Neurensic

Meet Wall Street's new A.I. sheriffs

Co-Founder:
David Widerhorn, 28
2015 Revenue:
$250 K
Industry:
Business Products & Services
Location:
ChicagoIL 
Founded:
2015
45
Raised:
$6 M

Neurensic's core product uses artificial intelligence to understand and form its own judgments about the massive amounts of data spit out by the futures trading desks of financial companies. It also looks for compliance anomalies such as Michael Coscia's spoofing activity, as well as other market-skewing tactics that may be perpetrated by rogue traders. "Our artificial intelligence is completely self-adaptive and can learn by itself," says co-founder David Widerhorn. If that sounds a tad futuristic, it is. Neursensic is somewhat in the vanguard, in a nascent market for compliance intelligence that is currently worth about $450 million, according to research firm Aite Group, which forecasts the market will grow to $1 billion in the next 10 years. Today, Neurensic has 45 employees and had revenue of 250,000 for 2015. That's not bad for a company that launched officially in the same year, following a year-long pilot. In addition to Widerhorn, co-founders include Zach Watts, the chief innovation officer, Tim Geannopulos, chief operating officer, and Paul Giedraitis and Jay Vohra, both principals.
Note: All data as of 1/31/16

 

MORE COMPANY INFORMATION

Website:
neurensic.com