Boosted.ai, a NYC- and Toronto, Canada-based generative artificial intelligence company, raised $15M in funding.
Backers included Fidelity Investments Canada ULC, Ten Coves Capital, Spark Capital, Portage Ventures, Royal Bank of Canada (RBC) and HarbourVest Partners.
The company intends to use the funds to invest in additional systems and team members to handle increased product demand and the need for onboarding and training new users.
Led by Joshua Pantony, Jon Dorando and Nicholas Abe, Boosted.ai leverages generative AI built specifically for capital markets to provide analytics across millions of data points to give asset managers major efficiency gains across their teams. Its proprietary web-based platform, Boosted Insights, bring quantitative investing techniques to portfolio managers, without requiring any coding or data science background.
Agentic AI is essentially an AI coworker that users can train to think like them and consistently monitor and update for anything that matters to their portfolios. By using Boosted.ai and its agentic assistant Alfa, users across the finance spectrum, including asset managers, wealth managers, family offices and hedge funds, can automate their workflows reducing analyst work to approximately 20 minutes.
FinSMEs
25/11/2024