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GeniosAI raises $19.1 million with FactSet leading Series A
San Jose startup geniosAI said Monday it raised $19.1 million in combined seed and Series A funding, with FactSet leading the Series A and Zoom and General Catalyst participating, according to a company announcement and an Axios Pro exclusive cited by Techmeme.
San Jose startup geniosAI said Monday it has raised $19.1 million in combined seed and Series A funding, with FactSet leading the Series A, according to a company announcement on Business Wire2.
Techmeme pointed to an Axios Pro exclusive by Ryan Lawler in which chief executive PD Singh described the same combined total and FactSet's role as Series A lead1. Axios Pro's full article was not available without a subscription; only the exclusive lede was reviewed1.
The Business Wire release said Zoom and General Catalyst also participated in the round, and that FactSet is a strategic partner as well as lead investor2. Those additional backers were not in the Techmeme summary of the Axios item1,2.
geniosAI said it builds software for the office of the CFO and for investment professionals on the buy side and sell side, combining a financial ontology, agents and what it calls traceable orchestration so figures can be traced to sources2.
The company said it is already in use with finance and investment teams at Fortune 500 global banks and technology companies to prepare for earnings, including peer comparisons and likely analyst questions2. It did not name those customers in the announcement2.
FactSet chief executive Sanoke Viswanathan said in the release that the firms are combining FactSet data with geniosAI's analysis so teams can move from insight to decision2. Singh, named as co-founder and CEO, said a financial answer is useful only if teams can show how they got there2.
Zoom chief strategy officer Abhisht Arora and General Catalyst managing director Madhu Namburi also provided statements in the company release2.
Neither the announcement nor the Techmeme/Axios lede stated a valuation, the split between seed and Series A, or how the capital will be used1,2.
Sources
- TechmemeGeniosAI, which develops AI software for financial analysis and modeling, raised $19.1M across seed and Series A rounds; FactSet led the Series A (Ryan Lawler/Axios)
- Business WiregeniosAI Emerges From Stealth With $19.1M In Funding To Give Financial Institutions Analysis They Can Trace, Defend, and Build On
How it’s being reported
2 sources
GeniosAI, which develops AI software for financial analysis and modeling, raised $19.1M across seed and Series A rounds; FactSet led the Series A (Ryan Lawler/Axios)
The combined raise size and FactSet as Series A lead, via Axios.
Techmeme pointed to Ryan Lawler's Axios Pro exclusive that GeniosAI raised $19.1 million across seed and Series A, with FactSet leading the Series A.
Leaves out Investor list beyond FactSet, company location, product details and named executives.
geniosAI Emerges From Stealth With $19.1M In Funding To Give Financial Institutions Analysis They Can Trace, Defend, and Build On
Traceable financial analysis, FactSet as strategic partner and lead investor, and use at Fortune 500 finance teams.
The company's announcement said it emerged from stealth with $19.1 million in combined seed and Series A funding from FactSet, Zoom and General Catalyst, with FactSet leading the Series A.
Leaves out Separate seed versus Series A amounts and a valuation.