Artificial Intelligence Firm Secures $13 Million Investment for Establishing Core Data Foundation
Daloopa Raises $13 Million to Revolutionize AI-Powered Financial Data Services
Daloopa, an innovative AI-powered financial data platform, has announced that it has raised $13 million in funding. The investment will be used to expand the company's global reach, enhance its AI research, and boost the integration of Large Language Models (LLMs) into financial workflows.
With this funding, Daloopa plans to expand its platform to cover nearly 4,700 public companies, providing up to 10 times more data points per company than its competitors. Each data point will be directly linked to its source, such as filings, footnotes, presentations, and transcripts, ensuring full transparency and auditability.
The funding will also be used to develop and improve the Model Context Protocol (MCP), a technology that bridges LLMs with structured data environments. MCP tackles issues like hallucinations, inaccuracies, and unlinked outputs common in public web-sourced data, aiming to be the foundational data layer for AI-enabled financial research stacks.
Thomas Li, CEO of Daloopa, expressed his excitement about the trust placed in Daloopa by the investors, particularly Pavilion Capital. He emphasized that AI is no longer optional in finance, and Daloopa's mission is to create more reliable, scalable financial AI tools.
The MCP has already been integrated with Anthropic's Claude and is compatible with various AI platforms. It also powers a custom Daloopa GPT on OpenAI's GPT directory. This integration will enable faster, more accurate financial model-building and research workflows for hedge funds, banks, mutual funds, and corporates who want to scale AI tools without sacrificing data integrity.
Daloopa's focus is on customer-driven product development, balancing customization for large clients with scalable standardized products. The company aims to support institutions in the financial sector by providing them with a service that ensures data accuracy and auditability, while also accelerating the adoption of AI tools.
In summary, the $13 million investment will be strategically used to enhance products, advance AI research, and expand the integration of LLMs into financial workflows, solidifying Daloopa's leading position in AI-powered financial data services.
- Daloopa, backed by a $13 million investment from Pavilion Capital and others, intends to leverage private equity for investing in technology, with a focus on developing and improving artificial-intelligence solutions that will be applied to financial data services.
- With the recent funds raised, Daloopa will prioritize expanding its financial AI services globally, introducing technology capable of managing data from nearly 4,700 public companies with increased transparency and accuracy, improving financial investment opportunities.
