Posted on Sep 12, 2017 in Press
Triton, the developer of a financial data and analysis platform that uses technology to power data-driven investment and acquisition decisions, announced an investment today from the D. E. Shaw group.
The financing will further development of Triton’s intelligence platform, which capitalizes on the recent phenomenon of geometrically-expanding and diversifying data to understand companies in atomic detail. Innovative companies are often difficult to analyze with traditional data and accounting systems, and Triton seeks to make capital allocation to this growth sector more rational and data-driven.
“We are delighted to work with Triton to explore new data methodologies for finance,” said Alexander Wong, a managing director at the D. E. Shaw group.
“Triton is excited to welcome the D. E. Shaw group as its first institutional investor, joining individual investors experienced in financial data and financial services, and furthering our goal of producing scaled and institutional-grade data solutions,” said Triton CEO Rett Wallace. “The D. E. Shaw group’s position as an innovator in financial technology aligns perfectly with our mission at Triton.”
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