Model ML, a newly-launched AI workflow automation platform for financial services, has closed a $75 million Series A funding round led by FT Partners. The round included participation from Y Combinator, QED Investors, 13Books, Latitude, and LocalGlobe.
Founded by brothers Chaz and Arnie Englander, who serve as CEO and CTO respectively, Model ML develops AI-powered tools that automate document creation for financial institutions.
The platform generates client-ready pitch decks, investment memos, and due diligence reports in Word, PowerPoint, and Excel formats, using existing data sources while maintaining institutional formatting standards, and targets investment banks, asset managers, and consulting firms.
Model ML emerged from stealth 12 months ago, following the company’s participation in Y Combinator’s Winter 2024 batch, and went on to raise $12 million in seed funding led by Y Combinator and LocalGlobe in February this year.
According to the company’s latest statement, the proceeds from the Series A will be used to “accelerate global expansion and deepen AI capabilities across key financial hubs”. This includes a hiring drive across onboarding and customer success teams in San Francisco, Hong Kong, New York, and London.
Model ML also plans build out its AI engineering and infrastructure teams in these latter two markets with a focus on “advancing its proprietary agentic systems and workflow automation modules”.
Source: https://www.fintechfutures.com/
