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Corvil

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Provides monitoring and risk mitigation solutions for IT industry

New York City, United StatesFounded 2000Fintech
Valuation $25–50M Last recorded · 2008
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
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About Corvil

Corvil, founded in Dublin, Ireland in 2000, operates as a specialized network data analytics provider primarily for the electronic financial markets. The company was established by Professor John Lewis, along with former students and colleagues Ian Dowse, Fergal Toomey, and Raymond Russell. In July 2019, Corvil was acquired by Pico, a prominent provider of technology services for the global financial markets. Following the acquisition, the combined entity operates under the Pico brand, while the Corvil name is maintained for its product portfolio. The firm's then-CEO, Donal Byrne, transitioned to the role of Chief Technology Officer at Pico.

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The core of Corvil's business is providing real-time visibility and operational intelligence derived from network data. Its technology is engineered to capture, decode, and analyze high-volume network traffic with nanosecond precision, transforming raw data packets into structured insights. This allows clients to monitor the performance of their trading applications, infrastructure, and market data feeds. The platform's capabilities include latency management, gap detection in market data, and transaction monitoring, which helps firms ensure speed, transparency, and compliance. For example, the system can identify if trades are based on the latest market data and optimize the entire trading infrastructure. Its analytics engine also employs machine learning to automatically detect anomalies and significant events, reducing troubleshooting times from days to hours.

Corvil's offerings are utilized by a wide range of financial institutions, including global banks, exchanges, market makers, quantitative hedge funds, and financial technology vendors. Prominent clients have included the New York Stock Exchange, NASDAQ, and Thomson Reuters. The business model centers on selling its analytics solutions, which are available as hardware appliances, software-defined sensors for virtual and cloud environments, and as a managed service known as "Corvil-as-a-Service" through the Pico global network. This allows clients to deploy Corvil's capabilities on-premise, in the cloud, or in hybrid environments to monitor everything from traditional trading to emerging crypto markets.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2000
Headquarters
New York City, United States
Employees
58
Open positions
None listed
Dealroom signal
75.6/100
Industry
Fintech
Sector
Fintech, Trading, Testing, Verification, Risk Management, Analytics, Delivery, Messaging, Security, Performance Management, Banking
Technology
Big Data
Business model
SaaS
Client focus
b2b

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Jul 2019 $0 — Pico Quantitative Trading —
LATE VCOther financing Jul 2008 $12M $48M Apax Partners · Act Venture Capital · Vesbridge Partners —
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Growth signals

Corvil website traffic

Latest recorded traffic for Corvil is 1.1K monthly website visits, down 90% over the last three months. Corvil's team grew 1.8% over the past year.

Latest monthly visits1.1K 3-month web change-90% 1-year team growth+1.8%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

4 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

  • Apax Partners

Series B and later2 investors entered at this stage

  • Act Venture Capital
  • Vesbridge Partners

Other known investors1 additional known investor

  • Pico Quantitative Trading
Team profiled 22 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
7 countries with
team presence
🇮🇪 Ireland47.8%
🇵🇱 Poland21.7%
🇪🇸 Spain13%
🇮🇳 India4.3%
🇺🇸 United States4.3%
Top 5 of 7 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Corvil on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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