Xconomy Boston

Fina Technologies Obtains $4,500,000 Series A Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f9ef350c-4ac6-4463-8500-af9dda622dd2&Preview=1
Date
12/10/2009
Company Name
Fina Technologies
Mailing Address
Undisclosed Cambridge, MA 02138
Company Description
Fina Technologies, Inc. is a spinoff of Gene Network Sciences (GNS) focused on applying the REFSTM platform and other machine-learning tools to large-data problems in the world of finance. Fina Technologies applies massively parallel supercomputing technology combined with cutting edge machine learning techniques to create quantitative trading algorithms for a new class of massively data intensive applications.
Website
http://www.finatechnologies.com
Transaction Type
Venture Equity
Transaction Amount
$4,500,000
Transaction Round
Series A
Proceeds Purposes
Proceeds purposes were not disclosed.
M&A Terms
Venture Investor
Reed Elsevier Ventures
Venture Investor
Excel Venture Management