{"id":395000,"date":"2020-12-08T06:03:27","date_gmt":"2020-12-08T11:03:27","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=395000"},"modified":"2020-12-08T06:03:27","modified_gmt":"2020-12-08T11:03:27","slug":"pico-names-intel-capital-as-new-investor-and-completes-135-million-investment-round","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pico-names-intel-capital-as-new-investor-and-completes-135-million-investment-round\/","title":{"rendered":"Pico Names Intel Capital as New Investor and Completes $135 Million Investment Round"},"content":{"rendered":"<h2>\nPico will benefit from Intel Capital\u2019s strong expertise in disruptive technology innovation and value-added approach to accelerate its next phase of growth<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"left\">NEW YORK, Dec.  08, 2020  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tesNfjXhDR0KBXZhxkuyYyf6B25AlG7H4_AbhCoJztpuSqp_yw-vH8y7TvhqwbAB\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Pico<\/a>, a leading provider of technology services for the global financial markets community, today announced it recently closed on a strategic investment with <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=NNRnD48QUdNU9FRzHO4UyMM4sR67XGyMEta18IUFM1M8Y52cqChCkZ53RirS8CHpQZJlFbcjg4U_3faeAwoCVA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Intel Capital<\/a>, Intel Corporation\u2019s global investment organization. This completes Pico\u2019s $135M Series C investment round that will be used to further fuel Pico\u2019s global growth and expansion plans.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>\u201c<\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>We are honored and proud to have Intel Capital <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>join <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>as an investor <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>and to reach this important funding milestone which is supporting our ongoing growth and global expansion<\/em><br \/>\n        <\/strong>,\u201d said Jarrod Yuster, Pico Chairman, Founder and Co-CEO. <strong><em>\u201cThe<\/em><\/strong><strong><em> strengthening of our balance sheet <\/em><\/strong><strong><em>will continue to allow<\/em><\/strong><strong><em> us to <\/em><\/strong><strong><em>realize our<\/em><\/strong><strong><em>differentiating strategy of <\/em><\/strong><strong><em>investing i<\/em><\/strong><strong><em>n building the most<\/em><\/strong><strong><em> globally comprehensive<\/em><\/strong><strong><em>, robust, scalable and high-performance infrastructure in the <\/em><\/strong><strong><em>financial services <\/em><\/strong><strong><em>industry<\/em><\/strong><strong><em> t<\/em><\/strong><strong><em>hat meets clients current and future needs<\/em><\/strong><strong><em>.\u201d<\/em><\/strong><\/p>\n<p align=\"justify\">The advancements and investments Pico has made over the past 24 months in strengthening its platform and global reach continue to give clients a competitive edge in this unprecedented time with extreme volatility, peak message rates and exponential network traffic growth. These investments include increased capacity, resiliency and diversity of its global financial services network, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=PCAk7gOESx8O2iLJJdNSEC_LQnTM2Jk7w7H-FX1ablb1xGowqN6HaBjyvFG835xSoTUhTeVbmrIwdy_xpuR7EwPhWshRYSbqxe6zzu88yC-fQlK13k0q8gs0oCX29Gdg\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">PicoNet\u2122<\/a>. In addition to introducing 100 Gigabit per second native bandwidth access underpinned by a pure optical backbone network, Pico\u2019s real-time and machine intelligence solution Corvil Analytics, is now enabled for 100Gb networks to monitor new higher throughput environments. The continued investments will also allow Pico to bolster its award-winning platform with automation tools for quicker and deterministic delivery with accuracy and oversight.<\/p>\n<p align=\"justify\">Joining Intel Capital\u2019s list of portfolio companies further enhances Pico&#8217;s growth trajectory with opportunities to build on its deep technology heritage to advance the capabilities that create new and differentiated value propositions for clients.<\/p>\n<p align=\"justify\">Yuster continues: <strong><em>\u201c<\/em><\/strong><strong><em>Intel is a performance <\/em><\/strong><strong><em>leader,<\/em><\/strong><strong><em> and we are excited to have them as a<\/em><\/strong><strong><em>n<\/em><\/strong><strong><em>investor<\/em><\/strong><strong><em>in the next phase of our evolution.<\/em><\/strong><strong><em> We are looking forward to benefitting from <\/em><\/strong><strong><em>their vast technology experience to accelerate AI, big data and analytics-based innovation that will deliver a performance advantage to our clients<\/em><\/strong><strong><em>.<\/em><\/strong><strong><em>\u201d <\/em><\/strong><\/p>\n<p align=\"justify\">The Intel Xeon processor has been at the core of Corvil Analytics&#8217; market-leading performance and capabilities for over fifteen years. Pico recently introduced Intel&#8217;s 2<sup>nd<\/sup> Gen Xeon Scalable platform with built-in AI acceleration in its fifth-generation analytics appliance family bringing new benchmarks in performance and price improvement to its clients. With this latest funding round, Pico and Intel will collaborate to deliver a 100Gbps network data capture and real-time streaming analytics platform for Financial Markets trading. Early-stage development is also underway around building a financial services lab, where Pico and Intel can work with top clients to incubate new concepts around AI processing, Machine Learning, Network and Trade Analytics, and Cloud Monitoring.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>\u201c<\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>Fintech\u2019s impact on capital markets continues to grow and those who successfully tap <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>technological innovations<\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em> can transform their competitiveness,\u201d <\/em><br \/>\n        <\/strong>said Andy Fligel, Senior Managing Director, at Intel Capital.<strong><em> \u201cPico\u2019s track record of innovation and strategic roadmap with Intel technology at its foundation should deliver low-latency high throughput process automation, machine learning and advanced analytics for the financial services industry. We<\/em><\/strong><strong><em> look forward to playing an active role in their success<\/em><\/strong><strong><em>.\u201d<\/em><\/strong><\/p>\n<p align=\"justify\">In addition to Intel Capital, also joining the round are strategic partner EDBI, a global Asian-based investor as announced previously, and new investor CreditEase Fintech Investment Fund. Other key strategic investors and Pico clients include Goldman Sachs, J.P. Morgan, Wells Fargo, UBS, Nomura, DRW Venture Capital, Chicago Trading Company, Capital Markets Trading and Simplex Investments.<\/p>\n<p>\n        <strong>About Intel Capital\u00a0<\/strong>\n      <\/p>\n<p align=\"justify\">Intel Capital invests in innovative startups targeting\u00a0cloud and\u00a0AI infrastructure, 5G, edge, autonomy, cybersecurity, client and gaming, enterprise applications, silicon design and manufacturing,\u00a0and a wide range of other disruptive technologies. Since 1991,\u00a0Intel Capital has invested US$13.3\u00a0billion in more than 1,595\u00a0companies worldwide, and\u00a0707\u00a0portfolio companies have gone\u00a0public or participated in a merger. Intel Capital curates thousands of business development introductions each year between its\u00a0portfolio companies and\u00a0the Global\u00a02000. For more information on what makes Intel Capital one of the world\u2019s most powerful\u00a0venture capital firms, visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Pzq4nUtgJ-tjkUHMJmXGVbO9_C8JIEte56UeWtYqOXLSosH5Mh69Zb2xPzruTRkyvKieIXyQl1Gu4Le_mmEyZq1KaYGvh6TyId2Wt-OsyvixtT4I9fv7NiCHzccd9IE0q6MYRjB6qe6Ed1UN0kWT0mZ71mNcyfLFDD1KYFwiJFkyKfuYTfbNjlHi1LvQeQ81aEEC3paCuMqwFmrobpsZLybcLtEd-uPDpR0dUaj1mhOLq-kC7UL-HnPM5Frb7s93PtVOglD64-lHemYV-gQuS91CqxEqdDq-Ltp0g48fz92D4PjPmpxy23PTufGQ9tWZ-8V05PqlgCJZkk4WKceyZUnw4tmyHayFA-JffXuNUsyGaj3FqZ29SmG4uVN4SV-Drz3csKDcJRnJh6E1VIg-eDTpqa2PnEto_yMCfS3YKFc_m86m8kajquNa9qK8xrw2w47957mZ6y3ZEu7AXELpicFszhbHDoLtJlTmcfJabWEGIziOD2SWaNQ3kyT49cW7NU3hhHu4nRldztZtUlmq_qNX7uZYoOu44KrkjzpIEcrOE02SEDGpErVxFPgVYgR6GUK5L-L4sLmJuL7D4JjwFA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.intelcapital.com<\/a>\u00a0or follow\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=O2NNW8KvK8fWXI1_bwCVASiAEqdk5zqk1yexj2MvMiBDpy5fXkd5g2McB87IOG1lVpnW-arKP1veqsFTwh0ywdN7pMWUtGdLgZKQVNV6UqyqF1goW6Mpi1Q6D8jXSqENjsb1e2-NaFboEfNzKl66TLz0KZxBY5HCz46OntnvAyw575uKVgY_A52Sg3yoFhqgmYsfVFd_ZbzejGOK9cH4yHDU-h-nc7G4aDRwJA2ts4xtSLERmI15E9AC-I3QwmTwiWOKEO1DTC0C5LChFmzmzL6wcDXtCBDF9cVUZ95a5X7_gxtDhyLAkgtmSulP66KTaazKETtK7LR2TjZo7hwx9nxqAsKhne_fLhOcMnYlkoCD_nw_TAq8uLzTxsfGGo2b9xiHWaZr6d_BKIlCeg0oR-I600goRsX5h4B-B9eIF81sPf_CxmP8DLqP8ZFA0pB3ZMh4jWV4AGfUyu-s0de8CO_8otLooXFMKA50vmYtEw9l5ANwzEloNuOkLHgbXLB9vja2n6s9Pwj71CYsB7BsZg3iMpxR9emjvsKnE7m4pDugU5_E-4i1GUgIOCQyuI2T\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">@Intelcapital<\/a>.\u00a0\u00a0<\/p>\n<p align=\"justify\">\n        <strong>About Pico<\/strong><br \/>\n        <br \/>Pico is a leading provider of technology services for the financial markets community. Pico provides a best-in-class portfolio of innovative, transparent, low-latency markets solutions coupled with an agile and expert service delivery model. Instant access to financial markets is provided via PicoNet\u2122, a globally comprehensive network platform instrumented natively with Corvil analytics and telemetry. Clients choose Pico when they want the freedom to move fast and create an operational edge in the fast-paced world of financial markets.<\/p>\n<p align=\"justify\">To learn more about Pico, please visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-zWy3Qn-9mETa5FpxkAXuM-pN7itOusIf1Dln61HymJOedKFSaCfmUaXNk6cCYSAvLrAffYQru4cFb9FOLjFbw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">pico.net<\/a>.<\/p>\n<p>\n        <strong>Media Contact<\/strong>\n      <\/p>\n<p>Pico Press Office:<br \/>Isabel Dalton<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=p3TSEqVfZ6k3Cbyh9d9SUyXItN121fy4U05_cnQdbZ5i1ul2m99ZvdX-PQewvlnVBCBMm7repla3ryEfC4jK-AZ0thejgrTF25gWRW7-rRc=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">isabel.dalton@pico.net<\/a>\u00a0<br \/>+ 353 87263 9021<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5ODQ5NSMzODYwMDM3IzIxOTIzODU=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/48a3ec8d-bb6f-4a96-9e93-ab2a7830bd11\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Pico will benefit from Intel Capital\u2019s strong expertise in disruptive technology innovation and value-added approach to accelerate its next phase of growth NEW YORK, Dec. 08, 2020 (GLOBE NEWSWIRE) &#8212; Pico, a leading provider of technology services for the global financial markets community, today announced it recently closed on a strategic investment with Intel Capital, Intel Corporation\u2019s global investment organization. This completes Pico\u2019s $135M Series C investment round that will be used to further fuel Pico\u2019s global growth and expansion plans. \u201c We are honored and proud to have Intel Capital join as an investor and to reach this important funding milestone which is supporting our ongoing growth and global expansion ,\u201d said Jarrod Yuster, Pico Chairman, Founder and Co-CEO. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pico-names-intel-capital-as-new-investor-and-completes-135-million-investment-round\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Pico Names Intel Capital as New Investor and Completes $135 Million Investment Round&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-395000","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pico Names Intel Capital as New Investor and Completes $135 Million Investment Round - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pico-names-intel-capital-as-new-investor-and-completes-135-million-investment-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pico Names Intel Capital as New Investor and Completes $135 Million Investment Round - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Pico will benefit from Intel Capital\u2019s strong expertise in disruptive technology innovation and value-added approach to accelerate its next phase of growth NEW YORK, Dec. 08, 2020 (GLOBE NEWSWIRE) &#8212; Pico, a leading provider of technology services for the global financial markets community, today announced it recently closed on a strategic investment with Intel Capital, Intel Corporation\u2019s global investment organization. This completes Pico\u2019s $135M Series C investment round that will be used to further fuel Pico\u2019s global growth and expansion plans. \u201c We are honored and proud to have Intel Capital join as an investor and to reach this important funding milestone which is supporting our ongoing growth and global expansion ,\u201d said Jarrod Yuster, Pico Chairman, Founder and Co-CEO. &hellip; Continue reading &quot;Pico Names Intel Capital as New Investor and Completes $135 Million Investment Round&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/pico-names-intel-capital-as-new-investor-and-completes-135-million-investment-round\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-08T11:03:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5ODQ5NSMzODYwMDM3IzIxOTIzODU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pico-names-intel-capital-as-new-investor-and-completes-135-million-investment-round\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pico-names-intel-capital-as-new-investor-and-completes-135-million-investment-round\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Pico Names Intel Capital as New Investor and Completes $135 Million Investment Round\",\"datePublished\":\"2020-12-08T11:03:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pico-names-intel-capital-as-new-investor-and-completes-135-million-investment-round\\\/\"},\"wordCount\":819,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pico-names-intel-capital-as-new-investor-and-completes-135-million-investment-round\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5ODQ5NSMzODYwMDM3IzIxOTIzODU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pico-names-intel-capital-as-new-investor-and-completes-135-million-investment-round\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pico-names-intel-capital-as-new-investor-and-completes-135-million-investment-round\\\/\",\"name\":\"Pico Names Intel Capital as New Investor and Completes $135 Million Investment Round - 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This completes Pico\u2019s $135M Series C investment round that will be used to further fuel Pico\u2019s global growth and expansion plans. \u201c We are honored and proud to have Intel Capital join as an investor and to reach this important funding milestone which is supporting our ongoing growth and global expansion ,\u201d said Jarrod Yuster, Pico Chairman, Founder and Co-CEO. &hellip; Continue reading \"Pico Names Intel Capital as New Investor and Completes $135 Million Investment Round\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/pico-names-intel-capital-as-new-investor-and-completes-135-million-investment-round\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-08T11:03:27+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5ODQ5NSMzODYwMDM3IzIxOTIzODU=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pico-names-intel-capital-as-new-investor-and-completes-135-million-investment-round\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pico-names-intel-capital-as-new-investor-and-completes-135-million-investment-round\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Pico Names Intel Capital as New Investor and Completes $135 Million Investment Round","datePublished":"2020-12-08T11:03:27+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pico-names-intel-capital-as-new-investor-and-completes-135-million-investment-round\/"},"wordCount":819,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pico-names-intel-capital-as-new-investor-and-completes-135-million-investment-round\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5ODQ5NSMzODYwMDM3IzIxOTIzODU=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pico-names-intel-capital-as-new-investor-and-completes-135-million-investment-round\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/pico-names-intel-capital-as-new-investor-and-completes-135-million-investment-round\/","name":"Pico Names Intel Capital as New Investor and Completes $135 Million Investment Round - 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