Moment, an AI operating system built for investment management, announced it has raised $78 million in a Series C funding round led by Index Ventures, with participation from Andreessen Horowitz, Avra, and existing investors. The funding comes less than 10 months after the company’s $36 million Series B round, which was also led by Index Ventures.
The company said its platform is now used by firms collectively managing more than $10 trillion in client assets, a major increase from $300 billion less than 18 months ago. Moment works with major wealth management firms, including Edward Jones, LPL Financial, and Hightower Advisors.
Moment’s platform is designed to replace fragmented investment management infrastructure with a unified AI-powered operating system that combines trading, portfolio management, compliance, optimization, and execution workflows across multiple asset classes and currencies.
According to the company, the platform enables firms to deploy AI-powered portfolio construction agents capable of building customized portfolios from natural-language instructions within seconds. The system also supports multi-asset and multi-currency portfolio optimization, tax-aware budgeting, direct indexing, surveillance agents for monitoring accounts, held-away asset analysis, compliance monitoring, and integrated order and execution management.
The company said these capabilities are helping large financial institutions modernize workflows that have traditionally relied on disconnected software systems and extensive manual coordination between teams.
Moment was founded by former quants and traders from Citadel Securities and is headquartered in New York City. The company said it has now raised $134 million in total funding and is backed by investors including Index Ventures, Andreessen Horowitz, and Lightspeed Venture Partners.
KEY QUOTES:
“Investment management is being rebuilt around AI, and it’s happening at Moment. Index has backed the financial infrastructure companies that defined the last era of fintech, and the pattern at Moment is unmistakable: the world’s leading wealth firms are betting their next decade on Moment’s team and architecture. We led Moment’s Series B, and we’re now doubling down on the company defining the AI era of investment management.”
Jan Hammer, Partner, Index Ventures
“AI is going to be a defining capability for the next era of wealth management, and the firms that get it right will be the ones that pair it with the right infrastructure. Moment’s platform pairs AI-powered workflows with a sophisticated portfolio optimizer to generate highly personalized client proposals in seconds, replacing manual processes with the kind of speed and precision that simply wasn’t possible before. These capabilities deployed responsibly across our business over time – we believe, will help our financial advisors serve more clients more deeply.”
Russ Tipper, Principal And Head Of Products And Solutions, Edward Jones
“Hightower One, built on Moment, represents an important step forward in our long-term vision to deliver a more unified managed account experience across portfolio management, tax optimization, and tax transition management for both equities and fixed income. Over time, we believe the platform has the potential to support a significant portion of assets managed across Hightower and help enhance the advisor and client experience through increasingly sophisticated AI-enabled workflows and operational capabilities.”
Randy Bullard, Head Of Investment Management, Hightower
“The largest financial institutions know they need to deploy agents, but the infrastructure to deploy them safely and effectively hasn’t existed. We built that operating system from the ground up, with a unified data model and regulatory-grade controls so AI can finally do real work in investment management. And because the platform is modular, firms can start by modernizing a few core workflows and progressively unlock AI capabilities as their governance frameworks evolve.”
Dylan Parker, CEO And Co-Founder, Moment
