Boosted.ai, a distributed machine learning platform for global investment professionals, has closed an $8 million funding in Series A financing round, led by Portag3 Ventures with the participation of Dunamu & Partners and Polar Equity Partners.
Boosted.ai’s total funding now stands at $11 million inclusive of seed capital.
Boosted.ai will use the funding to enhance Boosted Insights, its machine learning platform that empowers portfolio managers, analysts and chief investment officers to augment their existing investment processes, source new ideas and manage risks.
Boosted.ai is co-founded in 2017 by Joshua Pantony, Jon Dorando and Nicholas Abe.
Boosted.ai currently has more than a dozen active clients and services asset managers, including long-only mutual funds, long-short hedge funds, family offices and the investment arms of commercial banks.
Combined assets under management managed by the Boosted.ai client base is in excess of $500 billion.