Sequentum, a web extraction and automation solution, has received an equity investment from WorldQuant Ventures.
The firm was joined by a group of unnamed strategic investors, with the transaction expected to be finalised by the end of the year.
California-based Sequentum develops software for web data extraction and automation, helping to build consulted and managed data services. The company’s technology can be used for a range of services including, price comparison portals, data aggregation, market intelligence and monitoring, government solutions, background checking, content integration and B2B integration.
This capital injection will allow Sequentum to scale its business operations in the US, and to speed up the launch of new technology. One of the new solutions the company is looking to launch is the cloud version of ‘Content Grabber’, which is Sequentum’s data extraction software.
WorldQuant Ventures managing director Steven Lau said, “We believe that Sequentum’s Content Grabber technology is best in class and separates Sequentum from its competitors.â€
Last year, WorldQuant led the $3m funding round into financial news and data platform Benzinga. The US-based company raised the funds to expand its infrastructure to offer new content and data services.
Some of the other companies in WorldQuant’s portfolio include, insurance compliance solution provider CerTrax, pre-IPO stock platform EquityZen and RegTech 100 company Trunomi.
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