Comparables.ai raises $700k to build an AI-augmented company analysis platform
HELSINKI, January 26, 2022 – Comparables.ai, a global company analysis platform, announced a $700k pre-seed funding round backed by a notable group of Nordic investors with experience in finance and SaaS. The group includes investors such as Nidoco AB, Peter Seligson, Kari Stadigh, Tomas von Rettig and Hannu Kytölä, among others.
“We are thankful and proud to have the support of such an experienced group of investors. With the funding, we will continue to invest heavily into our AI, its usability, and the scope of data that our users can leverage on the platform,“ states the founding team.
Helping finance professionals find and analyze companies quickly and intelligently
Comparables.ai is reshaping how industries are defined and analyzed. Focused on providing ground-breaking company search and recommendation technology, the company seeks to eliminate costly, time-consuming and inaccurate research inefficiencies currently common in the finance and consulting industries.
“Finance professionals spend a lot of time manually researching new markets. It’s been a needlessly tough and subjective task to understand the market dynamics and its niches, including identifying key players, such as competitors, acquisition targets, potential buyers, customers, suppliers, distributors, etc. We created an AI to help answer these questions quickly and accurately.”
Partnered with Morningstar, a leading provider of independent investment research, Comparables.ai uses AI and machine learning to analyze over 50k publicly traded companies worldwide. The product is currently in beta testing, and early adopters can save working hours, add substance and gain data-driven accuracy to their research.
Founded in 2021, Comparables.ai had a strong first year, growing from the four-person founding team to an 11-person team and launching the beta version of its platform in September. The platform is already being adopted by professionals in hundreds of organizations in over 40 countries.
About Comparables.ai
Comparables.ai is a rising fintech startup focused on providing ground-breaking peer identification and recommendation technology to help financial professionals save time and improve analysis quality. Comparables.ai is quickly gaining recognition as the kick-start analysis platform for corporate valuations, benchmarking, market analysis and M&A screening.
To learn more about the company accelerating the new age of analytics, visit www.comparables.ai.
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For more information, please contact the founding team
Niko Nalli
CEO & Co-founder
+358 40 0434959
niko@comparables.ai
Martin Kangasniemi
Co-founder
+358 40 8656505
martin@comparables.ai
Markus Vesala
Co-founder
+358 40 0199645
markus@comparables.ai
Muhammad Ammad-ud-din
CTO & Co-founder
+358 50 4302599
ammad@comparables.ai
