PYPL - Strategic Investor Intel Capital Helps Close $135M Round For Fintech Pico

Venture Capital Deals of the Week is going on holiday break. Check out a new column on January 23 at a new location, the Seeking Alpha Breaking News page. Intel (INTC) Capital became a strategic investor in Pico, a provider of technology services for global financial markets, and helped close the $135M Series C round. Under the strategic partnership, Pico and Intel will collaborate on delivering a 100Gbps network data capture and real-time streaming analytics platform for financial markets trading. The companies are also in early-stage development on building a financial services lab, where the companies can work with clients to incubate new concepts around AI processing, machine learning, network and trade analytics, and cloud monitoring. Pico has used Intel Xeon processors in Corvil Analytics quantitative trading platform for over 15 years and recently introduced the second-gen Xeon Scalable platform with built-in AI acceleration. "Fintech’s impact on capital markets continues

For further details see:

Strategic Investor Intel Capital Helps Close $135M Round For Fintech Pico