London and New York-based Model ML raises $75M

Model ML, an AI automation platform focused on the financial services industry, has secured $75 million in a Series A funding round. This significant investment highlights the growing interest in AI-driven solutions designed to improve efficiency and productivity within the financial sector, especially in Europe. The funding will allow the company to broaden its global presence and enhance its AI capabilities, specifically within prominent financial hubs. The investment round was led by FT Partners, with participation from several other firms including Y Combinator and LocalGlobe. Model ML, founded by brothers Chaz and Arnie Englander, leverages AI to automate repetitive tasks like compiling pitch decks and diligence reports. The platform integrates seamlessly into existing workflows, ensuring data is only pulled from trusted sources, and is currently used by major banks, asset managers, and consultancies. This technology offers a bespoke AI system for each organization, enabling them to build custom AI workflows. The platform addresses a critical pain point in the financial industry, where analysts often spend considerable time on manual data verification and formatting. By automating these tasks, Model ML aims to reduce errors and free up professionals to concentrate on more valuable analysis. The company plans to use the investment to propel global expansion, targeting key financial hubs to bolster its AI capabilities. With this new round of funding, Model ML is positioned to further establish itself as a leader in AI automation for financial services.