What is Pico?
Founded in 2001 and headquartered in New York City, Pico Quantitative Trading specializes in providing mission-critical technology services to financial markets participants. The company serves a sophisticated client base that requires high-speed, accurate, and flexible solutions to maintain a competitive edge in volatile trading environments. By integrating advanced infrastructure with agile software capabilities, Pico has established itself as a vital partner for firms demanding low-latency connectivity and reliable data processing. Its market position is defined by its ability to bridge the gap between traditional financial services and modern, high-frequency technological requirements, ensuring that clients can respond to shifting market dynamics with precision.
How much funding has Pico raised?
Pico has raised a total of $397.1M across 4 funding rounds:
Series A
$24.7M
Series C
$135M
Series B
$37.4M
Private Equity
$200M
Series A (2018): $24.7M with participation from GF Xinde Investment Management, Qingdao Jufeng Science & Technology Venture Investment, and GF Qianhe Investment
Series C (2020): $135M led by Intel Capital
Series B (2021): $37.4M supported by Jianyin International Capital Management, CCBI Tech Venture, Co-Stone Asset Management, and Shenzhen Yidun Media Investment Fund
Private Equity (2022): $200M featuring Golden Gate Capital
Key Investors in Pico
Golden Gate Capital
Founded in 2000, Golden Gate Capital makes investments in several select industries, including technology, financial services, retail and industrial, through leveraged buyout transactions as well as significant minority purchases and growth capital investments.
Intel Capital
Founded in 1991, Intel Capital, a division of Intel, invests in innovative startups targeting artificial intelligence, autonomous vehicles, datacenter, Cloud, 5G, next-generation compute, and a wide range of other technologies.
Co-Stone Asset Management
A prominent venture capital firm focused on identifying and nurturing high-growth technology enterprises with significant potential for market disruption.
What's next for Pico?
Following this major strategic investment, Pico is well-positioned to accelerate its product development roadmap and expand its global footprint. The infusion of capital will likely be directed toward enhancing its proprietary technology stack, potentially focusing on cloud-native trading solutions and expanded connectivity across international exchanges. As the firm transitions into this next phase of maturity, the focus will remain on scaling its infrastructure to support increasing demand for high-performance trading tools. By leveraging the expertise of its diverse investor base, Pico is poised to solidify its leadership in the quantitative trading technology space, driving innovation in data delivery and execution services for institutional clients worldwide.
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