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

EdgeXFoundry Rolls Out Second Major Release, Taking Developers to Ireland

By: Arti Loftus    8/3/2021

EdgeX Foundry, a project under the LF Edge umbrella organization within the Linux Foundation, has introduced a second major release with advances in A…

Read More

Kore & Laird Connect with Wireless IoT Coup

By: Maurice Nagle    8/2/2021

Today, Kore Wireless and Laird Connectivity announced a new partnership to provide wireless IoT sensors, gateways and services capable of delivering c…

Read More

The Growth of Smart City Initiatives in the City That Never Sleeps

By: Matthew Vulpis    7/30/2021

Today, the technology developed to create the so-called "smart cities" can make cities more effective and efficient in the use of resources, a necessi…

Read More

Kajeet Delivers Secure Device and Application Management in DirectAccess

By: Maurice Nagle    7/29/2021

Kajeet announced the arrival of DirectAccess, a secure private pathway for organizations to manage IoT devices and mission critical applications at sc…

Read More

Springfield Smart City Planning Starts with Smart Streetlamps

By: Maurice Nagle    7/29/2021

The City of Springfield, Illinois announced a preliminary plan to deploy new technology, allowing the city to save money and energy via increased effi…

Read More