Analyst Hub, the New York-based “research infrastructure as a service” platform, recently announced that it has partnered with Daloopa, an AI-based provider of financial modeling tools, to provide compliance and marketing services to buy-side analysts and portfolio managers.
Newest Analyst Hub Partner
Daloopa uses artificial intelligence (AI) to build fundamentally oriented financial models that enable buy-side analysts to make better predictions of company performance. Daloopa’s proprietary technology automatically ingests and reads hundreds of company financial reports and then identifies thousands of key performance indicators (KPIs) for each company. Daloopa presents this information in text and tables, with linked citations for each data point, enabling analysts to accurately enter required data and produce their financial models in a fraction of the time it currently takes. Daloopa models update automatically, with data from earnings announcements incorporated as soon as the financial reports are filed.
The platform currently covers all US publicly traded technology media and telecommunications (TMT) companies, and plans to cover all publicly listed US companies by the end of 2020. Daloopa’s data can be integrated into a Microsoft Excel spreadsheet or accessed through an analyst’s application programming interface (API), making the data instantly available whether clients create their own financial models or download prepopulated models.
Daloopa was co-founded in 2019 by Thomas Li, a former TMT analyst from Point72; Jeremy Huang, a former AirBnB engineer; and Daniel Chen a former distributed systems researcher at Microsoft’s cloud division, Azure.
Thomas Li, co-founder of Daloopa explained that “Daloopa was born out of the frustration of the years our founders spent manually entering data as analysts. To bring our technology to market, we are excited to partner with a platform that has decades of institutional sales and compliance expertise in the capital markets. Analyst Hub has that knowledge and the right relationships with Wall Street to get Daloopa in front of the institutional investors who can benefit most.”
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