We started Radient four years ago. Our mission was to make investing in alternatives easier through better information. We believed that assembling and understanding all the available information on alternative funds, with the ability to compare them against each other, and even against public funds and benchmarks, would be a game changer.
That vision is now a reality. We've built the world's leading AI-native alternative fund intelligence platform, and this summer we announced our 50th customer. We're trusted by the world's leading allocators, asset managers, and service providers. Radient now gets over 50,000 visitors monthly, and we track over 68,000 funds across hedge funds and private equity, nearly the entire market and the most comprehensive coverage anywhere.
Rewind to early 2022. I remember conversations with Peter, Philippe, and Sanjana, information on alternative funds was buried in documents, regulatory filings, and vendor databases, and the industry was running on a slew of siloed legacy tools from the early 2000s. We believed AI could radically change the alternatives industry, and we started building. This was in January 2022, months before ChatGPT and AI's breakout moment that November.
Peter and Philippe had conviction and backed the leap. I then convinced Sanjana to join and lead product development, and Radient was born. We assembled the core team, built like crazy, and brought on our first customers later that year.
I am so proud of what we have accomplished together, a testament to our product and to this team’s dedication and perseverance. Radient is now widely considered the best platform for researching hedge funds, and we are on track to be the leading platform for private equity too, with other fund types launching soon.
We believed three foundational pieces to unlock alternatives, and each depended on AI:
- Transparency and connectedness: The foundation had to be high-precision, connected information to drive investment decisions. The problem was that this information was hard to acquire and scattered, across vendor databases, regulatory filings, investment factsheets, investor decks, and offering memos.
- Comparison and benchmarking: For alternatives to go mainstream and scale, investors needed a consistent way to compare private funds against public funds and benchmarks, so they were explainable not just to institutions, but to the mass affluent too.
- Engagement: At its core, information and comparison should make it easier for LPs to identify the GPs that meet their mandate, and just as easy for GPs to connect with and raise from those LPs. Service providers across prime, admin, audit, and custody should be able to serve both sides with less friction in fundraising, diligence, investment monitoring, and vendor selection. That's what raises the velocity and scale of investment across the whole system. This is where our product focus is headed over the next few months.
We have largely solved 1 and 2. Radient now connects everything: data vendors, research, and our own public sourcing, to surface the signals that matter, and makes it easy to compare and benchmark across alternative and public funds. Now we're pushing hard to build market awareness and get Radient into the hands of more investors, while continuing to add integrations.
Next, we are pushing hard on engagement, because that's what will take Radient from improving investment research workflows to helping the entire industry scale.
HFR partnered with us early, and I'll be eternally grateful to Joe and his team. That partnership let us build the best HF analysis solution in the market. We recently partnered with PEI and are launching our PE offering. We're proud to now be certified as part of Anthropic's Claude Partner Network.
We have been almost entirely founder-funded, but a number of industry stalwarts believed in us enough to invest both their capital and their time. Thank you Eric, Rob, Matt, Mark, Madhavan, Jess, Dutt, and Joyce, to name a few. And thank you to my wife, Nisha, for trusting and believing in this, and for letting me invest most of our money, and for sharing both the stress and the joy of building a startup.
A huge thank you to each of our customers. We're grateful for your trust, your product feedback, and the referrals that have been instrumental in growing our business.
If you are an LP investing in hedge funds or private equity, Radient is the AI-powered edge for your manager sourcing, analysis, and diligence, making you more efficient, giving you back precious time, and making sure you never miss an opportunity or a red flag.
For GPs, Radient identifies which LPs are allocating to your strategy and shows how you stack up against peers.
If you are building in alternatives, Radient is the platform to core platform to build with. For any task or workflow where you believe AI could be instrumental, Radient brings the foundational platform and a forward-deployed engineering team (Claude-certified) to tackle it, shrinking time-to-value from months/ years to days/weeks, cutting risk, and using tokens efficiently to manage cost.
We’re on a mission to grow 10x over the next 3 years and have amazing partnerships lined up. Watch this space.
Go team Radient.. onward to 500 customers.
