Data Analytics: New Edge for Success
Digitizing the Enterprise by Leveraging Analytics and Modern...
Promise of Data Analytics
Business and Data Analytics to Achieve Productive Outcomes
Data as a Business Resource
Jamie Adams, CIO, Mspark
Soaring cloud costs Five ideas for effective data platform cost...
Sean Xu, Vice President -- Information Management, MGM Resorts International
Accelerating Product Development with Big Data
Kyle Cline and Andrei Khurshudov, Caterpillar Inc.
Where can You Use Quantum Computing in Data Analytics?
Aaron McClendon, data scientist and practice lead, Aimpoint Digital
Thank you for Subscribing to CIO Applications Weekly Brief
Kyber Data Science Bags $10M in Series A Round of Financing
The funding round was led by Cowen and Ian McKinnon, founder of Sandia Holdings LLC. In conjunction with the funding, Mr. McKinnon is expected to join Kyber's board of directors, effective upon closing the investment.
FREMONT, CA: Kyber Data Science, a subsidiary of New York-based Cowen, closed $10m in Series A financing. The funding round was led by Cowen and Ian McKinnon, founder of Sandia Holdings LLC. In conjunction with the funding, Mr. McKinnon is expected to join Kyber's board of directors, effective upon closing the investment.
Led by Jeffrey M. Solomon, Chair and Chief Executive Officer, Kyber focuses on developing and selling proprietary datasets across various sectors to institutional investors and corporations.
Recently, the company launched a nationally-representative health care claims and electronic medical records data product for the institutional investor that allows for analyses across health care subsectors, including drug, diagnostics, medical devices, and facilities companies. Transaction-level data enable customers to develop a large number of key performance indicators and drive granular insights into the intricacies of product revenue and disease dynamics. Established in 1918, Cowen is a diversified financial services firm offering investment banking services, sales and trading, equity and credit research, prime brokerage, commission management services, global clearing, and actively managed alternative investment products. It has offices around the globe.
"Kyber was established on the belief that data is a tool for alpha generation versus data as a strategy unto itself," commented Robert Fagin, Kyber's Executive Chair. "As we have continued to grow our product sets, we are extremely pleased to elevate our operation through outside capital and the participation of Ian McKinnon as a director. Ian has tremendous experience growing health care and data-focused companies and we look forward to his contributions."
"At Cowen, we are constantly striving to help clients outperform and to build systems and services that are deeply entrenched within the DNA of the sectors that we serve. Kyber is uniquely positioned to expertly manage big data sets and to provide actionable insights to the financial community. We have been extremely pleased with the establishment of the business and are thrilled to be partnering with Sandia on the next leg of growth," said Jeffrey M. Solomon, Chair and Chief Executive Officer of Cowen.