Hong Kong based AI wealth management software provider MioTech raised a $7m Series A led by Horizon Ventures, the private investment arm of Hong Kong business tycoon Li Ka-shing.
Mattel releases biologically inspired foldable robot bugs MioTech, a financial tech startup with offices in Hong Kong and Shanghai, has raised $7 million in Series A funding to develop artificial intelligence based software for investment managers. The round was led by Horizons Ventures, the private investment arm of Hong Kong business tycoon Li Ka-shing, with participation from returning investor Zhenfund. MioTech’s graph database is designed to help large financial services firms store and process terabytes of data. Its analytics engine helps investment managers combine data from a variety of sources, including market prices, news events and micro- and macroeconomic activity, and get insights to help them manage their portfolios.