The problem
Portfolio managers piece together risk and performance across fragmented systems and can't see what's really driving returns
What they do
Portfolio intelligence platform for hedge funds: risk, attribution, crowding, research and alpha capture
Traction 300+ institutions managing $20T+ use it; team more than doubled in a year
Hiring trend
- Open roles
- 28
- Ops roles
- 4
- Headcount
- ~250-350
Headcount +122% YoY (~348, LinkedIn); postings +193% in 2026 (Revelio); 28 open roles
Hiring in
- Bengaluru
- Coimbatore
- New York
- Remote (UK)
Glassdoor
4.4 ★ 33 reviews ↗Funding
- Last round
- $17M
- Stage
- Series B
- Date
- Apr 2026
Led by Undisclosed (backers include D1 Capital, Abstract Ventures, Stanley Druckenmiller)
- Hiring+1.528 open roles on the live job board (10–29 roles = +1.5)
- Funding recency+1.5Series B · $17M, Apr 2026 (6 months ago): 6 months or less = +1.5
- Traction+1.5Strong growth: 300+ institutions managing $20T+ use it; team more than doubled in a year
- Red flags0None found in the last 24 months
- Total4.51.5 + 1.5 + 1.5 − 0 = 4.5 → Race (4.25–4.74)
Distance (10K) is a separate read on how long the lead can last. It doesn't change the score.
Distance
10K · edge: hard to leave
Fast-growing with 300+ funds plugged in, but a challenger to MSCI Barra, Axioma, Bloomberg PORT and FactSet, which own most buy-side risk budgets.
Sources: FFSpotlight: Arcana iOS app, 300+ institutions, $20T AUM (Sep 2026) ↗ · PitchBook: Arcana Series B $17M (Apr 2026) ↗
Last checked Oct 25, 2026