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Simile raises more than $200 million at a $2 billion post-money valuation. Key points * Greenoaks led the Series B, with Index Ventures, Hanabi, Bain Capital Ventures, A*, Factory, CVS Health Ventures and new investor Definition participating.[[1]] * The $2 billion figure is a post-money valuation; Simile did not disclose its pre-money valuation, share price or whether the round included secondary sales.[[1]] * Simile says revenue has increased fivefold since its February launch, but it provided no revenue figure, customer count or contract values.[[1]] Simile has raised more than $200 million in a Series B led by Greenoaks, giving the artificial-intelligence startup a $2 billion post-money valuation just five months after its public launch. Returning investors Index Ventures, Hanabi, Bain Capital Ventures, A*, Factory and CVS Health Ventures participated, while Definition joined as a new investor.[[1]] The Palo Alto company builds AI models intended to simulate how people and groups respond to products, marketing, pricing and other decisions. Simile says customers include CVS Health, Wealthfront, Deloitte and Gallup, and that Fortune 100 enterprises have run tens of millions of simulations through its technology.[[1]] Those product and usage figures were reported by the company and have not been independently audited. Rapid growth, limited financial disclosure. Simile said revenue has grown fivefold since it launched in February and that its workforce now exceeds 50 people. It did not provide starting or current revenue, annual recurring revenue, customer totals, pricing or retention figures, making the valuation difficult to assess against conventional software metrics.[[1]] The company also did not explain whether the $2 billion valuation resulted solely from the price paid for newly issued shares or whether the financing contained secondary transactions. The company says its models begin with data from real people and are checked against human responses. Its website claims more than 7,000 evaluations across demographic groups and enterprise use cases, along with a confidence model designed to estimate the accuracy of each simulation.[[2]] Simile has not released enough underlying commercial validation data for outsiders to test those claims broadly. Simile said the proceeds would accelerate its work and support hiring researchers, engineers, designers and operators, without providing a spending breakdown.[[1]] Index Ventures led its $100 million Series A announced on February 12, alongside Bain Capital Ventures, A* and Hanabi Capital and several individual AI investors.[[3]] TechCrunch first reported the new financing as a $200 million Series B.[[4]] Discover more Computer Science Market intelligence reports AI market analysis Discover more AI infrastructure solutions Dictionaries & Encyclopedias Web Apps & Online Tools At the intersection of AI, tech, and markets. The stories that matter, in one email. Free - unsubscribe anytime.

Wealthfront shareholders are encouraged to reach out to Johnson Fistel for more information about potentially recovering their losses. SAN DIEGO, July 27, 2026 (GLOBE NEWSWIRE) - Johnson Fistel, PLLP is investigating whether Wealthfront Corporation ("Wealthfront" or the "Company") (NASDAQ: WLTH) or certain of its officers and directors violated federal securities laws by misrepresenting or failing to timely disclose material information to investors. The investigation focuses on whether investors suffered losses as a result of potentially misleading statements or omissions. Wealthfront conducted its initial public offering on or about December 12, 2025, issuing approximately 43.6 million shares of common stock at an offering price of $14.00 per share. On January 12, 2026, Wealthfront reported its financial results for the third quarter of fiscal year 2026. Among other disclosures, the Company reported changes in asset flows and discussed the impact of recent interest-rate cuts on client behavior during an earnings call. Following these disclosures, Wealthfront's stock price declined approximately $2.12 per share, or 16.84%, closing at $10.47 per share on January 13, 2026, resulting in significant losses for investors. Investors who purchased Wealthfront securities and suffered losses are encouraged to contact Johnson Fistel to discuss their rights and potential recovery options. There is no cost or obligation to participate. What if I purchased Wealthfront securities? If you purchased Wealthfront securities and suffered losses on your investment, you may join our investigation now: Click Here to Join the Investigation. Or for more information, contact James Baker at [email protected] or (619) 814-4471. There is no cost or obligation to you. About Johnson Fistel, PLLP: Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content. Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Wealthfront launches investing accounts for kids who want to build wealth early. Wealthfront is offering a $100 sign-up bonus for parents who open an account by July 23, regardless of when their child is born. Sarah Foster, Personal finance reporter, Bloomberg News June 23, 2026 Bloomberg) - Wealthfront Corp. is rolling out a custodial account for parents who want to set their kids on an investing path at an early age. The product, which is an automated investment account, is one of several new offerings from financial services companies targeting parents who want their kids to have a nest egg early. The product allows parents to put money into a diversified portfolio of exchange-traded funds. From there, they can choose from a conservative, moderate and aggressive mix of investments. The account also comes with automatic tax-gain harvesting, which is worth up to $1,350 in tax-free growth each year, the company said. Parents manage the account until their child reaches adulthood, which can be between 18 and 25 depending on the state. The accounts have a $500 minimum and come with a .25% advisory fee. "Custodial accounts are a flexible way to help parents help their children get ahead by starting to invest early. If you just had a kid, time is really on your side," said Alex Michalka, vice president of investment research at Wealthfront. With Trump Accounts launching in July, a slew of products targeting investors under 18 are hitting the market this year. Since only US citizens born after Jan. 1 2025 get $1,000 with their Trump Accounts, other companies are jumping in to fill the gaps. Wealthfront is offering a $100 sign-up bonus for parents who open an account by July 23, regardless of when their child is born. In March, Charles Schwab Corp. also launched a joint brokerage account, where teens can trade a mix of assets such as stocks, ETFs or mutual funds. Fidelity Investments and Robinhood Markets Inc. also have their own custodial accounts. And on Tuesday, Fidelity also announced plans to introduce rollover functionality with Trump Accounts. More than 3 in 5 teens say they're very or extremely interested in learning more about investing, and about a quarter say they want their parents to be involved in helping them learn how, according to a 2026 Teen Investor Survey from Charles Schwab. So far, the company says "thousands" of parents have opened the new joint brokerage accounts. Unlike Trump Accounts, Wealthfront's new custodial account has no annual limit on how much parents can contribute (though anything more than $19,000 would trigger gift tax implications). Parents can also access the funds before their child turns 18 for anything, besides basics, that will benefit their kid. Investment vehicles like 529 savings plans still offer greater tax savings and should come first, financial advisors say. Parents fund those accounts with after-tax dollars, their investments grow tax-free and money can be taken out with no tax liability, if it's used for qualifying education expenses. (Updates with Fidelity Trump Account announcement. And earlier version corrects the description of Schwab teen accounts.) To contact the author of this story: Sarah Foster in New York at [email protected] Personal finance reporter, Bloomberg News Sarah Foster is a Personal finance reporter at Bloomberg News.