Vise Raises $45M to be the AI-Powered Investment Management Platform for Investment Advisors
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. Since launching in the fall of 2019, the company has already scaled to 50 employees, quadrupled its customer base since May, and counts investment firms like Aurelian Capital Partners, Barber Financial Group, and Hexagon Capital Partners as clients.
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Over $1.6B raised by NYC startups in December! Everything you need to need to know about the largest NYC startup funding rounds of December 2020; broken down by industry, stage, investors, and more…
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.
Vise, the AI-powered investment management platform for advisory practices, has raised $45M in Series B funding from investors that include Sequoia Capital, Founders Fund, Greenoaks Capital, and Allen & Company. Founded by Runik Mehrotra and Samir Vasavada in 2016, Vise has now raised a total of $63M in reported equity funding.
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Meet the two 20-year-old Indian-origin AI startup founders who ve turned investor darlings
Rejected by about 1,000 investors after they founded Vise at 16, Samir Vasavada and Runik Mehrotra have lived to tell their tale their AI-enabled investment management firm recently secured Series B funding of $45 million.
Vise founders Runik Mehrotra and Samir Vasavada.
Samir Vasavada and Runik Mehrotra are the talk of the street. They are just 20, and Vise, their AI-enabled investment management company, earlier this week received Series B funding of $45 million.
Investors might be more than happy to write cheques for them now, but there was a time when they were rejected by about 1,000 investors, including Vinod Khosla, the Delhi-bred billionaire titan of Silicon Valley.