New York-based natural language processing and venture capital company RavenPack has secured $10 million in funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Oct. 28 and financed by GP Bullhound.
According to its Crunchbase profile, "RavenPack is the leading big data analytics provider for financial services. Financial professionals rely on RavenPack for its speed and accuracy in analyzing large amounts of unstructured content."
The 16-year-old company also raised a $5 million round in 2017.
The round brings total funding raised by New York companies in lending and investments over the past month to $60 million. The local lending and investments industry has produced 64 funding rounds over the past year, securing a total of $1.1 billion in venture funding.
In other local funding news, venture capital company DiligenceVault announced a Series A funding round on Oct. 23, financed by Goldman Sachs.
According to Crunchbase, "DiligenceVault delivers a technology-enabled environment to simplify and transform the process that an investor employs in investing with external managers. DiligenceVault creates a many-to-many ecosystem of institutional investors, investment managers and intermediaries, leveraging data-driven decisions and process automation."
The company also raised a seed round in 2016.
Meanwhile, artificial intelligence company Satisfi Labs raised funding, announced on Oct. 23.
From the company's Crunchbase profile, "Satisfi Labs is a conversational AI platform for retailers, sports venues, attractions and live events. Its platform, the Answer Engine, powers chatbots, voice experiences, messaging apps and website forums to provide an answer to all customer questions in real time."
Satisfi Labs last raised $3 million in funding earlier this year.
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