Boosted.ai builds an agentic generative AI platform, Alfa, that automates financial analysis and workflows for asset managers, wealth managers, family offices and hedge funds. Alfa lets users train AI 'coworkers' to think like them, uses finance-specific data, in-line citations to reduce hallucinations, and continuous proactive monitoring, reducing what typically takes 40 hours of analyst work to approximately 20 minutes. Founded in 2017 and headquartered in Toronto and New York City, the company evolved from proprietary machine learning algorithms for a primarily quant client base into simple-to-use AI agents. Boosted.ai serves more than 300 active clients managing in excess of $3 trillion in assets and its platform is used for analytics, research and decision-making, outsourced quant consultancy, commentary creation, risk monitoring and workflow automation. The company will use new capital to grow Alfa, invest in additional systems, and hire team members to handle increased product demand and onboarding. Inclusive of seed capital, Boosted.ai's total funding now stands at $61 million after the latest financing. Boosted.ai builds AI solutions that automate investment management processes, enabling institutional investors and wealth managers to save time, generate new investment ideas, and maintain always-on monitoring. Customers can train AI agents to perform analysis and decision-support tasks, a concept the company describes as putting their "brain in the machine." The platform ingests and reads millions of financial documents to automate workflows and increase productivity. Boosted.ai positions its product around generative and agentic AI capabilities tailored to investment management. The company says clients use the system to cut research time and be more data-driven in their investment processes. The recent financing will support continued product development and commercial expansion. Boosted.ai offers Boosted Insights, a web-based, distributed machine learning platform that delivers explainable machine learning tools to portfolio managers without requiring coding or data‑science expertise. The platform is used by more than 40 active clients across hedge funds, ETF providers and other asset managers, with client AUMs ranging from roughly $10 million to over $1 trillion. In 2021 the company more than doubled its number of client firms and grew revenue by 250%. Founded in 2017 and headquartered in Toronto and New York City, Boosted.ai plans to scale Boosted Insights and double its employee count. The company emphasizes explainability and a "quantamental" human-plus-machine workflow to help managers source ideas and manage risk. RBC is both an investor in the round and a current client. Boosted.ai offers Boosted Insights, a web-based distributed machine learning platform that enables portfolio managers, analysts and CIOs to generate ideas, construct portfolios and monitor risk without coding or data‑science expertise. The platform helps users unlock alternative datasets and advanced quantitative techniques through a user-friendly interface. The company serves more than a dozen active clients across long-only mutual funds, long-short hedge funds, family offices and bank investment arms, whose combined assets under management exceed $500 billion. Boosted.ai was co-founded in 2017 by Joshua Pantony, Jon Dorando and Nicholas Abe and is headquartered in Toronto and New York City. With the new financing, the company plans to continue enhancing Boosted Insights and to hire additional talent in Toronto and New York while expanding marketing and sales efforts. Total disclosed funding to date is $11 million, inclusive of seed capital.

Total raised

$68M

Funding rounds

4

Latest round

Equity

Latest activity

Nov 2024