Raising Cannes

Since last post we’ve seen 4 M&A deals, 5 funding rounds, 1 new company, 6 people moves & promotions, 11 roles, 1 (big) legal & regulatory matter, 4 articles, and 1 poll. I posted about roles (and Cannes) here and apparently yacht pics got the algorithm on my side with 148 likes as of this publication. Check it out and please comment any roles your team is hiring for.

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M&A

• MSCI acquired First Street (climate risk data and analytics)

• Parabellum Investments acquired Crux (data management)

• Thrive acquired Incentiv (executive compensation data)

• Wood Mackenzie acquired LandGate (land and energy intelligence)

_{*Deals are announced but may not be closed.}

Funding

• Allium (blockchain data for finance) raised $40M in a Series B led by Amplify Partners

• Caplight (private markets data) raised $16M in a Series A led by BlackRock and Fin Capital

• Kled AI (data marketplace and licensing) received a $3M investment from The DATA Foundation

• MDOTM (AI-driven investment solutions) raised $27M in a Growth Equity round Led by Expedition Growth Capital

• ServeusAI (data collection) raised a Pre-Seed round

• Taste Labs (data and infrastructure for AI taste) raised $18.5M in a Seed round led by Amplify Partners and CRV.

New Company Alert

Quorum is the intelligence layer for the independent voices shaping public markets. The premise (which I agree with and see with my own newsletter) is that most critical market analysis no longer originates on sell-side desks. It lives in a fragmented ecosystem of independent analysts, investors, and researchers publishing directly to their audiences. The company is founded by Zach Hascoe (prior Robinhood, Say Technologies, WisdomTree) who published the launch note here.

People Moves, Promotions, and Appointments

• Scott DiPisa joined Arcesium as SVP, Head of Commercial Partnerships

• Anthony Fossati was promoted to Director, Head of Americas Real Time Sales at FactSet

• Spiros Giannaros joined Gresham as CEO

• Mansi Kapadia joined Schonfeld as Head of AI

• Dan Parker joined LexisNexis as Head of Global Sales, Nexis Solutions

• J.D. Williams joined GE Healthcare as SVP, Chief Data & Analytics Officer

*may not have started roles, but roles are announced or updates provided online.

Who’s Hiring

• Aon is hiring a Head of Product - Equities

• Bloomberg is hiring a Product Management Lead, Data Activation - CTO Office ($235K - $350K)

• Bridgewater is hiring a Data Ranger ($170K - $225K)

• CB Insights is hiring a Senior Product Manager, Data Strategy ($125K - $160K)

• Cboe Global Markets is hiring a Director, Head of Data Partnerships ($196K - $288K)

• Clearwater Analytics is hiring a Head of Private Data Products ($170K - $280K)

• Legora is hiring a Senior Director of Data Analytics and Business Systems ($268K - $315K)

• Ralph Lauren is hiring a Head of Data Product Management ($130K - $267K)

• Standard Metrics is hiring in Customer Success ($140K - $190K)

• State Street is hiring Global Head of Data Architecture, SVP ($225K - $337K)

• TD is hiring a Director - Global Research Business Management ($250K)

*salaries only listed where provided by the company and may vary based on location and other factors. See links for specific salary details.

Legal, Regulatory & Compliance

Perhaps the biggest data / privacy news this week is the Supreme Court’s ruling on Chatrie v. United States:

• Court rules that law enforcement’s use of “geofence warrant” was a “search” by Amy Howe

• In major privacy win, Supreme Court rules geofence warrants are protected by privacy rights by Zack Whittaker and Lorenzo Franceschi-Bicchierai

• Full Supreme Court opinion here

What I’m Reading

• Information Vendor AI Stalemate: A Problem We Cannot Afford to Ignore by Emma King (who I was fortunate to join for a panel discussion at KIMRA)

• Data Doesn't Decide, Leaders Do by Fiona McDonnell

• On Data Quality: A systematic way to think about data quality by Abraham Thomas

• How to unlock the full value of your data by James Evelegh

Upcoming Events

*new events added since last newsletter

• BattleFin Montauk, Aug 10-11, Montauk, NY

• Boston Fintech Week, Sep 21-25, Boston

• World Financial Information Conference (WFIC), Oct 11-14, Copenhagen

Favor

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Views here are the author’s own and not of any employers or companies. The author may be compensated for pieces in this newsletter.