- Linq raises $6.6 million to enhance financial analysis through AI.
- MIT alumni founded Linq after winning Samsung’s accelerator programme.
- The startup aims to streamline financial research and analysis processes.
- Competition includes Bloomberg and S&P, but Linq offers unique end-to-end services.
OUR TAKE
The company’s strategic moves reflect a deep understanding of market needs and a commitment to meeting them with cutting-edge solutions. Linq’s approach to business is personal to me because it mirrors the kind of proactive, customer-centric ethos that I admire. It’s not just about making a profit; it’s about making a difference.
—Dudu, BTW Reporter
AI revolution in financial research
Linq, a promising Boston-based startup, has successfully raised $6.6 million in a funding round led by InterVest and Atinum, with additional support from TechStars, Kakao Ventures, Smilegate Investment, and Yellowdog. This influx of capital will fuel Linq’s mission to revolutionise financial analysis with cutting-edge AI technology, aiming to make research processes faster and more efficient for financial analysts.
AI-driven financial solutions
Linq’s AI agent leverages domain-specific search and large language models (LLMs) to automate tasks essential for financial analysis, such as scheduling, communication, scanning research reports, and building financial models. This technology can summarise securities filings, earnings reports, and call transcripts, offering significant productivity boosts for hedge fund analysts and institutional investors.
Choi emphasised that general AI tools like ChatGPT cannot match Linq’s specialised capabilities. “Our proprietary data-gathering system provides access to a broad spectrum of structured and unstructured data, including live transcriptions of earnings calls in multiple languages,” Choi said.
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Competition and edge
Linq faces competition from established firms like Bloomberg and S&P, which offer their own AI-powered tools for financial research. However, Choi believes Linq’s end-to-end service and unique data-gathering approach set it apart. “Our comprehensive workflow management system is a key differentiator,” he noted.
Some industry experts see Linq’s comprehensive approach as a game-changer. By offering tools that can handle a wide range of tasks from data collection to analysis, Linq may significantly reduce the time analysts spend on mundane tasks, allowing them to focus on more strategic activities. This efficiency gain could be crucial in the fast-paced world of financial markets where timely insights can make a significant difference.
Global expansion plans
With its recent funding, Linq plans to expand its operations into the Americas, Asia, and the Middle East, while continuing product development and staff hiring. The company, which began generating revenue in October last year, also operates an office in Seoul, South Korea.
Opinions
Linq’s innovative approach to financial research, underpinned by advanced AI, offers a promising future for analysts and investors seeking efficient, accurate, and comprehensive solutions. The startup’s potential to transform financial workflows and its impressive client list indicate a bright future ahead. Linq’s ability to integrate seamlessly with existing data ecosystems and provide real-time insights could be a game-changer in the financial industry.
