OpenGamma

OpenGamma

  • FOUNDING YEAR: 2009
    LOCATION:
    United Kingdom
    REGION:
    England
    Last Update:
    19 Dec, 2019

Description

FOCUS

PRODUCTS & SERVICES:
OpenGamma helps financial services industry by providing an open-source platform called Strata which enables derivatives risk management and analytics solutions specifically for the use in the derivatives OTC markets. The company refers to its solutions as "Risk as a Service" that encompasses ETD & OTC margin calculations, bilateral OTC margining, and derivatives MTM & Greeks calculation. It allows users to use Strata and create customize solutions for their analytics platform.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Financial Services companies
EXISTING PARTNERSHIPS:
Activ Financial, Catena Technologies, ReformIS, Risk Focus, Riskcare, Cloudsoft, MathWorks, QuantCell, CloudMargin
COMMENT
The company is planning to offer a cost-effective and nimble alternative to legacy, enterprise-wide platforms by using an innovative range of software-as-a-service (SaaS) solutions based on an open source library of standardized derivatives pricing and risk models.

PEOPLE

MEDICI analysts will analyze OpenGamma soon

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$47.45 Millions
DATE OF LAST FUNDING:
Feb 2017
TOTAL FUNDING COMMENT:
The company will use the funds to address the increasing demand from financial institutions for more efficient use of capital and technology resources. (Feb. 2017)
FUNDING SERIES:
SERIES A
$2.15 Millions Closed: Jul 2009
SERIES B
$6 Millions Closed: Jan 2011
SERIES C
$15 Million Closed: Aug 2012
SERIES D
$13.3 Millions Closed: Oct 2016
SERIES E
$10 Million Closed: Apr 2019
Others
$1 Million Closed: Jan 2017
DEBT FUNDING:
$2.75 Millions
LISTED:
NO
COMMENT:
Venture funding: $1 M(Feb 2017). Series D: $13.3 M (Oct 2016). Debt Financing: $2.25 M (Feb 2016).

MOST VIEWED RESEARCH


RECENT RESEARCH