New York; September 1, 2020 – Cloud9 Technologies has been named to CB Insights’ third annual Fintech 250, its ranking of the most promising private financial technology startups in the world. This is the second consecutive time that Cloud9 has been named to the prestigious list, where the Company has been recognized among the best in Capital Markets.
Through an evidence-based approach, the CB Insights Intelligence Unit selected the Fintech 250 from a pool of 16,000 companies, including applicants and nominees, based on several factors. These factors include patent activity, investor quality, news sentiment analysis, proprietary Mosaic scores, market potential, partnerships, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies to help predict a company’s momentum.
“We’re proud to, once again, recognize the 250 best private fintech companies globally. This year’s Fintech 250 represents 25 countries and spans 19 categories — reimagining everything from retail banking and crypto, to insurance and asset management,” said CB Insights CEO Anand Sanwal. “The previous Fintech 250 class raised more than $22 billion in investor financing and saw more than 20 exits after being recognized, and we expect this year’s class will have similar success as they continue to transform how people and businesses spend, save, borrow, and invest their money.”
“The financial technology landscape is evolving rapidly, especially with what has transpired this year and how firms have had to adjust their technology approach and strategy due to the shifting working conditions,” said Jerry Starr, CEO & co-founder of Cloud9 Technologies. “To be recognized among the most innovative fintech companies in the world is a tribute to the fantastic work our team has done this year.”
2020 Fintech 250 Highlights:
- Unicorns: 32 of the 250 companies are valued at or above $1B as of their latest funding round
- Funding trends: YTD, these 250 private companies have raised $10.3B in equity funding across 120 deals (as of 8/26/20)
- Mega-rounds: Since 2019, there have been 87 mega-round ($100M+) equity investments to this year’s Fintech 250, with 35 of them in 2020 YTD (as of 8/25/20)
- Global representation: 46% of the 2020 Fintech 250 are based outside the US. After the US, the UK is home to the most Fintech 250 companies (38), followed by India (20)
CB Insights released its last Fintech 250 in October 2018, where Cloud9 was featured the best in Capital Markets & Institutional Trading.
About CB Insights
At CB Insights, we believe the most complex strategic business questions are best answered with facts. We are a machine intelligence company that synthesizes, analyzes and visualizes millions of documents to give our clients fast, fact-based insights. Serving the majority of the Fortune 100, we give companies the power to make better decisions, take control of their own future, and capitalize on change.
By Emilia David, WatersTechnology
As head of product management at Cloud9 Technologies, Reeba Mathen is responsible for the firm’s entire product vision. With the strong performance of Cloud9 this past year, it is no wonder that Mathen has won the technology innovator of the year (vendor) category in this year’s Women in Technology and Data Awards.
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LONDON, February 26, 2020 — IPC, a leading global provider of secure, compliant communications and networking solutions for financial market participants, and Cloud9 Technologies, a leader in cloud-based communications, today announced that their integrated voice-trading platform has won the “Best Cloud-Based Trading Data Management Solution” category at the TradingTech Insight Awards Europe 2020. IPC and Cloud9 received the award at a ceremony on February 25, 2020 in London.
“We dedicate this award to our customers, who have rapidly embraced the transformative voice trading platform IPC has built in conjunction with Cloud9,” said Bob Santella, Chief Executive Officer, IPC. “We knew that by working together, the IPC and Cloud9 platform would become the number one choice for traders globally.”
“We had one goal with this partnership, and that was to empower financial firms to build smarter and more profitable trading strategies,” said Gerald Starr, Chief Executive Officer, Cloud9. “It’s immensely rewarding that the industry at large already recognizes the value delivered by the IPC-Cloud9 integrated trading solution.”
Rapidly being deployed around the world, the IPC-Cloud9 platform provides the global trading community with a unified solution for endpoint connectivity, mobility, advanced data analytics and business continuity planning. The integrated cloud-based service unites IPC’s Unigy™ trading communications platform and Connexus™ Cloud global financial ecosystem with Cloud9’s C9 Trader™ voice communications and analytics platform.
Produced by A-Team, the TradingTech Insight Awards Europe emphasize operational and product excellence in financial trading technology and reflect the different challenges facing market practitioners and suppliers as they seek to develop trading and data solutions in the rapidly changing European marketplace. The shortlist was selected by the TradingTech Advisory Board, as well as A-Team’s editorial team, with the winner voted for by the TradingTech Insight readership.
IPC is a technology and service leader powering the global financial markets. We help clients anticipate change and solve problems, setting the standard with industry expertise, exceptional service and comprehensive technology. With a customer-first mentality, IPC brings together one of the largest and most diverse global financial ecosystems spanning all asset classes and market participants. As the enabler of this ecosystem, IPC empowers the community to interact, transact and react to market changes and challenges, and we collaborate with our customers to help make them secure, productive, compliant and connected.
About Cloud9 Technologies
Cloud9 Technologies is the leading voice communication and analytics platform designed for the unique needs of the financial markets. Cloud9 developed a solution that harnesses the voice communication talk path for the trading floor of the future – offering more functionality and analytic insight than legacy hardware at a fraction of the cost. Cloud9 connects counterparties across all asset classes via a cloud-based communication platform that eliminates the infrastructure and expense associated with legacy hardware and telecommunication-based solutions, with front-office focused data and transcription, purpose-built for the financial markets. For more information, visit: www.c9tec.com.
Certain statements contained in this press release may be forward-looking statements. Any forward-looking statements are based on current expectations, assumptions, estimates and projection and involve known and unknown risks and uncertainties. Actual results may differ materially from any future results expressed or implied by these forward-looking statements.
Cloud9 has been named a finalist in the 2020 FTF News Technology Innovation Awards in the category of Best Cloud Computing Solution!
The FTF News Technology Innovation Awards celebrate and recognize the individuals, fintech vendors and regulators that have made significant strides and noteworthy achievements in operational excellence over the last 12 months.
Winners are selected across 29 categories through reader voting, which is now open until April 17.
Show your support and cast your vote for Cloud9 as the industry’s Best Cloud Computing Solution!