Fintech startup Vise brings on Andrew Fong (formerly Dropbox) as CTO
Vise, a fintech firm that focuses on helping financial advisors rather than automating them out of existence, has today announced that it is bringing on Andrew Fong as its chief technology officer.
Fong hails from Dropbox, where he served as VP of Infrastructure Engineering. He actually started out as a site reliability engineer at Dropbox back in 2012, climbing the ranks to engineering director, and then senior director of Engineering – head of Infrastructure before becoming to vice president.
Before Dropbox, Fong was an engineer at YouTube and Aol.
Vise brought on Fong to scale up its technical team following its most recent fundraise, a $45 million in Series B led by Sequoia Capital. In total, Vise has raised $63 million since launching on the TC Disrupt stage in 2019. You can check out the video of their demo here.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Vise Appoints Former Dropbox Executive As Chief Technology Officer
January 19, 2021 GMT
(PRNewsfoto/Vise)
NEW YORK, Jan. 19, 2021 /PRNewswire/ Vise, the AI-powered investment management platform built for the modern financial advisor, announced today the appointment of Andrew Fong as Chief Technology Officer to lead Vise’s technical roadmap through the company’s next phase of growth and expansion.
Fong joins Vise from Dropbox, where he served as Vice President of Infrastructure Engineering. At Vise, he’ll lead the company’s core technical teams, including the product and quantitative engineering teams, overseeing the development and execution of the company’s technology roadmap. Fong will also spearhead the growth of Vise’s engineering department, scaling the team from 20 to 75 people by the end of 2021.
Round: Series B
Description: Vise is an AI-driven portfolio management platform built and designed for financial advisors. Founded by Runik Mehrotra and Samir Vasavada in 2016, Vise has now raised a total of $63.0M in total equity funding and is backed by investors that include Founders Fund, Sequoia Capital, Great Oaks Venture Capital, Bling Capital, and Zach Weinberg.
Investors in the round: Allen & Company LLC, Founders Fund, Greenoaks Capital, Michael Ovitz, Nikesh Arora, Sequoia Capital
Industry: Artificial Intelligence, Financial Services, FinTech
Founders: Runik Mehrotra, Samir Vasavada
Founding year: 2016
Total equity funding raised: $63.0M
Cory Levy This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Investor Cory Levy publicly announced Z Fellows on Tuesday, a one-week fellowship program that gives new founders $10,000 to start their own companies.
The program includes mentors like Founders Fund general partner Keith Rabois and Naval Ravikant, the founder of Angel List. I realized that a lot of people are in that position where they may be working on some stuff, tinkering on stuff, and they are in school full-time, he told Business Insider. There s no dedicated program to serve that community of people.
AlleyWatch
Global managed assets account for $74T in AUM. While institutional investors account for sixty percent of this amount, the remaining portion is managed by smaller institutions and advisers. Vise is the AI-powered investment management platform that empowers independent advisory practices. The company is focused on servicing the entire client-advisor relationship through automation while still allowing advisors to maintain a personalized relationship. AlleyWatch caught up with Cofounder and CEO Samir Vasavada and Cofounder and CIO Runik Mehrotra to learn more about the market the company serves, future plans, and latest round of funding from investors that include Sequoia Capital, Allen & Company, Founders Fund, Greenoaks, Michael Ovitz, and Nikesh Arora.