This funding round has closed
KiteEdge Apex - Enterprise Search for Asset Managers
0% of minimum goal raised
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Lead investor: Amar Rajani |
Minimum Target £ 450,000 |
Minimum investment amount £ 5,000 |
Maximum Target £ 799,920 |
Maximum investment amount £ 800,000 |
KiteEdge is building Apex, a cutting-edge Search Engine designed for professionals. Rather than providing yet another 'external marketplace' that covers a small subset of content, Apex connects each person to their entire content universe by intelligently re-tagging information from ALL their licenced and free sources. This approach removes the need for logging into multiple vendor platforms, saving time, and helping to create Alpha through highlighting insights that would otherwise have been missed. Kite Edege are focussed on Asset Managers as: there is a regulatory tail wind; they have relationships at a senior level in the space; and there are high barriers to entry for legacy vendors.
Apex: connects to all content sources (Email, Research, SEC Filings, Web Content, Internal Documents etc.); standardises the information; identifies each article/paragraph; re-tags the content with an industry & client customised Ontology (this is important and market leading); and then provides a UI that makes it super easy for users to search and setup alerts that take them to insight buried deep within their total corpus.
It is subscribed to either at a desk level or at an Enterprise level. As content consumption is centralised, Kite Edge is unique in providing: access to ALL content with a single password; and unified reporting that can be used for cost management and compliance need
Information Overload - Execs have little time to make decisions as insight is hard to find due to content being located across many portals (or fire-hosed over email). Should they remember ~60 passwords, they then need to master different (and poor) search/alerting systems. Net result is that 95% of content is left unread.
Financial Regulation (MiFID II) - This content (mostly investment research) costs $20bn p.a. and is paid for with CLIENT money. The regulator now requires new processes by Jan 2018. It is costing $2bn for the industry to comply with there being no clear solutions.
Leveraging IP across an Enterprise - it takes ~2 years for a starters skills to be known.
Apex operates a SaaS model charging subscription fees (as the primary revenue stream), plus non-recurring fees for implementation (consultancy, connection of internal data-stores, and building of queries/topics for non-standard requirements).
Price points have been tested with prospects and relate to the standard fee for research, and/or Enterprise search services. Our average cost per head compares favourably to the terminals. Prior to including amongst bundled services, the aggregation components of TR and S&P Cap IQ were priced around the USD 6k level. Apex cost per user is circa USD 4.2k
Average order values: cost per desk - £34k; cost per Enterprise £350k.
Apex: connects to all content sources (Email, Research, SEC Filings, Web Content, Internal Documents etc.); standardises the information; identifies each article/paragraph; re-tags the content with an industry & client customised Ontology (this is important and market leading); and then provides a UI that makes it super easy for users to search and setup alerts that take them to insight buried deep within their total corpus.
It is subscribed to either at a desk level or at an Enterprise level. As content consumption is centralised, Kite Edge is unique in providing: access to ALL content with a single password; and unified reporting that can be used for cost management and compliance need
Information Overload - Execs have little time to make decisions as insight is hard to find due to content being located across many portals (or fire-hosed over email). Should they remember ~60 passwords, they then need to master different (and poor) search/alerting systems. Net result is that 95% of content is left unread.
Financial Regulation (MiFID II) - This content (mostly investment research) costs $20bn p.a. and is paid for with CLIENT money. The regulator now requires new processes by Jan 2018. It is costing $2bn for the industry to comply with there being no clear solutions.
Leveraging IP across an Enterprise - it takes ~2 years for a starters skills to be known.
Apex operates a SaaS model charging subscription fees (as the primary revenue stream), plus non-recurring fees for implementation (consultancy, connection of internal data-stores, and building of queries/topics for non-standard requirements).
Price points have been tested with prospects and relate to the standard fee for research, and/or Enterprise search services. Our average cost per head compares favourably to the terminals. Prior to including amongst bundled services, the aggregation components of TR and S&P Cap IQ were priced around the USD 6k level. Apex cost per user is circa USD 4.2k
Average order values: cost per desk - £34k; cost per Enterprise £350k.