AI-Funded Platform: Secures $13 Million Investment for Advanced Data Foundation
Daloopa Secures $13 Million to Enhance AI-Powered Financial Data Platform
Daloopa, an innovative AI-powered financial data platform, has announced it has raised $13 million in funding. The investment will be used to expand Daloopa's AI-driven financial data platform, focusing on enhancing the integration with large language models (LLMs) and AI agents in the financial services sector.
The funding round included both existing and new investors, such as Pavilion Capital. Thomas Li, CEO of Daloopa, expressed his excitement about the trust placed in Daloopa by Pavilion Capital.
The primary goal of the investment is to strengthen Daloopa's ability to deliver trusted, AI-ready financial data integrated with LLMs via its Model Context Protocol (MCP). This infrastructure provides up to ten times more datapoints per company than typical providers and links every datapoint to original sources such as regulatory filings, footnotes, presentations, and earnings transcripts.
The MCP solution ensures LLMs working with financial data can avoid hallucinations by providing deeply sourced and verified information, compatible across platforms like OpenAI’s GPT, Claude, and custom GPTs. This allows practical application in financial workflows including valuation, scenario modeling, and earnings comparisons.
Li highlighted the importance of maintaining data integrity while scaling AI tools, which Daloopa aims to achieve. Each data point in MCP is directly linked to its source, ensuring full auditability. This feature is crucial for financial institutions, as it meets the growing demand for high-integrity, audit-ready data for AI-driven research and investment decisions.
With the funding, Daloopa plans to use the raised funds for enhancing its products, expanding LLM integrations, and boosting AI research. The aim is to create more reliable, scalable financial AI tools, addressing common AI challenges in finance, such as hallucinations and data inaccuracies.
Moreover, the MCP has been integrated with Anthropic's Claude and is compatible with various AI platforms. MCP powers a custom Daloopa GPT on OpenAI's GPT directory and enables workflows like hedge fund scenario analysis, private equity comparisons, and equity research reports, all with source traceability.
Li emphasized that Daloopa's AI-driven data platform is essential for any analyst building an AI-enabled research stack. The funding will aid in expanding LLM integrations for Daloopa, helping industry leaders accelerate AI adoption while minimizing manual data cleanup.
In summary, the $13 million will be used primarily to enhance Daloopa’s ability to deliver trusted, AI-ready financial data integrated with LLMs via its Model Context Protocol, thereby supporting accurate, scalable AI adoption in finance. The funding round marks an exciting step forward for Daloopa as it continues to revolutionize the financial industry with its AI-powered data platform.
- Daloopa, a technology company specializing in artificial intelligence, has secured $13 million in funding to enhance its private equity-backed, AI-powered financial data platform.
- With the new funds, Daloopa aims to boost its AI research, focusing on creating reliable, scalable financial AI tools, thereby addressing common AI challenges in finance and strengthening its AI-driven data platform's integration with large language models (LLMs).
