Brooklyn Artificial Intelligence Research Raises Strategic Funding From Several Investors

By Amit Chowdhry • Dec 26, 2024

Brooklyn Artificial Intelligence Research announced the closing of a strategic funding round led by Atypical Ventures, with participation from S&P Global Ventures, the CEO of the Hantz Group, and asset and wealth management executives.

Brooklyn’s multi-asset direct indexing platform enables asset managers and independent RIAs to scale personalization and tax management across equities and fixed income within a single custodian account. And the platform is delivered either as a white-label technology solution or as a subadvisory service through Brooklyn Investment Group, a registered investment adviser.

In September this year, Brooklyn Investment Group and S&P Dow Jones Indices (S&P DJI), a division of S&P Global, announced the launch of MyIndex, a customizable version of S&P DJI’s market-leading indices offering, on Brooklyn’s managed accounts platform.

Brooklyn’s client base features dozens of RIA firms and asset managers whose assets total over $2 trillion.

KEY QUOTES:

“Our vision is that tech-powered managed accounts will fundamentally transform the asset management industry. As the demand for our platform continues to accelerate, strategic alignment with investors who share this vision will strengthen our ability to serve clients and to advance the industry-wide shift toward personalized and tax-managed investing.”

“Technology is the new wrapper for customized portfolios. Unlike ETFs and mutual funds, our tech-powered managed accounts ecosystem enables our investment advisors to deliver customized investment solutions and tax alpha across equities and fixed income to each client, while continuing to scale growth.”

– Erkko Etula, CEO and Co-Founder of Brooklyn

“At Atypical, we invest early in transformative companies and stay deeply engaged throughout their journey. Brooklyn exemplifies our approach—a non-obvious technical advantage paired with an empathetic team that is delivering tangible client value. We’re proud to have catalyzed this round to scale Brooklyn’s platform and expand its positive-sum impact, empowering asset managers and growing the market for personalized, tax-managed investing.”

– Chris Wake, Managing Partner at Atypical

“S&P Global is pleased to support this stage of Brooklyn Artificial Intelligence Research’s growth. This investment aligns with our company’s commitment to power the markets of the future by offering innovative ways to expand access to our trusted benchmarks and data, addressing the evolving needs of the next generation of investors and market participants.”

– Dan Draper, Chief Executive Officer at S&P Dow Jones Indices