Stock exchange operator Deutsche Börse led a $15m funding round yesterday for Clarity AI, a US-headquartered developer of financial asset software, that included venture capital firm Mundi Ventures.
Founded in 2017, Clarity AI has created a software platform that utilises big data and machine learning technology to measure the societal impact of a client’s investment portfolio.
The company is exploring partnership opportunities with Deutsche Börse that could include the latter’s financial intelligence platform, Qontigo. It will put the capital towards technology development as it looks to make its product able to integrate with the largest financial services platforms.
Rebeca Minguela, founder and chief executive of Clarity AI, said: “Our purpose is simple: to measure the impact of companies on our society and planet.
“Investors attempting to evaluate impact have faced fragmented and unreliable data, inconsistent subjective definitions and a lack of standards and tools for comprehensive analysis. Historically it has been too hard and resource-intensive to get accurate and transparent insights. Clarity AI provides a solution for that.”
Clarity AI said its backers also include Kibo Ventures, Founders Fund, Seaya Ventures and private investor Matthew Freud but did not confirm their participation in the round.
