Pico, a provider of technology services for the global financial markets community, today announced it recently closed on a strategic investment with Intel Capital, Intel Corporation’s global investment organization.
This completes Pico’s $135M Series C investment round that will be used to further fuel Pico’s global growth and expansion plans.
“We are honored and proud to have Intel Capital join as an investor and to reach this important funding milestone which is supporting our ongoing growth and global expansion,” said Jarrod Yuster, Pico Chairman, Founder and Co-CEO.
“The strengthening of our balance sheet will continue to allow us to realize our differentiating strategy of investing in building the most globally comprehensive, robust, scalable and high-performance infrastructure in the financial services industry that meets clients current and future needs.”
Joining Intel Capital’s list of portfolio companies further enhances Pico’s growth trajectory with opportunities to build on its deep technology heritage to advance the capabilities that create new and differentiated value propositions for clients.
Yuster continues: “Intel is a performance leader, and we are excited to have them as an investor in the next phase of our evolution. We are looking forward to benefitting from their vast technology experience to accelerate AI, big data and analytics-based innovation that will deliver a performance advantage to our clients.” – BusinessNewsAsia.com