Pico

New York, United States Founded: 2009 • Age: 17 yrs
Financial market data is tracked and analyzed via specialized tools.

About Pico

Pico is a Technology company based in New York (United States) founded in 2009. It operates as a financial market data is tracked and analyzed via specialized tools. It operates on a Managed Services, SaaS (Software-as-a-Service), and FinTech model. Pico has raised $341.58 million across 4 funding rounds from investors including UBS, J P Morgan and Wells Fargo. Pico has completed 3 acquisitions, including AlgoSpan, Corvil and Redline Trading. Its website pico.net draws about 46 thousand monthly visits. Pico offers products and services including Corvil Analytics, Redline Software, Market Data, Connectivity, and Infrastructure. Its focus areas include Financial Technology and Trading Solutions. Its legal entity is Pico Quantitative Trading LLC. Its competitors include BlueMatrix, Quant Insight, Two Sigma Investments, Accern and BMLL and 1 more; 4 of its 6 listed competitors have raised funding.

Company details

Technology services for financial markets are delivered by Pico, focusing on high-performance trading solutions. Infrastructure, cloud, data, software, and analytics are offered to over 400 financial institutions globally. Sectors such as global banks, exchanges, and trading firms are served. Real-time network monitoring and performance analytics are provided to create operational advantages. Connectivity to over 300 exchanges and venues is ensured, alongside ultra-low latency solutions for market data and order execution.

  • Headquarters New York, United States
  • Sectors
    Technology
  • Email
    β€’β€’β€’β€’β€’β€’β€’β€’
  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website pico.net
  • Social LinkedIn
  • Legal Name Pico Quantitative Trading Llc
Key Metrics
  • Total Equity Funding
    $341.58M (USD)

    in 4 rounds

  • Latest Funding Round
    $200M (USD), Series D

    Jul 2022

  • Investors
    UBS

    & 12 more

  • Investments & Acquisitions
    AlgoSpan

    & 2 more

Products & Services of Pico

Pico offers a comprehensive portfolio of products and services, including Corvil Analytics, Redline Software, Market Data, Connectivity, and Infrastructure.

Corvil Analytics
Analytics

Real-time analytics for trading and network operations provided.

Redline Software
Trading Applications

Ultra-low latency solutions for market data offered.

Market Data
Data Services

Global access to multi-asset class data provided.

Connectivity
Network Services

Comprehensive global connectivity to liquidity is ensured.

Infrastructure
Managed Services

End-to-end managed data center services are offered.

Funding Insights of Pico

Pico has successfully raised a total of $341.58M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $200 million completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $341.58M
  • Total Rounds 4
  • Last Round Series D β€” $200M
  • First Round $6.58M

    (Nov 2009)

  • Investors Count 13

All 4 funding rounds of Pico with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jul 2022$200MSeries D–Golden Gate Capital
–
Dec 2020$135MSeries C–CE Innovation Capital, Intel Capital
Nov 2019–Series A–EDBI
–
Nov 2009$6.58MSeries A––
–
Valuation history

13 investors in total: 13 institutional.

Investors in Pico

Pico has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include UBS, J P Morgan and Wells Fargo.

All
Venture Fund
Institutional
InvestorDescriptionFounded YearDomainLocation
Private equity investments, business building, and long-term partnerships in finance and investment sectors.
–goldengatecap.com-
Government-backed investments are directed toward healthcare, fintech, and various sectors.
–edbi.comSingapore, Singapore
Early-stage startups are funded by this Beijing-based venture capital fund.
–ceinnovationcap.comBeijing, China
Investment in technology startups focusing on compute, AI, and related innovations.
–intelcapital.com-
Comprehensive financial services are provided to corporations and individuals.
1799jpmorgan.comNew York, United States
Financial services are provided globally by UBS for wealth management.
1862ubs.comZurich, Switzerland
Diversified asset management services are offered globally by the firm.
1925nomura.comChuo City, Japan
Diverse financial services and online banking are provided to clients.
1852wellsfargo.comSan Francisco, United States
A trading company focused on solving complex market problems.
–chicagotrading.comChicago, USA
Simplex Trading is engaged in proprietary trading and market making.
2004simplexinvestments.comChicago, United States
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Investor details for Pico

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People of Pico

61 people are tracked at Pico (49 in leadership, 12 in team).

NameRoleGroup
Eric Harkness
CFO & COOLeadership
Seetharam Gorre
Chief Information OfficerLeadership
Kelly Spector
Head Of Strategic PlanningLeadership
Corinne Schmitt
Client Success Management, Director, ManagerLeadership
Mac Bartram
Director Of Technical Account ManagementLeadership
Stacie Swanstrom
Chief Product & Marketing OfficerLeadership
Lauren Goldberg
General Counsel & Chief Administrative OfficerLeadership
Frank Nebbeling
Global Head of Client ServicesLeadership
Jarrod Yuster
Chairman, Founder & CEOLeadership
Mike Beaver
VP Of Sales And Account ManagementLeadership
Anay Tejura
Infrastructure Engineer - VPLeadership
Kevin Lim
Vice President Network EngineeringLeadership
Radu Grigorescu
Vice President, Operations ManagementLeadership
David Hailey
Vice President, Client Success ManagementLeadership
Fergal Toomey
Chief ScientistLeadership
Vasil Boyadzhiev
Director, Global Data Center Operations ManagerLeadership
Philippe Caudwell
Director Of Service OperationsLeadership
Michael L.
Global Head Of Corporate InfrastructureLeadership
Xiubo Zhang
Senior Data Scientist, VPLeadership
Lisa Valente
Managing Director, Head Of Human ResourcesLeadership

41 more people are available in the full profile.

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Investments & Acquisitions by Pico

Pico has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include AlgoSpan, Corvil and Redline Trading.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Trading solutions for equities, options, and futures markets are developed.
redlinetrading.comWoburn, United States2008Jan 2022β€’β€’β€’β€’
Risk management platofrm for financial industries
corvil.comNew York, United States2000Jul 2019β€’β€’β€’β€’
Financial services are provided by AlgoSpan in the United Kingdom.
algospan.comLondon, United Kingdom2009Mar 2016β€’β€’β€’β€’
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Complete acquisition details for Pico

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Timeline of Pico

6 dated milestones of Pico across 13 years, from founding to its latest funding, stage changes and deals.

  1. Founded Pico is founded.
  2. Funding First funding round of $6.6M.
  3. Acquisition Acquires AlgoSpan.
  4. Acquisition Acquires Corvil.
  5. Acquisition Acquires Redline Trading.
  6. Funding Latest funding round, Series D, of $200.0M.

Competitors of Pico

Pico has 6 listed competitors in our database, 4 of them funded. They include BlueMatrix, Quant Insight, Two Sigma Investments, Accern and BMLL, among others.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
bluematrix.com1999New York, United States–70
Online investment research is delivered to wealth managers and firms.
quant-insight.com2014London, United Kingdom$10M16
Quantitative analytics for financial securities are delivered.
twosigma.com2001New York, United States–1,600
Offers AI-based, data-driven insights for investment management and decision-making.
accern.com2014New York, United States$36.64M7
AI-based analytics for stock insights and predictive decisions are offered.
bmlltech.com2014London, United Kingdom$71.9M43
Cloud-based AI analytics platform for traded securities data is offered.
tetrix.co2023New York, United States$5M–
Alternative market insights are delivered via an AI-driven platform.
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Detailed competitors of Pico

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Web traffic of Pico

The website of Pico (pico.net) receives about 46.3K visits a month.

  • Monthly visits
    46.3K

    ▼ 3.8% vs previous month

Similar websites

Websites whose visitors overlap most with Pico. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
split.io
100%
45.8K#776,027View details
voitanos.io
95%
–#1,024,439View details
linuxbuzz.com
linuxbuzz.com
90%
–#5,592,807–
iguazio.com
90%
74.4K#530,058View details
nsoft-s.com
nsoft-s.com
90%
–#840,325–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
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Top companies in Investment & Financial Technology

10 companies that operate in the same segment as Pico (Investment & Financial Technology), ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Commission-free trading and investment services are provided by Robinhood.
2013Menlo Park, California, United StatesUSD 5.58 BUSD 2.98 B4,841
Online exchange platform for cryptocurrency
2017Ta Xbiex, MaltaUSD 2.02 B–14,747
Online social trading platform for cryptocurrency, stocks, ETFs, and CFDs
2007Tel Aviv, Tel Aviv, IsraelUSD 422.94 MUSD 925.73 M2,713
Financial data and investment advisory tools are offered online.
1984Chicago, Illinois, United StatesUSD 91 MUSD 351.25 K6
App-based brokerage stock trading platform
1996Mumbai, Maharashtra, IndiaUSD 38.41 MUSD 548.9 M3,830
App-based platform for spare change investment
2012Irvine, California, United StatesUSD 587.84 M–602
Smart investment portfolios are offered via an online platform.
2015Bengaluru, Karnataka, IndiaUSD 121.05 MUSD 635.51 K231
App-based automated investment and retirement planning platform
2010New York, New York, United StatesUSD 335 M–674
Money Forward is engaged in providing financial technology solutions.
2012Minato, Tokyo, JapanUSD 42.9 MUSD 322.51 M2,600
Wealth management solutions are delivered for investment advisors.
2009Mountain View, California, United StatesUSD 759.1 M–1,524
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Frequently Asked Questions about Pico

Pico was founded in 2009.

Pico is headquartered in New York, United States. It is registered at New York, New York, United States.

Pico is a funded company, having raised a total of $341.58M across 4 funding rounds to date. The company's 1st funding round was a Series A of $6.58M, raised on Nov 2009.

Technology services for financial markets are delivered by Pico, focusing on high-performance trading solutions. Infrastructure, cloud, data, software, and analytics are offered to over 400 financial institutions globally. Sectors such as global banks, exchanges, and trading firms are served. Real-time network monitoring and performance analytics are provided to create operational advantages. Connectivity to over 300 exchanges and venues is ensured, alongside ultra-low latency solutions for market data and order execution.

Pico's top competitors include Quant Insight, BMLL and Tetrix.

Pico offers Corvil Analytics, Redline Software, Market Data, Connectivity, and Infrastructure.

Pico has made 3 acquisitions, including AlgoSpan, Corvil, and Redline Trading.

Pico has 13 investors. Key investors include UBS, J P Morgan, Wells Fargo, Nomura, and Capital Market Strading.

Pico operates through Pico Quantitative Trading Llc.

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