Sibli Closes $4.5 Million In Funding To Transform Investment Research Processes With AI

By Amit Chowdhry • Feb 15, 2024

Launched by a team of AI and finance experts, Sibli’s unique IP, built using cutting-edge generative AI and utilizing large language models (LLMs), enables asset managers to gain an information advantage over their peers, transforms their investment research processes, and improves performance.

The asset management industry spends countless hours reading and modeling. And Sibli transitions these largely manual tasks, which previously eluded automation, towards powerful algorithms. This enables investors to make more informed decisions faster and focus their valuable resources on ideation.

Since being founded in 2021, Sibli attracted the attention of buy and sell side investment professionals and is experiencing strong annual recurring revenue (ARR) growth. This financing will accelerate the company’s growth and the development of its technology with the help of top-tier talent, expanded access to new data sets, and boosted computing power.

KEY QUOTES:

“Investment research is set to be transformed by current advancements in Generative AI. We have helped some of the most sophisticated investors in the world solve practical challenges with tangible benefits: with some even launching novel strategies only made possible through Generative AI and our technology. As we help our clients re-imagine their investment process, we see a future where the day-to-day responsibilities of the investment analyst are completely transformed, allowing them to transition from low-level research towards high-value cognitive and social tasks.”

  • Alik Sokolov, Co-founder and CEO of Sibli

“We are bullish about the potential of AI to transform many sectors, including asset management and finance. We chose to back Sibli due to the strength of its technology, customer traction, and team. The founders have displayed strong leadership, deep market understanding, and outstanding technical skills. Alik and the team’s clarity of vision on how to win in the investment vertical is impressive.”

  • Janet Bannister, Founder & Managing Partner at Staircase Ventures