Private equity and investment banking companies sit in a mountain of data from trading flows and markets to internal CRM notes, but most of it is in vain. Over the past decade, businesses have spent a lot of money on digital tools, but they still struggle to connect dots in meaningful ways. CRM is siloed. Our own data is underutilized. And raising the right deal often feels more like speculation than strategy.
That’s the gap that the filament syfter is about to close.
Founded by Phil Westcott (former European Director of IBM Watson), the London-based startup has built an AI-enabled data engine that helps deal makers actually use their data. It centralizes, enriches and operates information across platforms, helping private market companies express better matched transactions, strengthen relationships, and make faster decisions.
The pitch resonates. It secured up to $4.8 million in Series A funding led by Fintop Capital. The new capital will be directed towards expanding the company’s footprint in the global private market and accelerating product development.
“We are committed to providing a range of services to our customers,” said Rick Kschel, managing partner at Fintop Capital. “The filament sailors fill that gap.”
This product is more than just an AI sales tool. It is dedicated for private equity and investment banking use cases where unique insights and speed are the issue. Clients such as Astorg, Deflexion and Cavendish are already using the platform to improve and improve revenues on their existing technology stack.
With a team of data engineers, NLP and machine learning professionals, Westcott saw firsthand how companies struggle to train AI models with their own annoying internal data. That’s why he decided to launch Filament Syfter. It is a platform that allows businesses to curate, own and scale their own AI capabilities without having to build from scratch.
“Fintop’s investments, specialising in the financial services industry and operating leadership will allow our filament systems to expand worldwide,” Westcott said. “We are excited to gain their support given their track record as their track record invests in Best Breed Technology for traders.”
Fintop’s Chris Haley and Max Haskin will be joining the filament sailors board of directors as part of the transaction.
With private markets more competitive than ever and AI adoption is intensifying across the industry, filament slippers are betting that the future of trading belongs to companies that can actually utilize the data they already have.
🚀Want to share the story?
Submit your stories to TechStartUps.com in front of thousands of founders, investors, PE companies, tech executives, decision makers and tech leaders.
Please attract attention
Source link
