FundGuard raises $12 million to help manage assets with AI
FundGuard, an AI-powered software-as-a-service investment management platform, today announced that it closed a $12 million funding round. The investment will spur product development to support existing partnerships, FundGuard says, in addition to helping to meet demand from alternative funds and insurers.
AI is increasingly being used to manage assets toward the goal of maximizing returns on investments. For example, trading algorithms leverage AI to devise novel signals and execute trades with lower overall transaction costs. AI can also bolster risk modeling and forecasting by generating insights from previously untapped data sources. Read more…
NEW YORK, Nov. 6, 2019 /PRNewswire/ — FundGuard, a provider of a SaaS investment funds operating system powered by artificial intelligence (AI), today announced the availability of its Contingency and Oversight NAV (Net Asset Value) product following a testing period with several large banks and asset managers.
NEW YORK, Oct. 18, 2018 /PRNewswire/ — FundGuard, a cloud-based investment funds operating system powered by AI and designed to revolutionize the investment funds technology space, today announced its launch and $4 million in funding led by venture firms Blumberg Capital and LionBird. FundGuard will use the capital to accelerate the development of its platform and Contingency NAV product as well as to bring operational efficiencies afforded by AI and cloud technologies to market.