# Correlix

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/correlix

- Industry: Software
- Headquarters: New York, US
- Website: www.correlix.com
- Total disclosed funding: $8M
- Latest round: Series B (Sep 2, 2008)
- Investors on record: 4

## About

Correlix delivers specialized data delivery solutions aimed at enhancing financial trading systems' performance, offering clients efficient real-time data analytics vital for informed decision-making in high-stakes market environments.Correlix provides advanced data delivery solutions tailored for financial trading systems. The company was founded in New York, US, and has undergone strategic pivots to enhance its service offerings. It was acquired by TS Associates in July 2012 for an undisclosed amount. The company has successfully raised a total of USD 5.50 mn through its latest funding round, which occurred in July 2012.Correlix specializes in providing advanced data delivery solutions, primarily designed to optimize the performance of financial trading systems. The company's flagship products include high-speed data analytics platforms that enable clients to monitor and analyze market data in real-time, ensuring rapid decision-making capabilities essential for traders and financial institutions. These solutions aim to address critical pain points such as latency issues and data overload, offering businesses in the financial sector tools to enhance their trading strategies and improve overall efficiency. Correlix serves a diverse client base that includes hedge funds, investment banks, and brokerage firms, primarily operating in major financial markets such as North America, Europe, and Asia. The company’s products have been well-received since their release, catering to users who require reliable, high-performance data processing capabilities.Correlix generates revenue through a subscription-based model, allowing clients to access its suite of data delivery services. This transaction structure typically involves annual or monthly subscription fees, which provide clients with continuous access to the company's platforms and updates. Additionally, partnerships with financial institutions may offer bundled services, enhancing the value proposition for clients who require comprehensive data management solutions. The pricing plans are structured to accommodate various needs, ranging from small firms to large enterprises, reflecting the scale and complexity of the services offered. Through these tailored arrangements, Correlix ensures that its clients benefit from the latest technological advancements in data analytics while maintaining predictable expense management.Correlix is focused on expanding its product line and entering new geographic markets. The company plans to launch new data analytics products by the end of 2013, aimed at further enhancing their service offerings. Additionally, Correlix is looking to expand its presence in Asia and Europe by 2014, leveraging recent funding to support these initiatives. The acquisition of its assets by TS Associates in July 2012 is anticipated to bolster its capabilities and strengthen its position in the data delivery market.

## Funding rounds

- Series B, Sep 2, 2008, $8M — Hong Shan, Genesis Partners, Blumberg Capital, Xenia Venture Capital

## Investors

- Hong Shan — Series B
- Genesis Partners (https://capitalatlas.ai/funds/genesis-partners) — Series B
- Blumberg Capital (https://capitalatlas.ai/funds/blumberg-capital) — Series B
- Xenia Venture Capital (https://capitalatlas.ai/funds/xenia-venture-capital) — Series B