Vise AI, an investment management platform, has closed $45m in its Series B funding round, which was led by Sequoia Capital.
Additional commitments came from Allen & Company, Founders Fund, Greenoaks Capital, Michael Ovitz and Palo Alto Networks CEO Nikesh Arora.
With this equity injection, the company will deepen an enhance its product and functionalities, as well as expand its team.
Founded in 2019, the Vise platform supports the entire lifecycle of the advisor-client relationship via AI-powered automation. This includes determining different investment options and creating customised portfolios tailored to clients’ needs, values and goals.
Sequoia partner Ravi Gupta said, “Vise is revolutionizing the wealth management industry by enabling financial advisors with sophisticated technology.
“Samir and Runik are visionary founders who continue to demonstrate an unparalleled understanding of the financial services space and an exceptional ability to solve for the modern advisor’s needs. We’re thrilled to triple down on our partnership with Vise as the team redefines one of the world’s largest markets.”
As part of the deal, Sequoia Capital partner Ravi Gupta will join the Vise board of directors.
Vise has raised a total of $60m in equity. The FinTech announced it closed its Series A in May2020 and since then it has quadrupled its customer base.
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