Former quantitative analyst and Harvard University Ph.D. candidate Daniel Nadler is not your typical startup guy.
â€œIâ€™m risk-averse,â€ said Mr. Nadler, who added heâ€™s â€œnot the type to throw on jeans and a T-shirt and launch a startup.â€
But, after feeling frustrated with tools available for â€œquantsâ€â€“quantitative analysts studying financial marketsâ€“and seeing no sign that better technology was forthcoming, he teamed with Google Inc. engineer and friend Pete Kruskall to fill the void.
The pair co-founded Kensho Technologies Inc. last spring to create a Siri-style intelligent assistant for the financial industry and have raised $10 million from Google Ventures, Accel ...view middle of the document...
It convinced Mr. Nadler that Warren was needed.
â€œEveryone on the street was trying to put their heads together to try and figure out what it meant,â€ said Mr. Nadler who was working as a visiting scholar at the time for the U.S. Federal Reserve. â€œYouâ€™ve got a financial, a political and a cyclical event. To answer any one of those requires a highly specialized quant to spend hours scrubbing data and coding.â€
The team is also in the process of building a massive unstructured geopolitical and natural world event database â€“ an undertaking that has information about hurricanes for example, but not yet about earthquakes.
Mr. Nadler said although the software is still â€œbrittleâ€â€“he likened it to Google search in its early daysâ€“it has still attracted a diverse and organic following among his target audience.
â€œWe have people with email addresses from Goldman Sachs, Morgan Stanley, Citigroup, Bank of America, JP Morganâ€¦ literally every major bulge bracket...