Rogo, a NYC-based secure enterprise AI platform for finance professionals, raised $18.5m in Series A funding.
The round was led by Khosla Ventures, with participation from Mantis VC, Jack Altman (CEO of Lattice and founder of Altman Capital), Eric Schmidt (former CEO of Google), and others. Keith Rabois, General Partner at Khosla Ventures, CEO of OpenStore, and four-time Midas List awardee, joins Rogo’s Board of Directors. This round brings Rogo’s total funding to $26 million.
The company intends to use the funds to grow its team, accelerate core platform development and scale customer partnerships.
Founded in 2021 by Gabriel Stengel, CEO and Co-Founder, Rogo is a vertical provider of Generative AI solutions for financial firms, including investment banks, hedge funds, and private equity. It fine-tunes large language models (LLMs) to provide instant answers to complex financial questions, automate workflows, deliver in-depth market analyses, and help firms build custom AI solutions tailored to their needs.
Since emerging from stealth mode in early 2024, the company has seen rapid adoption by more than 25 leading financial firms, achieved multi-million-dollar annual recurring revenue (ARR) and is widely used across teams and levels at global financial firms. Rogo is on track to double revenue and expand its banking footprint significantly between now and the end of 2024.
FinSMEs
01/10/2024