Canoe Named Best Buy-Side AI Platform or Tool in WatersTechnology Buy-Side Technology Awards
NEW YORK, November 6, 2023 – Canoe Intelligence (“Canoe”), the financial technology company guiding the alternatives industry forward with smarter data management, was announced as the winner of “Best buy-side AI (artificial intelligence) platform or tool” at the WatersTechnology Buy-Side Technology Awards last night.
Hosted by WatersTechnology, the aim of these awards is to recognize the leading technologies and third-party vendors in their areas of expertise, through an auditable and transparent methodology underpinned by a panel of WatersTechnology’s five most senior and experienced journalists.
These awards focus on market-leading technologies developed specifically for use by buy-side firms, designed to allow them to operate more efficiently, more transparently, and more judiciously. Entrants express innovation and how they address the buy side’s most pressing business, regulatory, operational, and technology needs. Submissions also focus on collaboration, regulatory compliance, and managing the various risks/challenges buy-side firms face on a daily basis, while also allowing them to maximize their operational efficiency.
Canoe Intelligence (‘Canoe’) developed a first-of-its-kind AI-powered technology that helps alternative investors unlock efficiencies. The purpose-built technology automates time-consuming, costly manual workflows related to alternative investment document and data management, extraction, and delivery. Canoe is committed to innovation and leveraging AI and machine learning to drive industry-leading product development in the alternative investment data space.
This recognition follows numerous wins for Canoe earlier this year, including “Best Data Management Solution” at the Private Equity Wire US Awards 2023, “Best Proposition for AI, Machine Learning” at the Data Management Insight Awards USA 2023, “Outsourcing/Business Process Outsourcing” at the Tenth Annual Family Wealth Report Awards 2023 program, “Most innovative use of AI in an enterprise data management initiative” at the 2023 A-Team Insight Innovation Awards, and “Best Artificial Intelligence (AI) Application (US)” at the WealthBriefing WealthTech Americas Awards 2023.
This announcement closely follows the launch of Canoe’s new product, Canoe Tax; the firm also recently debuted the Canoe Data Innovation Hub, sharing plans to develop and deliver Canoe Asset Data through a design partnership with 13 existing clients. These product development programs build upon Canoe’s recent successes, including 100% year-over-year growth and a strategic $25 million Series B financing round in February 2023. Canoe continues to advance operational excellence through the expansion of its platform and product suite, exemplifying its commitment to innovation and industry-leading product development in the alternative investment industry.
About Canoe Intelligence
Canoe Intelligence (“Canoe”) is a financial technology company dedicated to advancing alternative investment intelligence for institutional investors, capital allocators, wealth managers, and asset servicing firms. Canoe empowers clients with technology, data, and insights to manage alternative assets more efficiently, accurately, and confidently. With a commitment to innovation and excellence, Canoe is redefining the future of alternative investment data management.
Betsy Miller Daitch