Rogo, a New York City-based company specializing in generative AI solutions for financial institutions, has successfully secured $7 million in seed funding.
SaaS Investors
The funding round was led by AlleyCorp, a prominent venture capital firm, with substantial contributions from Company Ventures, BoxGroup, and ScOp Ventures.
Founded in 2007, AlleyCorp is a venture capital firm based in New York, New York. The firm prefers to invest in seed-stage, early-stage, and later-stage companies operating in the technology, enterprise software, marketplaces, nano & materials science, healthcare services, and robotics & automation sectors across New York.
Rogo Use of Funds
The company plans to utilize the funds to enhance its operations and expand its business reach.
About Rogo
Led by Gabe Stengel, the Founder and CEO, Rogo is a generative AI platform that is tailored specifically for elite financial institutions, offering a secure and bespoke generative AI environment. By harnessing cutting-edge Large Language Models (LLMs) infused with deep financial services expertise, Rogo empowers teams to accelerate research, make data-driven decisions, and produce high-quality materials in significantly less time than traditional methods. Key features of Rogo's platform include tailored financial AI, centralized data management, enhanced productivity tools, and enterprise-grade security. The platform has already gained traction among global hedge funds, investment banks, private equity firms, and institutional investors.
Funding Details
Company: ROGO TECHNOLOGIES, INC.
Raised: $7.0M
Round: Seed Round
Funding Month: February 2024
Lead Investors: AlleyCorp
Additional Investors: Company Ventures, BoxGroup, and ScOp Ventures
Company Website: https://www.rogodata.com/
Software Category: Financial Research and Analysis
Source: https://automationvault.net/rogo-secures-7-million-in-seed-funding-for-ai-expansion/