BlueFlame AI, a NYC and London, UK-based generative AI platform for alternative investment managers, closed a $5m Series A funding round at a valuation of $50m.
The amount was raised through BlueFlame’s network of industry leaders and strategic partners, along with significant participation from the management team.
The company intends to use the funds to enhance its generative AI platform, and expand its team of client success managers, engineers, product managers, and operations professionals.
Led by Raj Bakhru, CEO, BlueFlame AI helps alternative investment managers take advantage of AI and Large Language Models (LLMs) to capture time savings and efficiency gains in a safe and compliant manner.
The platform integrates vast amounts of data, advanced algorithms, and deep domain expertise to generate actionable insights, drive better outcomes, and yield hours of time savings efficiencies each week. Clients can connect to over 20 system providers and take advantage of over 50 pre-built workflows to better support their business needs. Since its launch in October 2023, the company has grown to over 20 team members, supporting global clients that manage hundreds of billions of AUM and include private equity managers, hedge funds, wealth managers, private credit firms, and funds of funds.
FinSMEs
25/06/2024