Summary:
Reflexivity raised $30 million in Series B funding from leading hedge fund investors.
Founded by former hedge fund traders, Reflexivity aims to transform data analysis for investors.
The platform analyzes 40,000 securities, integrating data from various third-party providers.
Reflexivity's closed AI system prevents misleading information, ensuring accuracy in trading.
Valued between $115 million and $150 million, Reflexivity is highlighted as a top fintech startup.
Reflexivity's Major Funding Round
A startup looking to transform how investors and traders use data just received funding from some of the biggest names in the hedge fund world. Reflexivity, formerly known as Toggle AI, recently raised $30 million in Series B funding. This round was led by Interactive Brokers and Greycroft, with participation from notable investors like Stanley Druckenmiller and Greg Coffey.
Reflexivity cofounders Jan Szilagyi and Giuseppe Sette.
What Reflexivity Does
Reflexivity was founded by two former hedge fund traders who understood the challenges of managing disparate data sets to gain an investing edge. The startup's platform combines third-party data from a dozen providers, including S&P Global, and proprietary internal information to offer comprehensive analysis, flagging how world events can impact portfolios.
"When you are an investor inside a major hedge fund, one big fear that is always present is that you are going to miss something," says cofounder and CEO Jan Szilagyi.
The company estimates a potential market of $16.4 billion and currently serves around 20 institutional clients, including major banks and hedge funds.
How Reflexivity Works
Reflexivity's platform allows stock-picking investors to analyze data covering about 40,000 securities. It alerts clients, primarily discretionary investors at hedge funds and asset managers, about market events and their potential impacts. For instance, if treasury yields rise, Reflexivity flags related stocks in user portfolios.
The platform employs a proprietary knowledge graph and a generative AI-powered user interface to enhance decision-making.
Szilagyi emphasizes the importance of accuracy in finance, noting Reflexivity's closed system approach to AI, which prevents it from generating misleading information.
With a valuation between $115 million and $150 million, Reflexivity is recognized as one of the up-and-coming fintechs in 2023, aiming to reshape how hedge funds approach data analysis.
Reflexivity's Pitch Deck
The startup's pitch deck used for its funding round serves as a testament to its innovative approach in the fintech space, showcasing its potential to disrupt traditional methods used by hedge funds and institutional investors.
Pitch deck that Reflexivity, formerly Toggle AI, used for its $30 million Series B.
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