The Toronto-based machine learning platform for investors plans to use the funding to further develop its web-based platform. Ten Coves Capital and Spark Capital led the round, with Portage Ventures, RBC and HarbourVest Partners participating. (The Logic)
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The Toronto-based machine learning platform for investors plans to use the funding to further develop its web-based platform. Ten Coves Capital and Spark Capital led the round, with Portage Ventures, RBC and HarbourVest Partners participating. (The Logic)
Talking point: Investment professionals use a lot of data to make decisions and are increasingly using artificial intelligence tools to improve that process. RBC is a client of Boosted.ai, along with more than 40 other hedge funds, ETF providers and other asset managers handling between US$10 million and US$1 trillion. The company said its platform, Boosted Insights, allows portfolio managers to take advantage of quantitative investing techniques without requiring a technical background. On Monday, Tokyo’s SoftBank announced a US$146-million investment in Qraft Technologies, another company offering artificial intelligence tools for money managers.
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