Rogo – a secure enterprise AI platform built by and for finance professionals – announced an $18.5 million Series A funding round led by Khosla Ventures, with participation from Mantis VC, Jack Altman (CEO of Lattice and founder of Altman Capital), Eric Schmidt (former CEO of Google), and others. Keith Rabois (General Partner at Khosla Ventures, CEO of OpenStore, and four-time Midas List awardee) joins Rogo’s Board of Directors. This round brings Rogo’s total funding to $26 million.
Launched in 2021, Rogo has rapidly established itself as the leading vertical provider of Generative AI solutions for financial firms, including investment banks, hedge funds, and private equity. And the company is on track to double revenue and expand its banking footprint significantly between now and the end of 2024.
This funding round will fuel this expansion, enabling Rogo to grow its team, accelerate core platform development and scale customer partnerships.
Rogo fine-tunes LLMs to provide instant answers to complex financial questions, automate workflows, deliver in-depth market analyses, and help firms build custom AI solutions tailored to their unique needs. And since emerging from stealth mode in early 2024, the company has seen rapid adoption by more than 25 leading financial firms, achieved multi-million-dollar annual recurring revenue (ARR) and is widely used across teams and levels at global financial firms. Rogo aims to partner with these customers as they navigate firm-wide AI strategies.
KEY QUOTES:
“We believe Generative AI is set to revolutionize knowledge work, and no industry stands to benefit more than financial services. Over the past year, we’ve empowered top financial professionals to work smarter and more efficiently, significantly reducing the workload on junior teams.”
-Gabriel Stengel, CEO and Co-Founder of Rogo
