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Mars Growth, a Liquidity Group Fund, Provides AI Company Eureka with Growth Capital Funding
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Mars Growth, a joint venture fund between Liquidity Group and MUFG, has provided growth funding to Eureka. This company specializes in utilizing artificial intelligence and machine learning to harness alternative data for enhancing customer understanding and acquisition. With offices in eight cities across multiple continents, Eureka’s products focus on financial intelligence, leveraging telecom and alternative data for risk scoring and market intelligence. The funding is expected to support Eureka’s rapid growth and expansion of its offerings.
Positive
Mars Growth provided significant growth funding to Eureka.
Eureka specializes in AI and machine learning, focusing on alternative data utilization.
Funding will support Eureka’s rapid growth and business expansion.
Negative
None.
NEW YORK--(BUSINESS WIRE)--
Mars Growth, a Liquidity Group and MUFG joint venture fund, has provided growth funding for Eureka, a leader in unlocking the vast amount of alternative and open data available with artificial intelligence and machine learning to allow leading enterprises better understand and serve their existing customers and attract new customers.
“We move quickly to provide funding to growth-stage companies creating value in their vertical,” said Ron Daniel, CEO and co-founder of Liquidity Group. “Our machine learning system enabled us to fully evaluate and fund Eureka’s big data A.I. to improve and enhance customer experiences.”
Founded in 2016, Eureka has offices in eight major cities in Asia, the US, the Middle East, and Africa. Eureka software products allow companies to derive intelligence at scale by applying AI and machine learning to large scale external and internal data sets and combining them. Eureka’s financial intelligence products enable credit and risk scoring by leveraging telecom and alternative data, as well as open banking and transaction data. Its market intelligence products provide the largest continuous market research panel in a country for digital and location intelligence. Eureka’s DS2 Feature Store and AI Learning Fabric provide data scientists the tools to deliver data science at scale. Eureka works with Fortune 500 companies in telecom, banking, insurance, e-commerce and transport.
“Eureka’s growth is fueled by their high-tech approach to turning mobile and alternative data into intelligence at scale,” said Satoshi Richard Terai, Investment Manager at Mars Growth. “Liquidity’s technology-driven strategy gives us an understanding of the financial needs of high-growth companies like Eureka. We utilize our machine learning due diligence platform to analyze and deploy capital, and we look forward to supporting other great tech companies in the future.”
“The Liquidity team provided funding that will fuel our continued rapid growth as we scale our business,” said Eureka CEO Benjamin Soemartopo. “From day one, the process was effortless. The financing will enable us to expand our offerings to provide the intelligence our customers need.”
About Liquidity Group:
Founded in 2018, the Liquidity Group is a global capital market credit automation company and fund manager providing growth capital through funds focused on the US, Asia, Europe, and the Middle East. Liquidity Group’s subsidiary fund, Singapore-based Mars Growth Capital, and its partner MUFG [MUFG:NYSE] jointly handle the company’s South East Asia activity. It combines real-time data with proprietary machine learning technology to offer tailored financing that matches a company’s future growth. Liquidity Group operates three main divisions: Analysis, Capital, and Market Syndication, which together provide global lenders a complete cycle of scaled and quick credit deployment.
Eureka is an enterprise software company whose products allow companies to derive intelligence at scale by applying AI and Machine Learning to large scale external and internal data sets and combining them. Eureka’ financial intelligence products enable credit and risk scoring leveraging telecom and alternative data as well as open banking and transaction data. Eureka’s market intelligence products provide the largest continuous market research panel in a country for digital and location intelligence. Eureka’s DS2 Feature Store and AI Learning Fabric provide data scientists the tools to deliver data science at scale. Eureka works with Fortune 500 companies in telecom, banking, insurance, ecommerce and transport and has offices across Asia, the Middle East, Africa and the United States.
