Trill Financial Inc., which uses artificial intelligence technology for asset management, has raised $370,000 in a private debt offerings, according to an Oct. 19 filing with the Securities and Exchange Commission.
Trill Financial raised the money from five investors. The company has $630,000 remaining to be sold from the offering.
The company also raised $20,000 in February 2017, another $20,000 in December 2015 and $10,000 in November 2015.
Trill Financial was founded in 2014 by Akash Ganapathi and Simon Jung, who serve as CEO and CTO, respectively.
Ganapthi had previously worked at Cisco Systems Inc. and SAS Institute Inc as a software engineer. Jung has worked at the Cannon Research Center as a data scientist.
The two co-founders lead a team of financial industry experts such as Eric Freedman, chief investment officer at US Bank, Thomas Looney, former Lenovo vice president, and Kevin Adams, a senior vice president at Raymond James Financial.
Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.
Note: This story is from the North Carolina Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism.