OpenGamma grabs $13.3m for rick-as-a-service software

Financial services software provider OpenGamma has raised $13.3m in a new round of funding.

The investment was led by Accel and ICAP with individual investor and existing non-executive board member Cristóbal Conde also contributing.

The London-based firm offers open-source rick analytics software and recently launched a risk-as-a-service analytics suite of cloud-based tools.

Accel partner Bruce Golden said, “While OpenGamma cut its teeth on open source software, they have embraced the broader shifts in technology.

“By focusing on delivering the best-in-class cloud-based, modular solutions for the financial markets, the firm is positioning itself to become the market standard for derivatives risk analytics.”

The round brings the company’s total funding to more than $36m through a mix of venture and debt financing.

The company’s recently appointed CEO Peter Rippon said, “This investment now lets us build from these solid foundations to become a world-class partner and provider of benchmark industry solutions.”

Copyright © 2016 FINTECH GLOBAL

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