Montreal firm, TickSmith,  with about 16 employees that specializes in in Big Data applications for Capital Markets and financial services, has raised $2m Canadian.

TickVault is a comprehensive software platform that leverages Hadoop and is highly scalable Its various modules include ETLs, business logic, analytics, workflow, process monitoring and data delivery. Trading groups typically use it to centralize Terabytes and Petabytes of data received from quote feeds, trading systems, event feeds and more. With multiple specialized tools and modules, the platform provides easily access to files, data, analytics, time-series and reports via point and click interfaces and APIs. TickVault can be deployed on a firm’s Hadoop cluster and in the cloud, on AWS.

Francis Wenzel, CEO and co-founder Co-Founder, TickSmith, says:

“Market participants recognise the competitive advantage that can be gained from a next generation capital markets data lake, not just in Europe and North America, but increasingly on a global basis.  As venture capital specialists within the capital markets technology space, Illuminate Financial are well positioned to help us further develop our flagship product, Tickvault, as we continue to build an international client base.”