AI-driven knowledge-as-a-service platform Lynk has new funding from UBS’s Investment Bank business division as part of an expansion of its previously announced Series B financing round.
UBS’s investment takes Lynk’s total funding to date to $35m.
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The firm said it will leverage the fresh funds to expand its offerings and global reach.
UBS Global Research New Business Initiatives head Damien Horth said: “UBS has been at the forefront of innovation within the investment research space, and with Lynk’s technology and knowledge platform, we’re confident that this provides a robust solution for our clients to accelerate and inform their investment process.
“We’re proud to double down on our collaboration by investing in Lynk’s vision as a Knowledge-as-a-Service platform designed to break down knowledge barriers.”
UBS has partnered with Lynk earlier this year to help its institutional clients to improve the integration of expert access into their investment process.
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By GlobalDataThe latest investment will further accelerate the collaboration between both parties to help their customers make more informed investment and business decisions.
As part of an existing tie-up, the Global Markets team within UBS’s Investment Bank business division have been offering Lynk solutions to the firm’s institutional investor clients.
In addition, Lynk features UBS Global Research analysts as experts on its platform across some sectors, allowing its customers to tap UBS experts for Q&As, consultations, and executive briefings.
Lynk CEO and founder Peggy Choi said: “This strategic investment from UBS validates our conviction on the increasing need for expert access and digitization in the research process for investors and businesses.
“We are also working together to innovate on our growing range of product and service offerings, and couldn’t be more excited to continue collaborating together to innovate as a Knowledge-as-a-Service category leader.”
