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

KORE Wireless Group Acquires Twilio's IoT Division

By: Alex Passett    3/27/2023

KORE Wireless Group, a MVNO, announced that it signed a deal to acquire the IoT division of the customer engagement platform and programmable communic…

Read More

Quectel's New CC200A-LB Satellite Module, Reliable and Ready for a Wide Range of IoT Applications

By: Alex Passett    3/24/2023

Quectel has launched its CC200A-LB satellite module, which is designed to provide reliable global connectivity at a cost-effective price point, making…

Read More

'Hello' from Quectel's New Wi-Fi HaLow Module, Launched for Improved Indoor and Outdoor IoT

By: Alex Passett    3/23/2023

Quectel launched its IEE 802.11ah wireless networking protocol, known as Wi-Fi HaLow, for augmented IoT applications both indoors and outdoors.

Read More

The Future of IoT Core and Debating Build vs. Buy Options

By: Matthew Vulpis    3/23/2023

With large third-party providers sunsetting their IoT solutions, the time is now for organizations to make the choice to either build or buy.

Read More

Keyfactor Joins the CSA to Deepen IoT Connectivity and Secure Digital Trust

By: Alex Passett    3/21/2023

As the latest member of the Connectivity Standards Alliance (CSA), software company and IoT identity platform Keyfactor looks to better tap into the u…

Read More