SteelEye
SteelEye is a UK-based RegTech SaaS company providing an integrated compliance platform for financial services firms, covering trade and communications surveillance, record keeping, regulatory reporting, and best execution analysis. It serves asset managers, banks, brokers, hedge funds, and trading platforms globally.
- Company typePrivate
- Founded2017
- HeadquartersLondon, United Kingdom
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What SteelEye does
SteelEye is a UK-headquartered RegTech company that provides a cloud-based SaaS compliance platform for regulated financial firms. Founded in 2017 and headquartered in London, the company serves asset and wealth managers, banks, brokers, hedge funds, commodity trading firms, and trading platforms globally, with additional offices in New York, Singapore, Braga, and Bangalore. The platform consolidates structured data (trade and order data) and unstructured data (email, chat, voice, mobile messaging) under a unified data layer to support trade surveillance, communications surveillance, regulatory reporting, archiving, eDiscovery, and best execution analysis across regulations including MiFID II, EMIR, Dodd-Frank, MAR, SM&CR, FINRA, CFTC, and SEC.
The core technology is the SteelEye Data Platform, on which the company has built a suite of interconnected modules including Integrated Surveillance, Trade Surveillance, Communications Surveillance, Compliance CoPilot (an AI-driven assistant), Archiving & Record Keeping, Best Execution and Transaction Cost Analysis, eDiscovery, MiFIR Transaction Reporting, Three-Way Reconciliation, Trade Reconstruction, Voice Transcription, and Management Information analytics. The platform connects to more than 50 data sources spanning trading platforms (Bloomberg TSOX/FXGO/EMSX/AIM, CME Fix, Enfusion, Fidessa, FlexTrade, Itiviti, One Zero), communications channels (Microsoft Exchange, Teams, Slack, Symphony, Zoom, WhatsApp, Signal, Telegram, WeChat, Bloomberg Mail, Refinitiv Messenger, ICE Chat, CME Chat), and reference data (FCA/ESMA FIRDS). Voice transcription is powered by AWS or DeepGram, and AI capabilities support anomaly detection, NLP-based communications monitoring, generative AI assistance through Compliance CoPilot, and automated regulatory reporting workflows. The company holds SOC 2 Type 2 and ISO 27001 certifications.
SteelEye operates a direct enterprise sales model targeting financial institutions, with custom annual subscription pricing based on assets under management, number of users, regulatory regimes covered, and data volume. The company has raised approximately $45 million across multiple funding rounds, with a $21 million Series B in September 2022 led by Ten Coves Capital. Named customers include Fidelity International, Schroders (over £500bn AUM), Tavira Securities, Capital Index, Braemar, Atlas Infrastructure, DMA, AvaTrade, and CIAM. In November 2025, SteelEye merged with FundApps to create a unified global regulatory compliance platform, combining SteelEye's surveillance and reporting capabilities with FundApps' sanctions screening technology.
SteelEye firmographics
Firmographics- Name
- SteelEye
- Legal name
- SteelEye Limited
- Website
- https://steel-eye.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- SteelEye is a UK-based RegTech SaaS company providing an integrated compliance platform for financial services firms, covering trade and communications surveillance, record keeping, regulatory reporting, and best execution analysis. It serves asset managers, banks, brokers, hedge funds, and trading platforms globally.
- Ownership category
- akta.pro rank
SteelEye industry classification
Industry- Product category
- Regulatory Compliance Software (RegTech)
- NAICS
- Software Publishers (5132)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Market Surveillance & Trade Monitoring (FSAFAOAC)
- akta.pro secondary industry
- Transaction Reporting (MiFID/EMIR/SFTR/SEC) Solutions (FSAFAOAB)
Keywords
Where SteelEye is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices5 records
Markets served
SteelEye business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations
Revenue model
- SaaS Platform Subscription: SteelEye operates as a SaaS-based RegTech platform providing compliance solutions to regulated financial firms. The platform is sold on a subscription basis, likely with tiered pricing based on asset volume, data sources, or regulatory scope. As a compliance technology platform serving enterprise financial institutions, the revenue model centers on recurring subscription contracts with annual billing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Quote-based enterprise pricing |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
SteelEye product offering
Product offeringCore offering
SteelEye provides a cloud-based SaaS RegTech platform that consolidates trade, order, communications, market and reference data into a single compliance lens for regulated financial firms. The platform delivers integrated trade and communications surveillance, regulatory reporting (MiFID II/MiFIR, EMIR, Dodd-Frank, MAR, SM&CR, FINRA, CFTC, SEC), WORM-compliant archiving and record keeping, best execution and TCA, eDiscovery, trade reconstruction, voice transcription, and an AI-driven Compliance CoPilot.
Product overview
SteelEye is a RegTech SaaS platform providing integrated compliance solutions for regulated financial firms. The core Data Platform consolidates all regulatory data (trade, order, communications, market data, reference data) under a single lens. Built on this platform are interconnected modules: Integrated Surveillance (core module combining trade and communications monitoring), Trade Surveillance, Communications Surveillance, Compliance CoPilot (AI assistant), Archiving & Record Keeping, Best Execution & TCA, eDiscovery, MiFIR Transaction Reporting, Three-Way Reconciliation, Trade Reconstruction, Voice Transcription, and Management Information. The platform is sector-agnostic serving asset managers, banks, brokers, hedge funds, and trading platforms, and supports global regulations including MiFID II, MAR, EMIR, Dodd-Frank, SM&CR, and SEC/FINRA/CFTC requirements.
Differentiator
Problem solved
Functional benefit
Products and services
- Data Platform Core SaaS data platform consolidating structured and unstructured compliance data (trade, order, communications, market and reference data) for financial services firms.
- Integrated Surveillance Unified surveillance solution combining trade and communications monitoring in a single workflow for holistic oversight of all trading and communications activity to detect market abuse and insider trading.
- Trade Surveillance Advanced trade supervision and analytics for detection of market manipulation, insider trading, spoofing, and suspicious trading patterns.
- Communications Surveillance Communications monitoring across email, chat, mobile messaging (iMessage, WhatsApp, Signal, Telegram, WeChat), voice, and collaboration platforms for regulatory compliance.
- Archiving & Record Keeping Tamper-proof, WORM-compliant information archiving platform for orders, trades, and communications with eDiscovery, legal hold, and trade reconstruction.
- MiFIR Transaction Reporting Automated MiFID II/MiFIR transaction reporting with eligibility checks, data validation, rejection handling analytics, and ARM/NCA submission.
- Best Execution and Transaction Cost Analysis (TCA) Asset-class agnostic best execution monitoring and transaction cost analysis solution enabling firms to demonstrate best execution compliance.
- Compliance CoPilot AI-powered compliance assistant using generative AI to reduce inefficiencies and provide intelligent guidance for compliance workflows.
- eDiscovery Electronic discovery capabilities for identifying, preserving, collecting, and producing electronically stored information for legal and regulatory proceedings.
- Three-Way Reconciliation
- Trade Reconstruction
- Voice Transcription Engine
- Management Information
- Sanctions Screening (via FundApps merger)
Quantifiable outcome
- 88% revenue increase in 2021
- +2 more outcomes
Companies that use SteelEye
Customer profileNamed customers9 records
Segments6 records
Ideal customer profiles3 records
SteelEye technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration34 records
AI capability9 records
Feature7 records
SteelEye partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered flagship and core.
- FundAppsflagshipFundApps and SteelEye merged in November 2025 to create a unified global regulatory compliance platform. The combined entity serves clients globally including banks and asset managers, with focus on automation, transparency, and unified control across regulatory processes. This merger combines SteelEye's surveillance and reporting capabilities with FundApps' sanctions screening technology.
- VerintcoreSteelEye and Verint partnered to revolutionize voice compliance in financial services. The partnership integrates Verint's voice capture and analytics capabilities with SteelEye's compliance platform, enabling comprehensive voice surveillance and regulatory compliance for financial institutions.
- Intelligent VoicecoreSteelEye and Intelligent Voice formed a strategic partnership to transform voice surveillance capabilities. The partnership enables financial services firms to capture, transcribe, and monitor voice communications for regulatory compliance through integrated voice surveillance technology.
Scale indicators3 records
Recent moves6 records
Expansion highlights7 records
SteelEye competitors and assessment
Company assessmentBroad incumbents
- NICE Actimize: NICE Actimize is the largest enterprise financial-crime, trading, and communications surveillance vendor. It competes directly with SteelEye across trade surveillance, communications surveillance, and regulatory reporting, but serves a broader portfolio of financial-crime and compliance products at large global banks.
- Nasdaq SMARTS: Nasdaq SMARTS is a market-leading trade surveillance platform used by exchanges and regulators globally. It is a direct competitor in trade surveillance and market abuse detection, with stronger reach into exchanges and sell-side institutions than SteelEye.
Direct peers
- Behavox: Behavox is a direct competitor in AI-driven communications surveillance and compliance for financial services. Both firms offer trade + communications surveillance with AI/NLP capabilities, serving similar buy-side and sell-side clients.
- Eventus Systems: Eventus Systems is a direct competitor in multi-asset trade surveillance and market manipulation detection. Both firms serve global exchanges, regulators, and trading firms, with overlapping capabilities in cross-asset trade surveillance and regulatory reporting.
- B-next: B-next is a direct competitor in market surveillance, trade monitoring, and regulatory reporting for financial institutions, with strong presence in European markets overlapping with SteelEye's core European customer base.
- Theta Lake: Theta Lake is a direct competitor in communications compliance and surveillance, particularly for video, voice, chat, and email channels. Both firms serve regulated financial institutions with AI-enabled comms surveillance and archiving.
- Global Relay: Global Relay is a direct competitor in archiving and communications compliance for financial services, with overlapping capabilities in capture, retention, and supervision of regulated communications across multiple channels.
- Cappitech: Cappitech is a direct competitor in regulatory transaction reporting (MiFID II/MiFIR, EMIR, SFTR, etc.). The firms overlap significantly in transaction reporting and best execution capabilities sold to banks, brokers, and asset managers.
- Smarsh: Smarsh is a direct competitor in archiving and communications compliance, with broader archival coverage for regulated industries. Both firms compete for financial-services customers seeking compliant capture and supervision of electronic communications.
Emerging players
- Fenergo: Fenergo is a broader RegTech vendor specializing in client lifecycle management, KYC, and AML compliance for financial institutions. It overlaps with the post-FundApps-merger SteelEye in financial-crime compliance and is a comparable large-scale enterprise RegTech peer.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
SteelEye social profiles
Digital presenceSteelEye compliance and trust
Trust signalCompliance2 records
SteelEye financial estimates
Financial estimateRevenue estimate
Valuation estimate
SteelEye leadership team
Management profileNumber of profiles
Profiles13 records
SteelEye subsidiaries and ownership
Company hierarchySubsidiaries1 record
SteelEye funding detail
Funding detailFunding overview
Funding rounds5 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SteelEye M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SteelEye
What does SteelEye do?
SteelEye provides a cloud-based SaaS RegTech platform that consolidates trade, order, communications, market and reference data into a single compliance lens for regulated financial firms. The platform delivers integrated trade and communications surveillance, regulatory reporting (MiFID II/MiFIR, EMIR, Dodd-Frank, MAR, SM&CR, FINRA, CFTC, SEC), WORM-compliant archiving and record keeping, best execution and TCA, eDiscovery, trade reconstruction, voice transcription, and an AI-driven Compliance CoPilot.
Is SteelEye a public or private company?
SteelEye is a private company. It is classified as venture growth investor backed and is currently operating.
When was SteelEye founded?
SteelEye was founded in 2017. It employs 51 to 100 people.
Where is SteelEye based?
SteelEye is headquartered in London, United Kingdom, in the Europe region.
How does SteelEye make money?
One revenue line is on record: saaS Platform Subscription.
Who are SteelEye's main competitors?
Broad incumbents on record are NICE Actimize and Nasdaq SMARTS. Direct peers are Behavox, Eventus Systems, B-next, Theta Lake, Global Relay, Cappitech and Smarsh. Fenergo is listed as an emerging player.
Does SteelEye have an API?
No public API is recorded for SteelEye.
What industry is SteelEye in?
SteelEye's product category is Regulatory Compliance Software (RegTech). Its primary akta.pro industry code is FSAFAOAC, Market Surveillance & Trade Monitoring, with a secondary code of FSAFAOAB, Transaction Reporting (MiFID/EMIR/SFTR/SEC) Solutions. Its NAICS code is 5132 and its SIC code is 7370.