Pico

Pico

Provides trading infrastructure and analytics solutions

About Pico

Simplify's Rating
Why Pico is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Data & Analytics

Crypto & Web3

Financial Services

Company Size

501-1,000

Company Stage

Growth Equity (Venture Capital)

Total Funding

$391.4M

Headquarters

New York City, New York

Founded

2009

Overview

Pico offers financial services that focus on trading in global markets, primarily serving clients like crypto market makers and exchanges. The company provides colocation hosting, cloud services, and trading software, which help businesses enhance their trading capabilities with tailored solutions and 24/7 support. Pico's Corvil Cloud Analytics allows organizations to monitor real-time application performance, while their Redline Software improves trading speed and reduces costs. Unlike competitors, Pico combines infrastructure, analytics, and software to empower financial institutions to optimize their operations.

📈
Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • Pico's partnership with BMLL enhances historical and real-time data integration capabilities.
  • Expansion into the Middle East opens new market opportunities for Pico.
  • Machine learning and AI in Corvil Analytics 10.0 position Pico for future growth.

What critics are saying

  • Emerging fintech companies could erode Pico's market share with similar solutions.
  • Geopolitical risks in the Middle East may disrupt Pico's operations.
  • Rapid AI evolution may outpace Pico's current offerings, reducing competitiveness.

What makes Pico unique

  • Pico offers comprehensive trading solutions with low-latency infrastructure and analytics.
  • Corvil Cloud Analytics provides granular visibility into real-time application performance.
  • Redline Software enhances tick-to-trade performance and global liquidity access.

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Funding

Total Funding

$391.4M

Above

Industry Average

Funded Over

5 Rounds

Growth Equity VC funding comparison data is currently unavailable. We're working to provide this information soon!
Growth Equity VC Funding Comparison
Coming Soon

Benefits

Hybrid Work Options

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

19%

1 year growth

4%

2 year growth

19%
FF News
Jan 14th, 2025
Pico And Bmll Forge Groundbreaking Partnership To Offer Enhanced Historical And Real-Time Data Integration Capabilities

Pico, a leading global provider of mission-critical technology services, software, data and analytics for the financial markets community, and BMLL, a leading independent provider of harmonized Level 3, 2 and 1 historical data and analytics, today announced a strategic partnership designed to uniquely address the growing need for access to real-time and historical data sets simultaneously to accelerate research, understand liquidity dynamics and optimize trading outcomes.Central to the partnership, Pico’s raw real-time and historical data empowers BMLL’s Level 3, 2, and 1 offerings, enabling clients to gain granularity and actionable insights. In addition, Pico’s globally comprehensive infrastructure, market and broker connectivity, high-performance feed handler, and API for market data and order execution further enhance these capabilities. The combination of Pico and BMLL products and services provides a full-suite solution of historical data, backtesting, and live trading environments tailored for quantitative analysts, banks, and brokers to transition from research stages through to production while optimizing performance and reducing complexity – an unmatched combination in the industry.This specialized end-to-end solution recently addressed the needs of a large European hedge fund expanding into U.S. equities. By leveraging the combined normalized raw historical and real-time data, it provided increased efficiency in market data functionality, performance, flexibility, and time to market.“Integrating Pico’s solutions with BMLL allows quants and high-performance traders to streamline their workflows with a unified set of technologies as they move through their journey from research to testing and into production,” said Jarrod Yuster, Chairman, Founder and CEO of Pico. “This solution directly addresses the growing demand for comprehensive front-office trading technology, streamlining the entire process with precision and efficiency.”BMLL offers high-quality historical data derived from raw underlying exchange data; this data is harmonized into a consistent, lossless global format with nanosecond timestamp granularity to provide market participants with better insights and analytics

GlobeNewswire
Apr 23rd, 2024
Pico Launches Machine Learning and AI Capabilities in Corvil Analytics 10.0 Software Release

Pico launches machine learning and AI capabilities in Corvil Analytics 10.0 software release.

BNN Bloomberg
Feb 29th, 2024
Exertis Almo Teams Up with PICO North America, Expanding XR Solutions for Enterprises

In a strategic move to enhance enterprise training, learning, and healthcare through Extended Reality (XR), Exertis Almo has announced a new partnership with PICO North America.

GlobeNewswire
Feb 13th, 2024
Pico Announces Binance Plug-In for Corvil Cloud Analytics

NEW YORK, Feb. 13, 2024 (GLOBE NEWSWIRE) - Pico, a leading global provider of mission-critical technology services, software, data and analytics for the financial markets community, today announced the availability of a Binance analytics plug-in for its Corvil Cloud Analytics product on AWS (Amazon Web Services) public cloud environments.

Yahoo Finance
Jan 22nd, 2024
Asianext Selects Pico For Groundbreaking Digital Assets Exchange

PicoCorvil Cloud Analytics enables AsiaNext to provide continuous performance improvements and responsive fault resolution for any order or tick to maximize the execution outcomes for their institutional clientsNEW YORK, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Pico, a leading provider of mission-critical technology, data and analytic services for the financial markets community, today announced that AsiaNext has selected Pico’s Corvil Cloud Analytics to monitor the performance of digital securities and crypto trading on their digital exchange.Building on Corvil Analytic’s two-decade legacy in the financial services sector, the new partnership underscores the platform's unmatched capability in extracting and correlating technology and transaction performance intelligence from dynamic network environments. With its high throughput, lossless, and granular time-stamped data capture, Corvil Cloud Analytics remains the industry's gold standard, extending its reach to the rapidly evolving world of digital asset and cryptocurrency trading."Our latest integration with Corvil Cloud Analytics marks a new era in digital asset trading,” said Keng Yin, CTO, AsiaNext. “This powerful tool empowers us with real-time, in-depth insights and facilitates smarter and faster transactions backed by the most precise data available.”Key Benefits of Corvil Cloud Analytics for the Crypto Derivatives Exchange:Maximum Visibility : Ensures comprehensive oversight of every order and market data tick across all client connections, enabling responsive and precise client support.Granular Instrumentation : Offers per-packet and per-application message analytics across every hop in the exchange’s cloud-hosted infrastructure. AsiaNext will use this data to make continuous performance improvements to maximize clients’ execution outcomes on the exchange.Transparency: AsiaNext will leverage the Corvil data to provide a detailed record of all client activity to help resolve issues regardless of fault. Speed to resolution and insights that lead to improvements for both clients and the exchange are the key outcomes of Corvil Cloud Analytics.Story continues"The world of digital asset and crypto spot/derivatives trading demands the highest levels of precision, transparency, and reliability

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Pico is Hiring for 14 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
We update Pico's jobs every few hours, so check again soon! Browse all jobs →

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