Menu

IoT FEATURE NEWS

Everysk Raises $1.3 Million, Launches New Service

By

According to a recent announcement, Everysk Technologies, an investment technology company providing multi-asset portfolio analytics with data-centric, machine learning techniques, has closed a $1.3 million seed financing round and reportedly is launching an automation system that brings real-time portfolio and risk management analytics to fund managers of all sizes.

Everysk Portfolio Risk & Automation enables asset managers and smaller firms to instantly establish robust risk processes by tapping into Everysk’s expertise and technology to give them the same sophisticated live reporting and actionable tools employed by top tier hedge funds.

“The stale, static, backward-looking PDF risk report delivered once in the morning is dead,” said Allan Brik, PhD, CEO, Everysk and former Partner and Chief Risk Officer at Arden Asset Management. “In today’s historically volatile COVID-19 markets, never before has the need for automated and contextualized portfolio and risk management information been more critical or more accessible. Everysk Portfolio Risk & Automation provides clients with timely insights into investment portfolios and intraday alerts via automated workflows, thus removing operational burdens from investment teams and allowing them to focus on more high impact tasks.”

Everysk provides forward-looking stress testing, factor modeling, and risk attribution for multi-asset, multi-currency portfolios covering 90 exchanges, 200,000 global equities, 40 currencies, government and corporate bonds, derivatives, and private assets.

“FK Capital uses Everysk’s interactive risk management analytics to monitor portfolio exposures and test appropriate hedges,” said Jorge Finkler, CIO of FK Capital Management, a value-oriented long-short equity strategy. “Everysk allowed us to avoid the significant COVID-19 downside experienced by many other managers in March.”

Everysk also announced that it has closed its first outside financing, a $1.3 million seed round led by one of the leading family offices globally. Terms of the transaction and identities of the funding sources were not disclosed. The funding values Everysk at $7 million. Proceeds from the funding will be used for general corporate purposes, technology development, product launches, and related efforts.


Ken Briodagh is a storyteller, writer and editor with about two decades of experience under his belt. He is in love with technology and if he had his druthers would beta test everything from shoe phones to flying cars.

Edited by Ken Briodagh

Editorial Director

SHARE THIS ARTICLE
Related Articles

When Programmable IoT and Cellular Merge, It's Time to Spin Up Solutions

By: Shrey Fadia    8/4/2020

Most IoT research and development over the last two decades has been focused on data acquisition, real time edge and cloud applications and analytics,…

Read More

Nokia and U.S. Cellular Agree to Add 5G mmWave in 24 GHz and 28 GHz Bands

By: Ken Briodagh    8/3/2020

According to a recent announcement, U.S. Cellular will deploy Nokia's AirScale portfolio, with Cloud RAN capabilities, in order to provide enhanced Mo…

Read More

IoT Time Podcast S.5 Ep.27 Wi-Sun Alliance

By: Ken Briodagh    7/31/2020

In this episode of IoT Time Podcast, Ken Briodagh sits down with Phil Beecher, President and CEO, Wi-SUN Alliance, to talk about Smart Cities, Energy …

Read More

TIA to Host Virtual Policy Forum on 5G Trust And Supply Chain Security

By: Ken Briodagh    7/28/2020

Forum panel to feature leading government voices from the US, Germany and Japan

Read More

Kerlink and GISupply Partner on LoRa-based IoT for Health, Agriculture Markets

By: Ken Briodagh    7/28/2020

Applications Range from Heat-Stroke Avoidance for Construction Workers To Smart Farming and Aquaculture

Read More