C
Corvil
Provides monitoring and risk mitigation solutions for IT industry
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.
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
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
Growth signals
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.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
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- VPVesbridge Partners
Other known investors1 additional known investor
Pico Quantitative Trading
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Corvil on X, ranked by likes and reposts, corporate channels excluded.
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