic issues means the ability to derive insights from real-time data across markets and at scale has never been more essential. With our newly secured funding, we look forward to expanding our offerings into new regions and delivering market-leading economic intelligence to new customers. We would like to thank our existing stakeholders for their continued support as well as our new partners for this truly transformational investment'.

Web site: www.quant-cube.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.