Mumbai, Mar 17 (Agency) NSE Data & Analytics Ltd. (NSE Data), a 100 pc subsidiary of the National Stock Exchange of India (NSE), on Wednesday announced investment in Capital Quants Solutions Ltd. (CQS). CQS is a leading India based technology start-up focused on providing software products using Machine Learning (ML) and Natural Language Proficiency (NLP) that help in extracting and analyzing structured information and building machine learning models for extracting data from complex unstructured financial documents.
Commenting on the investment, Mr. Vikram Limaye, MD & CEO, NSE said, ‘The investment in CQS is a part of NSE’s program for investment in the fields of Analytics, Digital, Robotics, Security, Artificial Intelligence, Machine Learning, BlockChain etc, where start-ups require early stage financing and incubation to expand and realize their full potential. Through such partnerships with select start-ups, which have demonstrated technological potential, NSE Group aims to further strengthen its technology leadership. These fields present innovative solutions and breakthrough technologies, which could potentially change the future of capital markets in India and the world.’
‘The investment from NSE is a big landmark event in the journey of CQS. We are delighted to be an investee company of NSE group as we see a lot of synergies between what we are offering through our product FinStinct and the NSE Data’s business. Our relationship with the exchange started with NSE being a customer for our flagship product, FinStinct. Over time this relationship has grown not just in terms of the size of the engagement but has also grown at a strategic level. Today we offer cognitive automation to various functions & divisions within the exchange and we also have the exchange as an investor in us. The entire FinStinct team is quite excited to start this journey with NSE Data’ said, Mr. Pravin Lal, Founder, CQS.