Recent articles, postings, and press releases about SkyGrid.
The Deal: RRE Ventures reaches out to next generation of entrepreneurs by Mary Kathleen Flynn
RRE Ventures may be the best-kept secret of the East Coast venture capital community. The prestigious New York VC firm, which was established nearly 15 years ago, is well known to other investors but rarely covered by the media.
The firm often chooses entrepreneurs with a track record, especially ones RRE has backed before such as David Riker whose Storm Exchange Inc. is his third company and the second one RRE has invested in, but the firm is not afraid of first-time founders, such as SkyGrid’s Pomplun.
Alpha: New Tools to Manage the Vast Flow of Market News by Katie Gilbert
SkyGrid has taken what may be a more ambitious route. Instead of gathering news from established publishers, it plumbs the chaos of the Internet, sifting through an ocean of data to find information that meets portfolio managers’ and traders’ needs. The endeavor can only benefit from a Securities and Exchange Commission ruling in July that gives corporate blogs status as official sources for fair-disclosure compliance.
Trader Daily: The Tip Sheet by Chris Gillick and Michael Martin
If you’ve been struggling to solve the proverbial conundrum of how to take a sip from a fire hose without having your lips blasted off, a new Web-based info aggregator called SkyGrid (http://www.skygrid.com; subscriptions start at $500 a month) just might be the solution. It’s constantly updated and delivered in real time. The three-year old company’s clients include a smattering of large hedge funds.
Investment Dealers’ Digest: Blogging And The SEC, by Joshua Hamerman
Kevin Pomplun, founder and chief executive of SkyGrid, a streaming financial news and data platform provider, says the ruling has prompted more demand from SkyGrid customers–equity research analysts, sales and trading professionals, hedge funds and portfolio fund managers–for blog tracking. “The focus on blogs has sharpened because of this,” he says. “It used to be that investors only needed to have all the traditional information available from a company, but now they need to know about blogs.”
Total Alternatives: SEC Blog Ruling Puts Screening Co. In Spotlight, by Sarah Ilene Klein
Total Alternatives: SEC Blog Ruling Puts Screening Co. In Spotlight, by Sarah Ilene Klein
With the recent U.S. Securities and Exchange Commission ruling that Website postings are an acceptable form of corporate public disclosure, Sunnyvale, Calif.-based SkyGrid believes its services may be more useful than ever to hedge fund managers. SkyGrid is a web-based tool that gathers and sorts financial information according to subject, sector, sub sector, sentiment and other search parameters.
Industry veteran Buzzy Geduld, CEO of Cougar Trading, which runs a long/short equity hedge fund, said that both analysts and traders at Cougar use SkyGrid and are finding it tremendously useful. “Investing is predicated on good and sound information and it’s important to get the information as quickly as it is disseminated,” he added. Pomplun said that SkyGrid is constantly evolving as users make suggestions for what would make it more effective.
Reuters: SEC Web guidelines vex press release services
One start-up, SkyGrid, has received an uptick in inquiries since the SEC’s guidelines came out, Chief Executive Kevin Pomplun said… “We don’t think the newswires are going anywhere,” he said. “We’re giving (investors) something outside of what they’re already getting today.”
TheDeal.com, Clifford Carlsen
Financial news service SkyGrid Inc. parlayed a sterling list of startup and Series A investors and a strong initial product launch to raise $11 million in its first institutional round, which was expected to be announced Wednesday, Aug. 6. RRE Ventures of New York led the Series B round, which included investment manager BlackRock Inc. of New York and previous backers.
TheDeal.com’s Behind the Money | Tech Confidential, Mary Kathleen Flynn
Behind The Money, Episode 38: Kevin Pomplun of SkyGrid
“There is more information than ever before that will affect a stock’s price,” says Pomplun, 26. SkyGrid gathers information from more than 10 million sources, including blogs and more traditional news services.
VentureWire.com, Arwen Ungar
SkyGrid Lands $11M To Cull News For Investors.
Financial news service SkyGrid Inc. parlayed a sterling list of startup and Series A investors and a strong initial product launch to raise $11 million in its first institutional round, which was expected to be announced Wednesday, Aug. 6.
Reuters: SkyGrid Closes $11M Round of Series B Funding Led by RRE Ventures & Including BlackRock,…
James D. Robinson III, RRE Co-Founder and General Partner and Former CEO of American Express, Joins SkyGrid Board. Investment management firm BlackRock also participated in the round, along with a prestigious group of investors from both Wall Street and Silicon Valley. Previous venture investors include Draper Fisher Jurvetson and Esther Dyson, among others.
Jody Kochansky, Managing Director and Head of US Equity Trading at
BlackRock, said: “As a leading global asset management firm, access to
the vast wealth of information on the Internet is critical to our
investment approach. SkyGrid makes this information easy to access and
actionable, providing immediate and tangible benefit to our asset
management clients.”
Market Watch: SkyGrid Closes $11M Round of Series B Funding Led by RRE Ventures & Including BlackRock, Other Elite Investors
SkyGrid also announced that James D. Robinson III, Co-Founder and General Partner at RRE Ventures and former Chairman and Chief Executive Officer of American Express Company, has been elected to the company’s board, joining SkyGrid Founder and Chief Executive Officer Kevin Pomplun and Junglee Founder Rakesh Mathur.
FOXBusiness.com: SkyGrid closes $11M Round of Series B Funding Led by RRE Ventures & Including Blackrock, Other Elite Investors
SkyGrid, a real-time search, filtering, and personalization platform for news, today announced the successful close of $11 million in Series B funding led by RRE Ventures. Investment management firm BlackRock also participated in the round, along with a prestigious group of investors from both Wall Street and Silicon Valley. Previous venture investors include Draper Fisher Jurvetson and Esther Dyson, among others.
Securities Industry News: Blogging Filters Bringing Order to Chaotic Content
SkyGrid CEO Kevin Pomplun describes his company’s offering as a “next-generation information platform” that employs natural-language processing algorithms and complex event processing technology to provide institutional investors with streaming Web content. The service, which continually combs millions of blogs, Web sites, newspapers, newswires, press releases and other content, can also be personalized. “If you only want the service to filter blogs it can do so,” says Pomplun. “If you want it to exclude blogs, it can do that too.”
Wall Street & Technology: SkyGrid Aggregates, Filters News for the Street
Traders, institutional investors, research analysts – really, who doesn’t want to be able to see the latest news related to companies in which they’ve invested in or might want to invest?
Financial Week: There’s info-arbitrage in cyberchatter by Carleen Hawn
SkyGrid uses Web crawlers and search algorithms to amass thousands of financial news stories on a topic or company. But SkyGrid does something no other aggregator does: It applies another set of algorithms that filter for semantics and natural language, to quickly convey to clients the actual tone of the news. Most important for investors, SkyGrid also indicates how that mood is changing in real time.
MONEY 2.0
One year later, the connections between Wall Street and Web 2.0 are getting stronger and moving in surprising directions. SkyGrid gives hedge fund managers and research analysts tools to measure market sentiment in real-time.
Marc’s Voice: Mid-February posts
SkyGrid is public now - congrats to Kevin on staying stealth for almost two years. They’re a former client of ours - and I’ll be posting more about this technology - later.
Infectious Greed: linkfest — 02/13/08: Skygrid
The Money:Tech-launched SkyGrid gets some press.
GigaOM: SkyGrid Finds Gold in the Wisdom of the Webs
If you’re like me, overwhelmed by the number of news sources you have to consume daily just to stay current (I confess to a love-hate relationship with my RSS reader), then Kevin Pomplun has a product for you: a news aggregator so clever, you don’t even have to read headlines to keep your finger on the pulse.
uncivilsociety.org: Should a charity invest in Skygrid?
. . . and persuade it to add nonprofits to the mix? More on Skygrid, one of the hottest biz startups on the web, from GigaOm. Something like this could really be useful for nonprofit strategic design.
Burnham’s Beat: SkyGrid and the Emergence of Flow-Based Search
Simply put, SkyGrid represents a massive and exciting departure from traditional search architectures and technologies. If I had to sum it up in a word, I would say that SkyGrid represents what I consider to be one of the first “flow based” search architectures, while traditional search engines are “crawl based” architectures.
FT.com ALPHAVILLE: Filtering the noise and creating the Signal
One of challenges of such data mining - or finding Alpha through algorithms, if you will - is determining what is relevant to a given investment strategy. Or as Kevin Pomplun, founder and chief executive of SkyGrid, put it: “the firehose of data out there makes it difficult to find the news.”
At Money:Tech – Building a Better Information Beast
Apparently we’re all news junkies – and that’s a hard thing to avoid, especially on the Internet. So how do we deal with all the information coming at us? That was the theme of this Money:Tech session featuring Randall Winn (Capital IQ), Robert Passarella (Bear Stearns), Kevin Pomplun (SkyGrid), and Renny Monaghan (Salesforce.com).
RIApedia: Adobe Posts 4 New Flex Customer Showcase Stories
Adobe has posted four customer success stories of large companies that are using Flex. All four of them are in the financial services sector. There are new articles about Robeco (investment services provider in the Netherlands), Rheinishcher Sparkassen und Giroverband (a German bank), eTrade Germany and SkyGrid. Skygrid’s StormWatch application received an honorable mention at the Adobe MAX Awards.