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Cognitive Credit raises $10M in funding round

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September 18, 2024

Cognitive Credit, a data and analytics software provider for credit markets, raised $10 million in a funding round led by ETFS Capital. It will use these funds to expand into new markets and invest in algorithmic debt valuation and AI, according to a press release.

The company in particular provides credit analysis for corporate credit for accurate structured data.

"With the digital evolution of credit now inevitable, we are pleased to have ETFS join our team given their deep experience in capital markets innovation. Building the best-in-class dataset for one of the world's largest asset classes remains an ambitious task, and we are excited about the opportunities ahead of us," Robert Slater, CEO and founder of Cognitive Credit, said in the release.

"As global credit markets expand and increasingly transition to electronic trading, data and automation plays a crucial role for investors. Cognitive Credit's software has best-in-class proprietary data collection capabilities and presents this data in a web-based application which boasts an exceptional suite of functionality. This positions Cognitive Credit as an essential tool for credit investors. The Company's impressive growth to date underscores its potential, especially as it broadens its reach into additional fixed-income sub-categories and further enhances its platform's capabilities and product offering," Martyn James, managing partner at ETFS Capital, said in the release.