AI Exchange Raises $1.5M in Venture Funding

Published On September 13, 2011 |

AI Exchange, a Boston, MA-based online technology and investment advisory platform, has raised approximately $1.5m in venture funding.

The round was led by General Catalyst and CommonAngels and included Founder Collective and LaunchCapital.

The company intends to use the funds to to accelerate its technology and platform development.

Led by Chief Executive Officer Marco Bitran, AI Exchange provides investment advisors and their clients with access to long/short alternative investment strategies, in liquid and transparent formats and with reasonable investment minimums.
It works through two subsidiaries:
- AI Advisors, the investment advisory subsidiary led by CIO Rohit Vohra and COO Charles Hipwood, which is scheduled to launch its advisory platform in October with five alternative strategies;
- AI Exchange Technologies, the technology subsidiary which has developed the infrastructure platform.

In addition, the company added former CEO of The LongView Group Preston Ford as a new board member.

FinSMEs

13/09/2011

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