HSBC Asset Management invests in London-founded Model ML
Model ML, the London-founded AI automation startup for financial services founded by two brothers, has received equity investment from HSBC’s asset management arm, it said today. The new funding for a...
HSBC Asset Management has invested in Model ML, an AI automation startup for the financial services industry. The London-founded company, founded by brothers Chaz and Arnie Englander, received an undisclosed equity investment from HSBC’s asset management arm. Model ML has raised over $100 million in total, with a $75 million Series A round announced last year.
The investment will be used to expand the startup and secure banking and asset manager clients. Model ML’s technology, built for financial services, automates complex workflows such as research, due diligence, financial analysis, and document creation. The company’s AI model-agnostic approach optimizes task completion by routing each task to the most suitable AI model.
HSBC Asset Management’s VC strategy includes investing in fund of funds and making co-investments in high-growth, venture-backed companies. Company CEO and co-founder Chaz Englander expressed delight at the investment, highlighting the growing confidence in vertical AI for financial services.
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