Mars Growth, a Liquidity Group Fund, Provides AI Company Eureka with Growth Capital Funding
December 02 2021 - 3:00PM
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.
www.liquiditygroup.com
About Eureka:
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.
www.eureka.ai
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version on businesswire.com: https://www.businesswire.com/news/home/20211202005894/en/
Jared Shapiro - jared@thetagexperience.com
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