Bridgewise nets $21 million Series A for AI-based analysis platform for global securities
Bridgewise nets $21 million Series A for AI-based analysis platform for global securities
The startup’s platform provides a suite of products that include detailed AI generated reports and on-demand analysis of any financial instrument or security
Bridgewise, which has developed an AI-based analysis platform for global securities, has announced the completion of a $21 million Series A funding round, bringing its total capital raised to $35 million. The round was led by SIX Group with participation from Group 11, L4 Venture Builder, and other global financial institutions. The company noted that it chose investors from leading finance companies that can act as strategic partners in key regions, with SIX Group, for example, operating the infrastructure for the Swiss and Spanish financial centers.
Bridgewise’s AI-driven investment analysis serves exchanges, banks, trading platforms, investment houses, wealth advisors, and financial media and education platforms. The company currently has clients and operations in over 15 countries including Australia, Brazil, Japan, Singapore, Switzerland, UAE, UK, US, and more.
“This is a major milestone on our mission to close the knowledge and accessibility gap across the global capital markets,” said Gaby Diamant, Co-founder and CEO of Bridgewise. “Our AI technology is uniquely positioned to provide the trustworthy analysis, recommendations, and support global investors need to make informed decisions.”
The Bridgewise platform provides a suite of products that include detailed AI generated reports and on-demand analysis of any financial instrument or security, a natural-language AI conversational chat - Bridget, a robo advisor that provides personal recommendations based on users existing portfolios, and more.
Bridgewise analyzes fundamental data on over 90% of listed global securities, including stocks, and mutual funds. It also provides investment recommendations.
The company explained that its core technology rests on two pillars. The first is a machine learning algorithm trained on more than 20 years of historical data that analyzes more than 50,000 listed securities providing each one with a performance score. The second core technology is a generative AI based on a proprietary Micro Language Model (MLM) that creates easy to understand reports for each security in the reader’s preferred language.
Bridgewise was founded in 2019 by Gabriel Diamant, CEO; brothers Dor and Or Eligula, CBO and COO, respectively; and Mor Hazan, VP of Product. The company currently employs around 70 people, double the workforce when it raised a $13 million Seed round in January 2023.
