User:JSFarman/sandbox/Kensho

Kensho in an American data analytics company. Founded out of Harvard, MIT, and Stanford University in 2013, it uses big data and machine-learning techniques to analyze how real-world events affect financial markets.

Kensho's primary product is Warren, a natural-language processing platform which uses cloud based software to perform real-time analytics for the financial industry through artificial intelligence. In 2016, it introduced New Economy Indices: 21st Century Sectors. The indices cover the industries that are "driving the "Fourth Industrial Revolution."

History
Kensho was founded by Daniel Nadler and Pete Kruskall in May 2013. Nadler, then a PhD candidate at Harvard, served as a visiting scholar at the Federal Reserve Bank in Boston, where he tracked the asset allocation strategies of major institutional investment funds as part of the Federal Reserve’s Financial Monitoring Team. As he attempted to research how events such as the Greek elections impacted the financial markets, he discovered that neither the regulators nor the bankers had effective methods to measure the impact of similar occurrences. Dissatisfied with the tools available to quantitative analysts studying financial markets, Nadler teamed with Kruskall, a former Google engineer, to found Kensho, a cloud-based market data analytics system. The company was initially based in Cambridge, Massachusetts and funded through $10 million in seed investments from Accel Partners, Breyer Capital, General Catalyst, Google Ventures and NEA.

Warren
In late 2013, Kensho introduced its flagship product, Warren. A "Siri-style intelligent assistant for the financial industry," it uses advanced data mining and natural language processing to respond in to more than 65 million financial analysis questions by scanning more than 90,000 65 million question combinations by scanning over 90,000 customizable actions, such as earnings releases, global data environments, economic reports, company product launches and FDA drug approvals. It additional checks stock price triggers, for example, the following-day market results when a specific stock or asset is up 10 percent in one day.

New Economy Indices: 21st Century Sectors
The Kensho New Economy indices are constructed using a systematic rules-based methodology utilizing the Warren platform to gather millions of regulatory filings and other public dcocuments. Using propriety algorithms to identify the companies involved in each of the New Economies, the indices cover industries related to drones, 3D printing, wearable, autonomous vehicles, smart building and cyber security. In December 2016 it launched the Fourth Industrial Revolution Global Equity Fund, the first unit trust in South Africa to give investors exposure to advanced technology companies.

Partnership with CNBC
Kensho partnered with CNBC following a strategic investment by NBCUniversal News Group. In November 2014, CNBC began broadcasting Kensho analytics which put daily financial news into historical context. On the CNBC website, viewers and visitors on to the CNBC website are informed of the impact of historical responses such as how energy stocks are impacted after a snowstorm, or how stocks of Apple suppliers have typically performed after an iPhone release. The analysis is additionally delivered on-air via a Kensho Stats Box. The network also broadcasts a question and answer segment titled #AskKensho. CNBC provides Kensho with content including breaking news for integration into Kensho’s platform.

Funding
Kensho has raised $58 million in two rounds of funding. Its largest investor is Goldman Sachs, who invested $15 million in November 2014 as part of a strategic partnership Goldman, which uses Kensho's "data-crunching" software across its bank. Other investors include Google Ventures, XFund, General Catalyst, CNBC, Accel Partners, Fidelity Investments, Breyer Capital and IQT, the CIA's venture capital arm. Kensho's valuation as of 2017 was $650 million.

Recognition
In June 2016, in an article on the five hottest companies in financial technology, Fortune wrote that "Kensho has the potential to replace the Street’s trove of market strategists, and its ability to crunch data and offer advice should make investment bankers nervous too." The company was named a 2016 Technology Pioneer by the World Economic Forum.