Boosted.ai, a Toronto-based company specializing in automating investment management through AI, has received a significant boost with a $10m growth capital infusion from CIBC Innovation Banking.
The investment aims to propel Boosted.ai’s ambitions of expanding their product development and sales operations across the Canadian and US markets. Established in 2017, the company has carved a niche in enhancing productivity for institutional investors and wealth managers through advanced AI solutions.
Boosted.ai stands out in the FinTech sector by enabling clients to train AI agents that mimic their analytical thinking, thus revolutionizing how investment management processes are handled. The funds will primarily support technological advancements and market expansion, ensuring that Boosted.ai remains at the forefront of the AI investment management industry.
The collaboration with CIBC Innovation Banking is poised to set new standards in the use of generative and agentic AI within the investment sector. Boosted.ai’s technology is particularly noted for its ability to sift through millions of financial documents swiftly, automating workflow and saving invaluable time for its clients.
Joshua Pantony, co-founder and CEO of Boosted.ai, said, ““Paving the way for what’s possible in generative and agentic AI for investment management is an exciting challenge.
“Our clients have asked to ‘put their brain in the machine’ since we started in 2017. Allowing our customers to create AI analysts that think like them will help us continue to deliver on our promise to simplify the lives of asset managers. We are pleased to work with CIBC Innovation Banking to continue scaling our growth.”
In addition, Eric Laflamme, Managing Director in CIBC Innovation Banking, highlighted the strategic benefits of their partnership: “We’re really excited to work with Boosted.ai as it helps institutional investors and investment advisors find efficiency gains in a world where we all must optimize. Boosted.ai is using AI to read millions of financial documents, automating their clients’ workflows and saving them staggering amounts of time.”
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