Heckyl Technologies raises $ 3.5 Million Series B funding from IDG Ventures and existing investors Seedfund

 | December 12,2013 12:21 pm IST

Heckly technologies has raised $ 2.5 Million from IDG ventures and the remaining from the existing investor; Seedfund.

Seedfund had invested $ 1 million in the company in January 2012.

 

Heckyl Technlogies started in 2010 by former Merrill Lynch executives provides real-time financial information including news analytics on stock, FOREX and commodity to enable better investment decisions.

 

The company has over 20 clients including Sharekhan, Motilal Oswal, Indiainfoline, Relgare etc The company provides integrated solution with trading terminals which includes visuals, heat maps of sentiments, market data etc to help traders find the trading opportunity in the market.

 

The company is planning to extend their services to financial institutions and hedge funds. The use of big data for analytical decision making is attracting funding from private equity investors across the spectrum.

 

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