Boosted.ai, a generative AI company serving investment managers globally, has closed a $15m financing round.
The investment round included participation from funds managed by Fidelity Investments Canada ULC, alongside existing investors such as Ten Coves Capital, Spark Capital, Portage Ventures, Royal Bank of Canada (RBC), and HarbourVest Partners. Inclusive of seed capital, the total funding raised by Boosted.ai now stands at $61m.
Boosted.ai’s platform, Alfa, is at the core of its operations. Alfa leverages “agentic AI” technology, an AI coworker concept that enables users to customise the AI to mirror their thought processes. This innovation reduces complex tasks, such as financial analysis, from 40 hours to just 20 minutes. The funds will be allocated towards enhancing Alfa, investing in additional systems, expanding the team, and onboarding new users to meet growing demand.
Founded in 2017, Boosted.ai initially catered to quantitative investors with proprietary machine learning algorithms. Over time, it has broadened its offerings with AI tools tailored for the finance sector. The company provides advanced analytics, research, portfolio monitoring, and decision-making tools, serving over 300 clients managing assets worth over $3tn.
Boosted.ai CEO Joshua Pantony said. “From day one, our clients have been asking for AI that truly mirrors their thinking. This latest investment from our client base enables us to further enhance Alfa, our agentic AI platform, empowering finance teams to conduct deeper research, leverage broader analytics, integrate more data, and ultimately focus on higher-level, strategic work.”
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