OLD GREENWICH, Conn.--(BUSINESS WIRE)--WorldQuant Ventures, an angel investment firm focused on disruptive companies in technology, with a particular focus on data and finance, today announced it has invested in Cycle Computing, the leader in Big Compute software, specializing in managing simulation, analytics and Big Data workloads. WorldQuant Ventures’ investment allows Cycle Computing to expand access for financial services companies to flexible and affordable cloud-based computing solutions.
“We are excited to announce our investment in Cycle Computing,” said Steven Lau, Managing Director at WorldQuant Ventures. “Companies in the financial services industry are increasingly turning to computing resources to help meet business and regulatory needs. We believe Cycle Computing’s innovative cloud computing platform, along with the growing demand for computing services, provides an attractive investment opportunity for WorldQuant Ventures.”
“Cycle Computing’s approach of providing analysts, researchers and engineers with easy access to unlimited compute power in a simple, managed process is changing the way companies approach cloud and innovation,” said Jason Stowe, CEO of Cycle Computing. “This partnership leverages WorldQuant Ventures’ experience and expertise to help us grow our company and meet a rapidly expanding market opportunity.”
About WorldQuant Ventures LLC
WorldQuant Ventures LLC is an angel investment firm founded in 2014 as a private investment vehicle for WorldQuant, LLC's founder, Igor Tulchinsky. The firm is focused on disruptive companies in technology, with a particular focus on data and finance, and has investments in over 20 companies. WorldQuant Ventures LLC is a separate entity from WorldQuant, LLC, a global quantitative investment management firm. For more information, please visit www.worldquantventures.com and www.worldquant.com.
About Cycle Computing
Cycle Computing is the leader in Big Compute software to manage simulation, analytics, and Big Data workloads. Cycle turns the Cloud into an innovation engine for your organization by providing simple, managed access to Big Compute. CycleCloud is the enterprise software solution for managing multiple users, running multiple applications, across multiple clouds, enabling users to never wait for compute and solve problems at any scale. Since 2005, Cycle Computing software has empowered customers in Big 5 Life Insurance, Big 10 Pharma, Big 5 Hedge Funds, F500 manufacturing, startups, and government agencies, to leverage hundreds of millions of hours of cloud based computation annually to accelerate innovation. For more information visit: www.cyclecomputing.com