Rogo AI, a finance-focused AI start-up, raised $18.5 million in Series A funding led by Keith Rabois (General partner at Khosla Ventures and Rogo’s Board of Directors) at Khosla Ventures. Mantis VC, Jack Altman (CEO of Lattice and founder of Altman Capital), Eric Schmidt (former CEO of Google), BoxGroup, Company Ventures, ScOp Venture Capital, Original Capital, and many others participated in this funding round. With the addition of this funding round, the company’s total funding reaches $26 million.
About ROGO AI
ROGO with the mission of making firms and people smarter is an AI-driven platform designed specifically for the financial services industry. It was founded in 2021 but was established in 2022 by its three co-founders, Gabe Stengel, John Willett, and Tumas Rackaitis. It has focused on automating complex tasks such as financial research, data management, and report generation. Rogo aggregates important financial and customer data into a powerful AI platform, then partners with clients to build and customize key workflows and navigate firm-wide AI strategy.
“We believe Generative AI is set to revolutionize knowledge work, and no industry stands to benefit more than financial services,” said Gabriel Stengel, CEO and Co-Founder of Rogo.
“Over the past year, we’ve empowered top financial professionals to work smarter and more efficiently, significantly reducing the workload on junior teams.“
ROGO AI’s Services
Rogo’s one key strength is, that it is more accurate than generalized AI tools like ChatGPT in terms of performing financial tasks. The platform is tuned with financial knowledge like graphs and also offers a wide range of products which includes:
- AI Analyst – provides precise answers with data backing and security.
- Agent Framework – automates financial workflows, including
- PowerPoint Creation,
- Research Compilation,
- Private Company Screening,
- Benchmarking Analysis,
- Excel Modelingand,
- Rogo Platforms – it lets technical teams use Rogo’s APIs and SDKs to increase their productivity.
So, It also supports custom solutions for financial firms aiming to reduce manual workload and increase efficiency. Rogo now aims to enhance its platform by partnering with cloud service-based companies like Azure, AWS, and others.
Related: More Than 100 Companies Signed The EU’s AI Pact For The Safe Development And Use Of AI
About Khosla Ventures
Khosla Ventures is an independent venture capital firm founded in the year 2004 by the founder, Vinod Khosla. It is based in Menlo Park, California. From its inception, it has been investing in early-stage companies that possess new technologies for clean technology, information technology, biotechnology, and healthcare sectors.
