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73 Strings raises $55 million to transform alternative asset valuation with AI

73 Strings raises $55 million to transform alternative asset valuation with AI

The fast-growing alternative asset market demands better valuation optimization and portfolio monitoring. Traditionally, these processes rely on lengthy and inconsistent evaluations, limiting the frequency of updates and increasing the risk of inaccuracies. 73 Strings aims to establish itself as a leader with a financial intelligence platform that leverages artificial intelligence and advanced language models (LLMs) to provide an automated, dynamic, and more reliable approach to alternative asset management.

Automating valuation to accelerate decision-making

Compared to traditional approaches, where valuations are updated quarterly or semi-annually, 73 Strings’ technology enables continuous and automated financial data updates.

By leveraging Large Language Models and machine learning algorithms, the platform can extract, structure, and analyze vast amounts of data in real-time. Private equity, venture capital, and private debt players gain instant access to precise, comparative analytics, allowing them to optimize investment decisions, anticipate risks, and accelerate strategic arbitrage.

Mass adoption driven by industry leaders

The effectiveness and relevance of 73 Strings’ solution have led some of the world’s largest asset managers to adopt it. Today, the company supports clients managing nearly $10 trillion in assets.

By structuring and standardizing data flows, 73 Strings simplifies the work of asset allocators, managers, and institutional investors, providing a more holistic and intelligible view of their portfolios. This approach enables them to better identify opportunities, benchmark performance against relevant indices, and model risk scenarios in real time.

In this context, 73 Strings’ platform positions itself as a game-changing tool for private equity and private debt, offering an unprecedented level of granularity and real-time updates.

$55M funding round to scale AI-driven technology

To accelerate its development and drive broader adoption of its technology, 73 Strings has just closed a $55 million Series B funding round, led by Growth Equity at Goldman Sachs Alternatives.

The round also includes leading investors such as Blackstone Innovations Investments, Golub Capital, Hamilton Lane (Nasdaq: HLNE), and Broadhaven Ventures. This capital will enable 73 Strings to strengthen its technological infrastructure, enhance AI-powered features, and expand its international footprint, with an already established presence in Paris, New York, London, Toronto, Bengaluru, and Riyadh.

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