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Vise, a company founded by two high-school graduates, raises $45 million in funding with Sequoia at the helm

Vise, a company founded by two high-school graduates, raises $45 million in funding with Sequoia at the helm
Fortune
12/15/2020
© Courtesy of Vise
So called ‘robo-advisors’ may be all the rage, but Sequoia Capital is betting that humans will still hold a prominent place in helping people make investment decisions.
On Tuesday, the Sand Hill Road firm led a $45 million Series B round of funding in Vise, a startup that seeks to automate time-consuming tasks for independent investment advisors while also creating individualized portfolios for their clients with the help of A.I.
Founded roughly a year ago by 20-year-olds Samir Vasavada and Runik Mehrotra, the company that raised its Series A round just some seven months ago is preparing once again to bulk up amid continued growth through the pandemic. Now with some 50 employees, the company hopes to hire another 50 by early next year. Investors in the December round also include Allen & Company, Greeno ....

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Vise, The AI-powered Investment Management Platform, Secures $45 Million Series B Funding Led By Sequoia

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NEW YORK, Dec. 15, 2020 /PRNewswire/ Vise, the all-in-one AI-powered investment management platform for independent advisory practices to build and manage portfolios, today announced the close of its $45 million Series B funding round, bringing the total capital raised since Vise s founding to over $60 million. Sequoia Capital led the Series B with participation from Allen & Company, Founders Fund, and Greenoaks Capital and from Michael Ovitz and Nikesh Arora, CEO of Palo Alto Networks, who will be joining as advisors. Vise will use the funding to continue to build out and enhance its product and functionalities and to expand its team of world-class talent. ....

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