Linedata acquires French gen AI startup

Asset management tech provider Linedata has purchased DreamQuark, a France-based provider of generative AI services.

The startup’s software-as-a-service AI systems will be incorporated into Linedata’s technology offering to asset managers.

“At the heart of this alliance lies a shared vision of the critical importance of artificial intelligence for the financial sector, along with a perfect synergy in both values and technology,” said Timothée Raymond, head of business development at Linedata.

7 strategies for integrating Generative AI in fund management

“This acquisition enables us to incorporate ten years of technological know-how in AI, complementing Linedata’s expertise in this area. The merging of DreamQuark’s talents with those of Linedata opens new avenues to offer our clients innovative solutions to their business challenges.”

“We are thrilled to join Linedata and look forward to bringing our expertise and energy to their clients,” added DreamQuark CEO Nicolas Meric.

“We are eager to provide them with high-value solutions based on generative AI and tackle the challenges of integrating it into the asset management, insurance, and credit sectors.”

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