Daloopa raises $47M in Series C

Daloopa has secured $47 million in Series C funding, led by Brighton Park Capital, with additional participation from Nexus Venture Partners. The funding highlights the growing demand for reliable and auditable data infrastructures as the financial services industry increasingly integrates AI into investment workflows. This round brings Daloopa's total capital raised to $101.4 million.

Daloopa provides a structured, source-linked financial data platform, servicing more than 5,900 public companies globally. Its data infrastructure is purpose-built to improve the quality of AI-driven financial research by offering hyperlinked data directly traceable to its original sources. By addressing inconsistencies and formatting challenges inherent in web-sourced data, Daloopa claims to deliver up to ten times more data points than other providers, alongside reducing model-building time by up to 70%.

The company's clientele includes over 160 leading hedge funds, mutual funds, and major financial institutions, as well as technology companies like Anthropic, OpenAI, and Perplexity. By integrating directly into existing AI platforms, Daloopa's dataset is designed to enhance accuracy significantly—by as much as 71 percentage points over web-based data retrieval systems. The firm has seen substantial traction, doubling its revenue in the last year as financial institutions push forward with automated investment research.

This funding round occurs amid a sector-wide transformation where AI plays an increasingly central role in research and valuation processes. By focusing on data accuracy and auditability, Daloopa positions itself uniquely in an environment where the quality of underlying data is crucial. The need for structured financial data has never been more critical, as errors in AI-generated outputs can lead to costly consequences for investment strategies.

Looking ahead, Daloopa aims to expand its capabilities and continue its growth trajectory in a market that is rapidly integrating AI into operational frameworks. As firms seek to enhance their analytical capabilities, Daloopa’s platform could become indispensable, assuming it navigates regulatory landscapes and industry shifts effectively.