Rogo, a New York-based secure enterprise AI platform tailored for finance professionals, has raised $18.5 million in Series A funding, bringing its total financing to $26 million.
Investors
The round was led by Khosla Ventures, with participation from Mantis VC, Jack Altman (CEO of Lattice), Eric Schmidt (former CEO of Google), and others.
Khosla Ventures, founded in 2004 and based in Menlo Park, California, is a venture capital firm that supports entrepreneurs in AI, sustainability, enterprise, consumer, health, and frontier technologies. With over $15 billion in assets under management (AUM), the firm invests in early- to growth-stage companies with a focus on bold, transformative technologies.
Keith Rabois, General Partner at Khosla Ventures, has joined Rogo's Board of Directors.
Rogo Use of Funds
The company will use the funding to expand its team, enhance its platform, and deepen customer partnerships.
About Rogo
Founded in 2021, Rogo provides an enterprise AI platform specifically designed for finance professionals, offering generative AI solutions tailored to the needs of financial institutions such as investment banks, hedge funds, and private equity firms. Rogo's platform is designed to enhance productivity by fine-tuning large language models (LLMs) to provide instant answers to complex financial questions, automate workflows, and deliver in-depth market analyses.
Funding Details
Company: Rogo Technologies, Inc.
Raised: $18.5M
Round: Series A
Funding Date: October 2024
Lead Investor: Khosla Ventures
Additional Investors: Mantis VC, Jack Altman, Eric Schmidt
Company Website: https://rogo.ai/
Software Category: Financial
Source: https://www.prnewswire.com/news-releases/rogo-announces-18m-series-a-funding-round-led-by-khosla-ventures-to-build-wall-streets-first-ai-analyst-302264427.html