Brightwave, a Boulder, Colorado-based AI financial research platform, has secured $15 million in a Series A funding round. 

Investors 

The round was led by Decibel Partners and supported by OMERS Ventures. This latest funding increases Brightwave's total capital raised to $21 million, following an oversubscribed Seed round in June. 

Decibel Partners is a venture capital firm based in Palo Alto, California. Founded in 2019, the firm invests in essential infrastructure software used by developers, data engineers, and cybersecurity teams across B2B, B2C, and technology sectors. 

Brightwave Use of Funds 

With this funding, Brightwave plans to enhance its engineering talent, expand data partnerships, and further develop its knowledge graph and reasoning engine. 

About Brightwave 

Founded by Mike Conover and Brandon Kotara, Brightwave provides an AI financial research platform designed to enhance how finance professionals gather and analyze market data. It utilizes a proprietary knowledge graph that aggregates high-quality information from various sources, such as SEC filings, earnings call transcripts, breaking news, and public internet content. The platform serves a wide range of clients, including hedge funds, private credit investors, consultancies, and large institutional asset managers. 

Funding Details 

Company: Brightwave, Inc. 

Raised: $15.0M 

Round: Series A 

Funding Date: October 2024 

Lead Investor: Decibel Partners 

Additional Investors: OMERS Ventures 

Company Website: https://www.brightwave.io/  

Software Category: Financial Research 

Source: https://www.businesswire.com/news/home/20241029778071/en/