Tetrix raises $15M Series A to scale AI platform powering $100B in private market assets

Round co-led by White Star Capital and Innovation Endeavors to accelerate real-time intelligence across the $20T private markets ecosystem.

NEW YORK--(BUSINESS WIRE)--Tetrix, the AI investment platform for alpha-seeking limited partners in alternative markets, today announced it has raised a $15 million Series A round co-led by White Star Capital and Innovation Endeavors with participation from several high-profile angel investors. The funding will accelerate product development, team expansion, and global growth as Tetrix scales to support its clients in the rapidly expanding alternative markets ecosystem.

“Alternative markets are an over $20 trillion asset class running on 100 million PDFs,” said Olivier Babin, CEO and Co-Founder of Tetrix. “Our client’s data is their most valuable asset to generate returns and manage risk. Yet, for LPs in alternative markets, the unstructured data, PDF graveyard, fragmented solutions, and manual workflows mean their data is rarely treated as such. By combining agentic workflows, AI-powered data normalization, and real-time analytics, Tetrix turns messy, unstructured fund data into clear, actionable insights. With Tetrix, allocators can uncover their biggest risks and find their best investment opportunities.”

Recent regulatory shifts are beginning to expand access to private market investments, increasing both the scale and complexity of the asset class. Private markets have grown at a double-digit pace compared to public markets over the past decade; however, their infrastructure lags a couple decades behind public markets' infrastructure and has not seen the same level of investment in technology and transparency.

Tetrix addresses this challenge with its AI-native intelligence platform designed specifically for private markets. The platform empowers institutional investors to collect proprietary data, extract complex financial information, structure that data into a unified data system, and proactively deliver timely insights. Unlike incumbent systems or horizontal AI tools, Tetrix offers an end-to-end, vertically integrated AI solution tailored to the space’s unique complexity.

“Private markets manage trillions in capital but still rely on data infrastructure built for the 1990s,” said Christophe Bourque, General Partner at White Star Capital. “Olivier, Naunidh, and the Tetrix team are filling a massive gap by building a foundational, AI-native data and orchestration layer for the industry. Their platform is a paradigm shift, turning static documents into real-time, actionable alpha.”

"Tetrix is already collapsing 45-day analyst workflows into a single day and saving customers thousands of manual hours per investment - that's a category-defining step change, not an incremental productivity gain," said Harpinder Singh, Partner at Innovation Endeavors. "Olivier, Naunidh, and the team have executed with remarkable speed and conviction since day one, and we've been proud to back them from the earliest days. They're building the system of record investment teams will run their businesses on for the next decade."

Since launching commercially in September 2024, Tetrix has seen strong market adoption and momentum. The company works with dozens of leading institutional investors across the globe, including clients in the United States, Canada, Europe, and Southeast Asia. Over $100B in AUM is managed on the platform, with Tetrix’s customer base spanning endowments, foundations, pension funds, sovereign wealth funds, fund of funds, and family offices managing billions in assets.

“Tetrix has fundamentally closed the gap between data and decision-making,” said Ben Choi, Managing Partner at Next Legacy. “Before Tetrix, manager diligence was clunky and manual, spread across too many systems. The customizable analytics supercharge our ability to gain insights from our portfolio of over 30,000 companies and 100s of funds."

Tetrix was founded by Olivier Babin and Naunidh Singh Bhalla, who met at Stanford Graduate School of Business (GSB) while exploring how new advances in AI could reshape financial infrastructure. Their backgrounds in private market investing and fintech engineering exposed them to the limitations of the stagnant technology that previously dominated the space. That frustration and the timing of the AI wave led them to build Tetrix, bringing modern data infrastructure to private markets.

About Tetrix

Tetrix is an AI investment platform for alpha-seeking limited partners in alternative markets. By combining agentic workflows, AI-powered data normalization, and real-time analytics, Tetrix turns messy, unstructured fund data into clear, actionable insights. Tetrix gives investment teams at large capital allocators real-time clarity to make better decisions and uncover new opportunities. For more information, please visit https://www.tetrix.co/.