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Eagle Alpha to look for €1.6bn

irish technology firm Eagle Alpha will raise up to $2m (€1.6bn) in new fundraising in early 2015 ahead of a bigger round later in the year.

The company analyses statistical and financial information from social media and the web for Wall Street banks.

It is planning to more than double its staff in Dublin to 50 by the end of next year.

One of the country's first technology entrepreneurs - Tony Kilduff (inset) of Elgin Capital - is a shareholder in the firm which was founded by his son Emmett, a former investment banker.

"In March we will do another round of funding from individuals that are connected on Wall Street," Eagle Alpha chief executive Emmett Kilduff said.