Sentieo, a fintech startup, announced on Tuesday that it has raised $20 million in its Series B round of funding, led by Ten Coves Capital and including existing investors Centana Growth Partners and Studio Management.

Sentieo, Inc., founded in 2012 by Naman Shah Alap Shah, provides software solutions. The company provides a cloud-based financial data platform that allows analysts to search, collaborate, and automate key aspects of their workflow. Sentieo has customers all over the world.

Sentieo, based in the United States and India, has now raised $62 million in total capital. Sentieo currently employs 175 people, with more than 120 working in Delhi Office.

“With the incredible adoption of the Sentieo platform it is clear we are experiencing a massive shift in how financial and corporate research is executed. We see a huge opportunity to replace hard-to-use and expensive point solutions that slow down the journey to uncover competitive insights," said David Lichtblau, chief executive officer of Sentieo.

Sentieo is trusted by over 1,000 clients worldwide, including Schroders, Magellan Asset Management, and Roivant Sciences, to provide the insights, speed, and confidence they require to make informed strategic decisions.
Ten Coves Capital's founder and Managing Partner, Ned May, will join Sentieo's board of directors.

"Sentieo’s mission is to deliver the best platform for analysts to conduct research and execute better corporate and investment strategies. By combining all the elements of fundamental research into one seamless, AI-supported workflow, analysts can save time and discover new insights that will catapult their organisation ahead of the competition. Sentieo has a huge opportunity ahead of it and we are excited to be part of that," said May.

Sentieo's latest investment will allow it to accelerate the digital transformation of financial and corporate research.

Currently, the company serves over 1,000 enterprises worldwide, including 800 institutional investment firms.