London-based fintech Quanted has raised a new funding round to enhance its data validation platform. Investors include Flixfounders and Tenity, focusing on expanding their engineering team.

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Quanted is a London-based fintech company that has developed a data infrastructure platform aimed at streamlining and accelerating data validation in quantitative finance. The platform helps hedge funds and quant teams onboard, test, and evaluate new datasets swiftly and accurately, addressing inefficiencies in data trials. Quanted's tools are integrated directly within the quant team's environment, incorporating advanced machine learning models and data integration scripts. The company aims to enhance data trial capabilities as alternative data becomes increasingly significant in the financial industry.