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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

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Khushbu Soni
Chief Editor - CIO News | Founder & CEO - Mercadeo


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