The National Stock Exchange (NSE) subsidiary NSE Data and Analytics, on March 17, 2021, announced the investment in technology startup Capital Quants Solutions (CQS) Ltd. The latest investment is a part of NSE’s investment program in the areas such as analytics, robotics, digital, security, machine learning (ML), artificial intelligence (AI), and blockchain.
Capital Quants Solutions focuses on providing software products using machine learning (ML) and natural language proficiency (NLP).
“The investment in CQS is a part of NSE’s program for investment in the fields of ‘Analytics, Digital, Robotics, Security, Artificial Intelligence, Machine Learning, Blockchain, etc.’ where startups require early stage financing and incubation to expand and realize their full potential,” said Vikram Limaye, MD and CEO, NSE.
“Through such partnerships with select startups, which have demonstrated technological potential, NSE Group aims to strengthen its technology leadership further. These fields present innovative solutions and breakthrough technologies, which could potentially change the future of capital markets in India and the world.”
Pravin Lal, Founder and CEO at Capital Quants Solutions, said, “Our relationship with the exchange started with NSE being a customer for our flagship product, FinStinct. Over time this relationship has grown not just in terms of the engagement size but has also grown at a strategic level. Today, we offer cognitive automation to various functions and amp; divisions within the exchange, and we also have the exchange as an investor in us.”