Boosted.ai secures over £12m to boost investment management with AI

Boosted.ai has raised $15 million (£12.3 million) in a new funding round aimed at accelerating the growth of its innovative AI platform, Alfa. The latest investment, announced this week, will focus on expanding Alfa’s capabilities to further streamline investment management workflows, enabling users to automate time-intensive tasks.

The financing round saw participation from a range of high-profile investors, including Fidelity Investments Canada ULC, alongside existing partners such as Ten Coves Capital, Spark Capital, Portage Ventures, Royal Bank of Canada (RBC), and HarbourVest Partners. With the inclusion of this latest round, Boosted.ai’s total funding to date reaches $61 million (£50 million), further solidifying its position as a frontrunner in AI-driven financial technology.

Alfa, Boosted.ai’s core offering, is an agentic AI platform designed to function as an AI-powered assistant that learns to think and act like its user. The platform continuously monitors and updates key financial data, empowering asset managers, wealth managers, family offices, and hedge funds to automate workflows that traditionally would require up to 40 hours of analyst work. With Alfa, tasks that would typically take analysts days to complete can now be accomplished in a fraction of the time—around 20 minutes.

“We’ve always had clients requesting an AI that mirrors their own thinking,” said Joshua Pantony, CEO of Boosted.ai. “This latest investment from our client base allows us to enhance Alfa, helping finance teams to conduct deeper research, integrate more data, and ultimately focus on high-level strategic decisions.”

Since its inception in 2017, Boosted.ai has evolved from offering proprietary machine learning algorithms to providing an intuitive AI platform that is accessible to users across the financial spectrum. Alfa’s advanced features include finance-specific data integration, in-line citations to reduce hallucinations, and continuous proactive monitoring, all designed to keep users fully informed and efficient in managing their portfolios.

The company currently serves over 300 active clients who collectively manage more than $3 trillion (£2.46 trillion) in assets. These clients leverage Boosted.ai’s platform for a variety of applications, including analytics, research, decision-making, risk monitoring, and even automating routine tasks like portfolio commentary generation. With this new funding, the company plans to enhance its system architecture and expand its team to support growing demand for its AI-powered solutions.

“The potential of AI is still in its infancy, but as adoption grows, so too will the demand for the computing power needed to support these advanced use cases,” Pantony added, referencing the expanding role of AI in global industries.

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