Atlanta, GA (PRWEB) May 03, 2014
Lucena Research, Inc., an expert in big data analytics and decision support technology for investment professionals announced completion of Round A funding of $1M to support rapid expansion.
Lucena, delivers predictive analytics technology through QuantDesk®, their cloud-based platform. Lucena has recently expanded its R&D and business development staff to accommodate a rapidly growing demand for its software and complementary services.
Lucena’s offerings encompass five modules in QuantDesk®, geared to enable portfolio managers, traders and other investment professionals to form, validate and execute investment decisions backed by science. The 5 modules are:
In addition, Lucena has recently launched Quant-For-Hire services, in which it conducts custom studies, research assignments, and executes investment strategies tailored to specific client needs.
“Having our investors’ confidence in us is both humbling and invigorating,” says Erez Katz (Lucena’s co-founder and CEO) especially because most of our investors are also our clients or business associates. We hope to continue to deliver superb technology and empower the underserved investment professional with a sophisticated, yet easy-to-use technology so that they can compete head-on with the largest financial institutions in the world.”
“Lucena Research is a company on the move. We’ve witnessed rapidly growing market demand for our services and, with the new funding, we will be able to embrace the market with the capital needed to execute on our operating and marketing plans.”
Lucena Research was founded by Tucker Balch, Ph.D., a professor who teaches quantitative finance at Georgia Tech, and Erez Katz, a self-made serial entrepreneur and an expert in building and growing technology businesses. Lucena provides quantitative analysis and machine learning solutions for hedge funds, wealth advisers, family offices and other sophisticated investors. Lucena’s cloud-based Artificial Intelligence decision support technology, QuantDesk®, enables investors and traders to find market opportunities and to reduce risk in their portfolio using technical and fundamental quantitative analysis.