FundGuard, a NYC-based provider of a cloud investment funds operating system powered by AI, raised $4m in seed funding.
The round was led by Blumberg Capital and LionBird.
The company will use the capital to accelerate the development of its platform and Contingency NAV product as well as to bring operational efficiencies afforded by AI and cloud technologies to market.
Founded by Lior Yogev, Yaniv Zecharya and Uri Katz, FundGuard provides asset managers, custodian banks and fund administrators with AI driven solutions to manage investments across mutual funds, ETFs, separately managed accounts, pension funds as well as insurance.
Using machine learning and AI to identify unstructured financial and operational anomalies or potential fraud, the platform provides real-time support while providing insights and recommendations to its customers.