Wednesday, April 14, 2021
Home Startup Technology start-up gets investment backup by NSE

Technology start-up gets investment backup by NSE

CQS is a technology start-up, which focuses to provide software products that use ML and Natural Language Proficiency

NSE Data & Analytics Ltd, a subsidiary of National Stock Exchange of India (NSE) has made an investment in a technology start-up Capital Quant Solutions Ltd (CQS).

Vikram Limaye, CEO of NSE, said in a statement on Wednesday said, “The investment in CQS is a part of NSE’s programme for investment in the fields of analytics, digital, robotics, security, artificial intelligence (AI), machine learning (ML), block chain etc., where start-ups require early stage financing and incubation to expand, and realize their full potential”.

To help build models for extracting data from complex unstructured financial documents, CQS is a technology start-up, which focuses to provide software products that use ML and Natural Language Proficiency.

NSE Group aims to strengthen its technology leadership through such partnerships with select start-ups.

“Our relationship with the exchange started with NSE being a customer for our flagship product, FinStinct. Over time this relationship has grown not just in terms of the size of the engagement but has also grown at a strategic level. Today, we offer cognitive automation to various functions & divisions within the exchange and we also have the exchange as an investor in us”, said Pravin Lal, founder of CQS.

Also read: Fortinet Announces AI-powered XDR for Fully Automated Threat Detection, Investigation, and Response

Do Follow: CIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter

khushbu
Chief Editorhttps://www.cionews.co.in
Chief Editor - CIO News | Founder & CEO - Mercadeo

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -WhatsApp Image 2020 11 10 at 1.52.58 PMWhatsApp Image 2020 11 10 at 1.52.58 PMWhatsApp Image 2020 11 10 at 1.52.58 PMWhatsApp Image 2020 11 10 at 1.52.58 PM

Most Popular

Next-Generation Incubation Scheme: 42 start-ups eligible for benefits

Next-Generation Incubation Scheme: 42 start-ups eligible for benefits

Ed-Tech venture to offer end-to-end learning ecosystem

Ed-Tech venture to offer end-to-end learning ecosystem

Ransom-ware: A malware type used to extort money

Ransom-ware: A malware type used to extort money

Digital Ethics framework to be considered for responsible digitalisation

Digital Ethics framework to be considered for responsible digitalisation

Recent Comments