What is Pico?
Founded in 2001 and headquartered in New York City, Pico Quantitative Trading specializes in delivering mission-critical technology services to financial market participants. The firm provides a comprehensive suite of tools designed to offer both the speed and precision required for high-frequency trading, alongside the agility necessary to navigate volatile market conditions. Pico's core value proposition lies in its ability to bridge the gap between complex market data and actionable execution, serving as a foundational partner for institutions that prioritize technological superiority. By maintaining a focus on cutting-edge infrastructure, the company has established itself as a vital node in the global financial ecosystem, enabling clients to maintain a competitive edge through superior connectivity and data processing capabilities.
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 Qingdao Jufeng Science & Technology Venture Investment, GF Qianhe Investment, and GF Xinde Investment Management
Series C (2020): $135M led by Intel Capital
Series B (2021): $37.4M supported by CCBI Tech Venture, Shenzhen Yidun Media Investment Fund, Co-Stone Asset Management, and Jianyin International Capital Management
Private Equity (2022): $200M featuring Golden Gate Capital
Key Investors in Pico
Intel Capital
Founded in 1991, Intel Capital is a venture arm of Intel that focuses on high-growth technology sectors including artificial intelligence, cloud computing, and next-generation data center infrastructure.
Golden Gate Capital
A San Francisco-based private equity firm that specializes in leveraged buyouts and growth capital investments across the technology, financial services, and industrial sectors.
Co-Stone Asset Management
A professional investment management firm that provides strategic backing to high-potential technology enterprises, focusing on long-term value creation and market expansion.
What's next for Pico?
With the recent influx of capital, Pico is well-positioned to accelerate its strategic initiatives, focusing on the expansion of its global footprint and the enhancement of its proprietary technology stack. The company is expected to leverage this financial support to deepen its integration within emerging markets and further refine its low-latency infrastructure, which remains a primary differentiator in the quantitative trading space. As the financial industry continues to prioritize digital transformation and algorithmic efficiency, Pico's roadmap likely includes the development of next-generation analytics tools and the scaling of its cloud-based service offerings. This strategic focus will be essential for maintaining its leadership position as it navigates the complexities of global regulatory environments and the increasing demand for high-performance trading solutions.
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