Boosted.ai Closes $15 Million in Funding

Boosted.ai Closes $15 Million in Funding

Boosted.ai, a Toronto and New York-based cutting-edge generative AI company, has closed a $15 million financing round.

This round includes funding from Fidelity Investments Canada ULC, alongside existing investors Ten Coves Capital, Spark Capital, Portage Ventures, Royal Bank of Canada (RBC), and HarbourVest Partners. The round brings Boosted.ai's total raised to $61 million.

The company intends to use this funding to scale its platform, enhance the Alfa product, expand its team, and meet growing demand for its services.

Founded in 2017 by Joshua Pantony, Jon Dorando and Nicholas Abe, Boosted.ai specializes in providing AI-driven solutions for the financial industry. Its platform Alfa, leverages "agentic AI" technology to help investment professionals, automate and streamline their financial analysis and workflows. Its web-based platform, Boosted Insights, enables portfolio managers to apply quantitative investing techniques without coding expertise. The company is based in Toronto and New York City.

Funding Details

Company: Boosted.ai

Raised: $15.0M

Round: Unknown

Funding Date: November 2024

Investors: Fidelity Investments Canada ULC, Ten Coves Capital, Spark Capital, Portage Ventures, Royal Bank of Canada, HarbourVest Partners

Company Website: https://boosted.ai/

Software Category: Investment Management