Calgary-based fintech Nine Dynamics Corp. has closed a new round of investment led by investors associated with MATCO Investments Ltd., a private holding company also headquartered in Calgary, Nine Dynamics announced Monday.
Nine Dynamics’s signature software, TITAN, provides digital analysis for investment research. It launched Monday at the FINOVATE conference in New York.
“Nine Dynamics has a simple vision. We make state-of-the-art investment insight effortless, approachable and accessible to all investors, professional or individual. We do this through revolutionary data science and world-class artificial intelligence,” Jeff Sears, Nine Dynamics’ president and CEO, said in a statement. “With TITAN, we wanted to turn financial data into a user-friendly, immersive experience. TITAN was designed to enable investors to save time, enhance investment returns and gain a much deeper and broader understanding of market behavior.”
Nine Dynamics says that before TITAN, the cost to investors of accessing similar information (and the computer skills needed to manage it) were a significantly larger burden.
“When we first saw the Nine Dynamics presentation, we immediately “got it” that this technology could be truly transformative,” said Ryan Jennings, managing director of MATCO Capital Ltd., a MATCO subsidiary.
The TITAN software “supports and analyzes over 3,800 North American equities, and delivers numerous key fundamental and valuation metrics in a modern design,” Nine Dynamics says. It also uses artificial intelligence to plan sector allocations and investment holding periods.
TITAN’s strategic partnerships include Norwalk, Conn.-based FactSet Research Systems, a financial data software company, Redmond, Wash.-based Microsoft Corp. and Toronto-based innovation hub MaRS.