Syndicated Loan Direct

Syndicated Loan Direct is a company that participated in the Class 60 - Barclays NYC 2015 Summer cohort of Techstars and raised an estimated $3,435,000.

firstAI is a company that uses artificial intelligence to extract data from contracts from leveraged finance and CMBS. The company was founded in 2016 by Shaheen Kanda, in New York, United States.

The focus of firstAI is to utilize collective artificial intelligence to create customizable datasets, evaluate risk, and to analyze complex contracts for financial purposes. Their software also allows for team collaboration and data extraction. The company has developed proprietary machine learning algorithms to work with leading financial institutions.

The company is affiliated with companies such as Techstars and Innovation Lab, as the CEO is an alum of the two firms. firstAI was originally known as Syndicated Load Direct.

firstAI raised an undisclosed amount in seed money from Barclays Accelerator, powered by Techstars, London, and Techstars in 2015. In 2016, the company raised $1,435,000 in Convertible Note from Frank Sica and VicaStream Ventures. $2,000,000 in seed was raised by firstAI from Frank Sica in 2017.