Theia Insights, a software firm launched to address a major blind spot in financial market investments, has raised $8m (£6m).
Named after the Greek goddess of sight, the Cambridge-based company was launched to resolve an oversight in the categorisation of financial assets.
While financial markets can often assign individual companies with simplistic category labels such as “software”, Theia Insights claims this practice is “dangerously out of date”.
The company’s platform reads through a broad range of a company’s information including regulatory filings, earnings transcripts, press releases and financials to build a clearer picture for investors updated continuously.
“Financial markets are ultimately systems of resource allocation,” said Dr Ye Tian, founder and chief executive of Theia.
“To allocate well, we must first see the economy clearly, not in fragments but as an interconnected whole. Theia exists to map the unmapped, to make visible the structure of the global economy.”
Theia Insights breaks down a company’s categorisations, for instance, one business may be shown to have 30% exposure to semiconductor, 25% to AI, 20% to data centres, 15% to cloud computing, and 10% to autonomous vehicle technologies.
Should a company’s strategic direction shift following, say, an earnings call, Theia claims it will update it in real time.
The round was led by MiddleGame Ventures with participation from Further Ventures and Unusual Ventures.
“Financial markets still rely on static classification systems that have changed very little over the past several decades,” said Patrick Pinschmidt, co-managing partner of MiddleGame Ventures.
“Theia’s approach builds a dynamic, AI-driven map of a company, sector, or investment theme — providing game-changing tools for investors and AI systems to reason from.
“The strong early engagement from institutional investors — who prize genuine alpha and have little tolerance for innovation theatre — is an encouraging signal as the company accelerates investment in its product roadmap.”