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
Get stories like this delivered straight to your inbox. [Free eNews Subscription]

Editorial Director

SHARE THIS ARTICLE
Related Articles

ICYMI: Some of the Latest Exciting Developments in IoT

By: Alex Passett    5/17/2024

We've compiled several Internet of Things (IoT) stories that will benefit readers interested in smart infrastructure analytics, high-speed satellite I…

Read More

With Investment from Accenture Ventures, Sanctuary AI Continues Development of Impressive, AI-Powered Human Robotics

By: Alex Passett    5/15/2024

Accenture Ventures made a strategic investment in Sanctuary AI as more of the latter's developments involving AI control system "Carbon" and human-lik…

Read More

Upstream Security Receives Supportive Boost from Cisco Investments

By: Alex Passett    5/15/2024

Cisco Investments has reportedly invested in Upstream Security, an XDR solutions provider for connected vehicles and general IoT.

Read More

SEALSQ's 'INeS' PKI-as-a-Service Platform Selected by D-Link for Matter-compliant IoT

By: Alex Passett    5/14/2024

Last month, D-Link officially selected SEALSQ's PKI-as-a-Service solution (dubbed "INeS") to provide Node Attestation Certificates for D-Link's MS30-N…

Read More

Variscite-SecEdge Collab Empowers IoT Customers with Easy-to-Implement Device Security Solutions

By: Alex Passett    5/14/2024

Variscite and SecEdge are building an expanded collaboration to provide increasingly dependable chip-to-cloud, standards-compliant security solutions …

Read More