AltHub closes $900k seed round to expand its data monetization platform and team to support Data Producers.
AltHub closes $900k seed round to expand its data monetization platform and team to support Data Producers.
May 9, 2023
AltHub, a leading data insights platform in the alternative data market, has successfully concluded its seed funding round, led by The Pearl Fund and industry angels. The funding will be utilized to expand the data and engineering teams and enhance AltHub’s data insight capabilities so that all types of data buyers can easily understand the insights derived from alternative data.
“We’re thrilled to support AltHub’s accelerating growth, including partnerships and extended platform capabilities,” said Brian Phillips, Managing Partner at The PearlFund. “There is immense potential in the Alternative Data Insights category, which is only increasing with new AI technologies and AltHub is taking a leading role”.
AltHub’s platform allows global data providers to rapidly create and validate the impact of new data products across various industries, with the support of machine learning models and investment use cases. This automated process benefits all stakeholders in the value chain, particularly alternative data providers seeking to enhance their offerings for the professional investment community. By leveraging AI modeling, AltHub reduces the time required to discover insights from months to weeks, unlocking new pathways for data monetization.
“We would like to express our gratitude to The Pearl Fund and our new investors for their support during this key phase of scaling AltHub’s business,” said Scott Hall, CEO of AltHub Inc. “We are witnessing an explosion of new datasets, and our ability to support data suppliers with refinement, verification, and presentation is essential.”
AltHub’s SaaS platform is driving the acceleration of alternative data usage, unlocking this information to quantitative, fundamental, and macro investors. Its global team is committed to supporting data providers and buyers in having the most impactful relationship.
About AltHub:
AltHub turns untapped data into unique alternative data, generating new revenue for companies and providing valuable insights for investors. We strive to unlock potential, drive growth, and foster data-driven investments.