20.1 C
Delhi
Friday, November 22, 2024
HomeBusinessFintechOsyte Raises $4 Million to Drive AI-Powered Investment Automation and Optimization for...

Osyte Raises $4 Million to Drive AI-Powered Investment Automation and Optimization for Multi-Asset Portfolios



PR Newswire

Funding led by Moneta Ventures, and includes participation from Fintech investors SixThirty Ventures, Altari Ventures, Tacoma Venture Fund, and Sigmas Group Family Office.

Osyte (pronounced O-Sight), developers of an AI-powered multi-asset portfolio management technology, announced the closing of its $4 millionĀ seed round. This additional capital will enable Osyte to expand its go-to-market capabilities, accelerate its AI product roadmap, and scale its client management team to meet growing demand.

Osyteā€™s mission is to create more structure, transparency, and operational efficiency for the roughly 50,000 Single Family Office, Multi-Family Office, and Institutional fund managers who are increasingly struggling to manage the trillions of dollars moving from traditional to alternative investments.

ā€œOsyte significantly reduces the complexity, risk, and cost tied to managing multi-asset portfolios with public and private assets. With Osyte, Asset Managers can leverage AI to automate many portfolio management decisions and re-focus their time on the most high-value investment functions,ā€ saidĀ Charles Anselm, CEO and co-founder of Osyte.

Read More on Fintech : Global Fintech Series Interview with Krishna Venkatraman, Chief Data Officer at Kueski

Private assets under management are projected to reach overĀ $15 trillion, experiencing nearly 20% annual growth over the next 5 years.Ā  Osyteā€™s technology enables liquidity management of hedge funds and private market commitments, AI/ML powered portfolio optimization, risk and exposure analytics, rebalancing, and streamlines trading of multi-asset portfolios with both liquid and illiquid securities. Osyteā€™s customers can expect an 80% reduction in operational overhead tied to managing multi-asset portfolios when using the Osyte platform.

ā€œWhen investment managers today look to deliver true multi-asset portfolios, they have to support greater complexity at both the level of the client portfolio and their own operations. Osyteā€™s founders have created a platform that embraces portfolio and operational complexities natively, so that institutions can manage these portfolios, scalably,ā€ Ā saidĀ Atul Kamra, Managing Partner at SixThirty Ventures.

The Osyte team has significant portfolio management expertise at one of the industryā€™s largest outsourced CIOs, previously managing billions of dollars for endowments, foundations, pension funds, and other institutional investors.

ā€œWeā€™re thrilled to partner with Osyte; their end-to-end platform, backed by a team with deep industry experience, empowers asset managers with a scalable, robust solution for managing both public and private assets in a total portfolio approach,ā€ saidĀ Ashu Bhalla, Partner at Moneta Ventures. ā€œWe believe Osyteā€™s approach will transform portfolio optimization across the investment industry.ā€ Ashu, will be joining Osyteā€™s Board of Directors.

Catch more Fintech Insights : Global FinTech Interview with Yaacov Martin, CEO at The Jifiti Group

[To share your insights with us, please write to psen@itechseries.com ]




āžœ Source

RELATED ARTICLES

Most Popular

Recent Comments