Vise, a NYC-based AI-powered investment management platform built for advisors, raised $65m in Series C funding.
The round, which brought total capital raised since founding to over $125m, was led by Ribbit Capital, with participation from existing investors Sequoia Capital.
The company intends to use the funds to continue to expand operations and rollout of new product features.
Founded by Samir Vasavada and Runik Mehrotra in 2016, Vise is an AI-powered investment management platform built for advisors. The platform gives financial advisors the tools and technology to create personalized portfolios, fully automating the investment management process, and providing deep insights on each investment decision.
Since the Series B funding round in December 2020, the firm’s assets under management have more than quadrupled to over $250m and client accounts have more than doubled. The company also completed the integration with major custodians and released several new product features for customers.
Vise has also appointed Andrew Fong, former Vice President of Infrastructure Engineering at Dropbox, as Chief Technology Officer; and Dave Twardowski, former Vice President at Avantis Investors and Dimensional Fund Advisors, as Vice President and Head of Investment Strategy.