Technology startup Rogo raised $50 million to build an artificial intelligence-powered Wall Street analyst.
The total amount of funding for the mentioned startup under the Series B financing round will reach $75 million. The relevant information is contained in the press release of Rogo, which was published on Wednesday, April 30.
The startup intends to use the funding to increase investments in financial reasoning models and autonomous artificial intelligence agents.
In a press release from Rogo, it was noted that finance is about more than efficiency. It is about seeing what others cannot. It was also noted that Wall Street’s best analysts pair hard data with creativity and ruthless clarity of thought.
The startup is still working on its ultimate vision of a true artificial intelligence analyst. At the same time, customers are already seeing the results. This was stated in the startup’s press release.
Patrice Maffre, international head of investment banking at Nomura, said that Rogo enables teams to analyze market data and identify opportunities with unprecedented speed and precision while allowing bankers to focus more deeply on client relationships and strategic advisory.
It is worth noting that against the background of the active development of artificial intelligence and the scaling of the practice of using AI, the issue of cybersecurity has become more relevant. Scammers also have access to machine intelligence tools. Leveraging the mentioned tools has made their activities more sophisticated. To counteract the corresponding threat in the virtual space, personal awareness of users is important. For example, an Internet search query such as how to know if my camera is hacked will allow anyone to get information about signs of unauthorized access to the device.
