Daloopa, a NYC-based AI-driven historical data provider, has raised $18M in Series B funding.

The round was led by Touring Capital with participation from Morgan Stanley and Nexus Venture Partners. Funds will be used for product innovation, enhancing data quality, and expanding market reach, particularly in Europe and Asia.

Founded by Daniel Chen (COO), Jeremy Huang (CTO), and Thomas Li (CEO), Daloopa leverages AI to source, organize, and distribute historical datasets globally. Their technology aids financial institutions in accelerating data discovery during earnings and model building.

This new funding allows Daloopa to continue advancing its proprietary algorithms and scaling its operations, reinforcing its position in the financial services industry.