Tuesday, August 14

Moody’s picks up minority stake in French AI startup

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Moody’s is picking up a strategic minority investment in QuantCube Technology, which does real-time, AI-based predictive analytics for corporate clients, financial institutions, and investment managers. Financial details of the deal were not disclosed.

The French AI firm was praised in particular for its ability to handle a wide variety of data by Rob Fauber, President of Moody’s Investors Service in a statement.

Moody’s Investors Service (MIS) provides credit ratings and research covering debt instruments and securities.

MIS launched its Analytic and Technology Solutions group in 2017 to develop quantitative models and analytical tools for use in the rating process, and expand technology activities such as advanced capabilities in machine learning and artificial intelligence.

Based in Paris, QuantCube does macroeconomic analysis, investment analysis and real-time analytics and data visualization, which draws upon large volumes of unstructured data across multiple sources to create forward-looking indicators.

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