7 Chord Inc Partners with NYU to Bring Deep Tech to Bond Market

NEW YORK–(BUSINESS WIRE)–7 Chord, Inc., creator of BondDroid, a proprietary AI system that
forecasts bond market trends, was among the 8% of applicants accepted
into Creative
Destruction Lab-New York City (CDL-NYC)
at NYU’s Stern School of
Business. 7 Chord was the only fintech start-up of 27 companies accepted
into the 2018-2019 cohort.

“At CDL-NYC, we admit ventures with the potential to disrupt entire
industries. 7 Chord stood out during our application process as having a
unique combination of technology and talent that we believe could
disrupt the $40 trillion fixed income market. We look forward to the
company’s great success,” said Deepak Hegde, Director of CDL-NYC.

Originally launched at the University of Toronto, CDL is a seed-stage
program for massively scalable, disruptive, science-based companies.
CDL-NYC differentiates itself by its outstanding network of
world-renowned scientists and its inter-disciplinary focus on deep tech.

“Over the years I have had the honor to work with Roy Lowrance, a leader
in the AI technology community,” said Paul Horn, NYU Distinguished
Scientist in Residence and former head at IBM Research, under whose
leadership IBM produced an unmatched string of technological
breakthroughs, including Deep Blue. “I congratulate 7 Chord for
attracting as Chief Scientist someone with his deep knowledge and
background.”

Through the program, startup founders are coached by business mentors,
investors and scientists to meet individualized business objectives on
eight-week intervals. CDL-NYC is an academic initiative of NYU’s Stern
School of Business, CDL-NYC does not take equity or collect fees from
startups. Its operations are supported by its Founding
Partners and Corporate Partners
. However, startups that fail to
execute on their objectives can be cut from the program at the
discretion of the mentors, so that resources can be concentrated around
ventures that are excelling. Those that meet their objectives are likely
to attract investment from the program’s mentors, as well as from one of
the many venture capital firms that are represented in the program.

“Working with CDL-NYC formalizes our long-standing relationship with one
of the world’s greatest educational institutions. We are an active
recruiter of the top engineering and data science talent on campus, and
several founders are NYU alumni. In March 2018, 7 Chord was a sponsor of
HackNYU, its annual 48-hour hackathon,” said Kristina Fan, Founder and
CEO of 7 Chord.

For more information about the Creative Destruction Lab, please visit https://www.creativedestructionlab.com/
and follow on Twitter: @creativedlab

For more information about 7 Chord, Inc., please visit http://www.7-chord.com/
and follow on Twitter: @7chordbd.

Contacts

Nathan Akhavan
nathan.akhavan@7-chord.com