Neovision Hypersystems

company

About

NeoVision is the leading provider of tactical visualization solutions for the financial industry.

  • 11 - 50

Details

Last Funding Type
Series B
Last Funding Money Raised
$7M
Industries
Banking,Data Visualization,Financial Services,Information Technology,Real Time,Software
Founded date
Jan 1, 1995
Number Of Employee
11 - 50
Operating Status
Active

NeoVision Hypersystems, Inc. was founded in Pittsburgh, Pennsylvania in 1995 by Cormac L. Kinney, an MBA Finance graduate from Carnegie Mellon, and Dr. Marc Graham, an eminent computer scientist at Carnegie Mellon and a former Senior Research Scientist at the renowned Software Engineering Institute.

Recognizing the need for a better way to comprehend vast amounts of dynamic financial information, they surveyed the concepts of visualization found in engineering and medical disciplines. Their solution, Real Time Analytical Heatmaps, was conceived at the Financial Analysis and Securities Trading (FAST) lab, a trading floor learning and software development center at the Carnegie Mellon Graduate School of Industrial Administration. FAST lab consortium members, in addition to NeoVision, include Mellon Bank, J.P. Morgan, and Merrill Lynch, as well as technology vendors Hewlett-Packard, Sun Microsystems, IBM, and Reuters America.

With encouragement and technical support from Reuters, NeoVision went into full-scale Heatmap development. The market welcomed NeoVision's visualization technology, which provides benefits similar to sophisticated and complex virtual reality systems at a fraction of the cost. By mid-1996 NeoVision dominated the trading desk environment and has placed Heatmaps in premier investment banks, mutual funds, and brokerage houses. In August 1996, NeoVision moved headquarters from Pittsburgh to Manhattan's financial district to better serve the customer base, which includes over a dozen major financial institutions.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$7M
Neovision Hypersystems has raised a total of $7M in funding over 2 rounds. Their latest funding was raised on Feb 19, 2001 from a Series B round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Feb 19, 2001 Series B $7M 2 DB Capital Ventures Detail

Investors

Number of Lead Investors
Number of Investors
1
2
Neovision Hypersystems is funded by 2 investors. DB Capital Ventures and Gateway Venture Partners are the most recent investors.
Investor Name Lead Investor Funding Round
DB Capital Ventures Yes Series B
Gateway Venture Partners Series B