Mercata

Mercata is a software product that stores a fundamental investment firm's theses, decisions, diligence and internal materials. It reads SEC filings, transcripts, news and the firm's own documents, and surfaces items relevant to the firm's open questions, positions and watchlists. The site describes answers as grounded in cited source text.

The product is aimed at long/short and multi-strategy hedge funds, with the site naming PMs, COOs and CIOs as the people it works with. The company says it is deployed in production at one long/short hedge fund as a paying design partner. It states that customers can pay through soft dollars under Section 28(e), and describes itself as early-stage and venture-backed.

The site lists a CEO and co-founder, Rich Emrich, and a CTO and co-founder, Matthew Rennie, and no founding year or headquarters address. Three open roles are listed, all marked as remote in New York and Toronto: Head of Business Development, and two equity analyst positions for paid user testing.

Product: AI research and knowledge system for hedge funds that captures firm theses and monitors filings, transcripts and news against them.