Correlix, a leader in Latency Intelligence solutions that monitor and analyze trading execution and market-data flows in real time, raises additional $8 million Series B financing round led by Sequoia Capital, a leading venture capital player which was joined by existing investors Genesis Partners, Blumberg Capital and Xenia Ventures.

Correlix will use the new financing to further enrich its Latency Intelligence solutions and to expand globally to meet the demands of its growing, global customer base.

Correlix Inc. enables customers to monitor measure and minimize latency in market data flow and trade execution in real time. Correlix Latency Intelligence (Correlix LI) software pinpoints and quantifies sources of latency reducing the time it takes by milliseconds to obtain and act on market data. Providing both real time and historical analysis, customers use Correlix products to trace trading transactions across complex, diverse landscapes to report multi-step flow latency by destination, customer or trade path. Correlix customers include capital market firms on the buy and sell side and in exchange environments.

“The advancements in the deployment and usage of automated trading systems make the Correlix value proposition a critical ingredient for every trader, fund and exchange looking to remain competitive in this demanding new reality,” said Yuval Baharav, a partner at Sequoia Capital.

Established in 2005, Correlix is headquartered in New York with research and development offices in Israel.