Boosted.Ai Raises $35 Million Series B Led By Ten Coves Capital And Spark Capital To Expand Explainable Machine Learning Platform For Institutional Investors
Boosted.Ai Raises $35 Million Series B Led By Ten Coves Capital And Spark Capital To Expand Explainable Machine Learning Platform For Institutional Investors
01/12/22, 3:00 PM
Money raised
$35 million
Industry
artificial intelligence
data and analytics
information technology
software
Round Type
series b
Boosted.ai, the leading distributed machine learning platform for global investment professionals, today announced the closing of a $35 million USD Series B financing round, led by Ten Coves Capital and Spark Capital. Portage Ventures, Royal Bank of Canada (RBC) and HarbourVest Partners also participated in the round. Inclusive of seed capital, Boosted.ai’s total funding now stands at $46 million USD.
Company Info
Additional Info
Boosted.ai is an artificial intelligence company that enhances portfolio management outcomes for the global financial industry through distributed machine learning. Co-founded by Joshua Pantony, Jon Dorando and Nicholas Abe in 2017, the company and its proprietary web-based platform, Boosted Insights, bring advanced quantitative investing techniques to portfolio managers, without requiring any coding or data science background. Headquartered in Toronto and New York City, Boosted.ai is backed by Portage Ventures, Ten Coves Capital, Spark Capital and other leading investors. Learn more at boosted.ai and follow us on LinkedIn.