Vise, a New York City-based AI-driven investment management platform built for the modern financial advisor, secured $14.5m in Series A funding.
The round, which brought total capital raised since founding to over $16m, was led by Sequoia Capital with participation from previous investors Founders Fund, Bling Capital, Human Capital, Lachy Groom, Steve Chen, co-founder of YouTube and Jon Xu, co-founder of FutureAdvisor.
The company intends to use the funds to accelerate the growth of advisor partnerships and product development.
Founded in 2016, by Samir Vasavada and Runik Mehrotra, Vise automates investment management for financial advisors using artificial intelligence via full-stack platform spanning the entire lifecycle of the advisor-client relationship, including designing personalized portfolios for clients, managing portfolios, and providing on-going intelligence. Powered by natural language processing, it builds customized portfolios for every client and helps advisors tell a compelling story to their clients with key talking points, including the “why” behind portfolio decisions.
Vise is already available on the Charles Schwab and TD Ameritrade Institutional platforms, representing over $800M in AUM amongst client commitments.