Canoe Named “Best Cloud Based Solution” at the WatersTechnology Buy-Side Technology Awards
LONDON, NEW YORK, November 1, 2024 – Canoe Intelligence (“Canoe”), the financial technology company powering smarter alts management, was announced today as the winner of “Best Cloud Based Solution” at the WatersTechnology Buy-Side Technology Awards.
Hosted by WatersTechnology, the aim of the Buy-Side Technology 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 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 other recent industry accolades for Canoe, including recent shortlists across multiple categories for the Global Custodian’s Industry Leaders Awards 2024, Private Equity Wire European Emerging Manager Awards 2024, ThinkAdvisor Luminaries Awards 2024, and A-Team Group’s Data Management Insight Awards Europe 2024.
This year, Canoe has also won a number of awards, including “Onboarding” at the Eleventh Annual Family Wealth Report Awards 2024 program, “Most innovative use of AI in an enterprise data management initiative” at the 2024 A-Team Insight Innovation Awards, and “Change Management Process/Best Implementation of a Technology Solution” at the WealthBriefing European Awards 2024.
On July 9th, Canoe completed its Series C financing round of $36 million, led by Growth Equity at Goldman Sachs Alternatives. This marks a significant milestone for Canoe, representing a more than 3x increase in its company valuation. The additional capital will fuel Canoe’s strategic initiatives, global growth, and advancement of its AI-driven financial technology platform for alternative investors.
At the end of Q1, Canoe announced the commercial launch of Canoe Asset Data, an innovative solution to the industry-wide challenge of accessing and using complete, timely, and accurate asset-level data. Toward the end of 2023, Canoe released a number of new product offerings, including Canoe Pro, a comprehensive solution that integrates expert services into the client experience.
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About Canoe Intelligence
Canoe Intelligence empowers over 350 institutional investors, asset servicers, and wealth managers with innovative technology to manage alternative assets efficiently and accurately. Backed by recent growth milestones and a successful Series C financing round led by Growth Equity at Goldman Sachs Alternatives, Canoe continues to redefine the future of alternative investment management.
MEDIA CONTACT:
Betsy Miller Daitch
Canoe Intelligence
+1 443-690-6200
bdaitch@canoeintelligence.com