Boosted.ai

Boosted.ai

AI tools for investment decision-making

About Boosted.ai

Simplify's Rating
Why Boosted.ai is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Fintech

AI & Machine Learning

Financial Services

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$69.5M

Headquarters

Toronto, Canada

Founded

2017

Overview

Boosted.ai enhances investment decision-making for institutional asset managers and wealth managers through AI-driven tools. Its platform features a virtual AI companion that provides insights into market events, accelerates stock research, and improves portfolio management. Users can customize the platform to fit their specific portfolios and investment styles, allowing the algorithms to analyze existing holdings and risk profiles to make personalized recommendations. The platform aggregates data from over 60,000 news sources and earnings reports to deliver relevant trends and insights. Boosted.ai operates on a subscription model, offering clients access to Boosted Insights, which helps them save time and make informed, data-driven decisions. The goal of Boosted.ai is to empower financial firms by providing machine learning software that improves productivity and investment strategies.

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Simplify's Take

What believers are saying

  • Recent $15 million funding round indicates strong market interest in AI investment solutions.
  • Appointment of Geoffrey Clauss as CRO could boost sales strategy and revenue growth.
  • Inclusion in CB Insights' AI 100 list enhances Boosted.ai's industry recognition.

What critics are saying

  • Increased competition from other AI-driven fintech companies could erode market share.
  • Rapid AI advancements may necessitate costly updates to Boosted.ai's platform.
  • Potential regulatory scrutiny on AI in finance could increase compliance costs.

What makes Boosted.ai unique

  • Boosted.ai offers AI-driven tools without requiring coding or data science skills.
  • The platform provides personalized investment recommendations based on user-specific portfolios.
  • Boosted.ai's technology analyzes vast data sources for relevant market trends and insights.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$69.5M

Above

Industry Average

Funded Over

5 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

-2%

2 year growth

0%
BetaKit
Dec 2nd, 2024
Why Hopper Might Be The Next Canadian Tech Company To Play The Secondary Game

Plus: Canada sues Big Tech. The post Why Hopper might be the next Canadian tech company to play the secondary game first appeared on BetaKit.

Business Wire
Nov 26th, 2024
Boosted.ai Raises $15 Million to Transform Investment Management with Agentic and Generative AI

Boosted.ai, a cutting edge generative artificial intelligence company that works with some of the world’s leading investment managers to streamline an

BetaKit
Nov 25th, 2024
Boosted.ai raises $20.9 million CAD to grow AI investment manager platform

Toronto-based investment software startup Boosted.ai has secured a $15-million USD ($20.9 million CAD) bridge round to grow its artificial intelligence (AI) platform, Alfa.

BetaKit
Nov 25th, 2024
Boosted.ai raises $20.9M CAD funding

Boosted.ai, a Toronto-based investment software startup, has raised a $15 million USD ($20.9 million CAD) bridge round to expand its AI platform, Alfa. The round included existing investors like Ten Coves Capital and Spark Capital, and a fund manager from Fidelity Investments Canada. Alfa is described as an AI coworker that users can train to think like them. Boosted.ai plans to use the funds for system upgrades and team expansion, with a larger funding round anticipated in 2025.

Finsmes
Aug 15th, 2024
Boosted.ai Secures $10M Growth Capital

Boosted.ai, a Toronto-based AI company, received $10 million in growth capital from CIBC Innovation Banking. The funds will be used for product development and sales expansion in Canada and the US. Founded in 2017 and led by CEO Joshua Pantony, Boosted.ai helps institutional investors and wealth managers with AI-driven investment management.

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