Boosted.ai, a Toronto and New York-based cutting-edge generative AI company, has closed a $15 million financing round. 

Investors 

This round includes funding from Fidelity Investments Canada ULC, alongside existing investors Ten Coves Capital, Spark Capital, Portage Ventures, Royal Bank of Canada (RBC), and HarbourVest Partners. The round brings Boosted.ai's total raised to $61 million. 

Boosted.ai Use of Funds 

The company intends to use this funding to scale its platform, enhance the Alfa product, expand its team, and meet growing demand for its services. 

About Boosted.ai 

Founded in 2017 by Joshua Pantony, Jon Dorando and Nicholas Abe, Boosted.ai specializes in providing AI-driven solutions for the financial industry. Its platform Alfa, leverages "agentic AI" technology to help investment professionals, automate and streamline their financial analysis and workflows. Its web-based platform, Boosted Insights, enables portfolio managers to apply quantitative investing techniques without coding expertise. The company is based in Toronto and New York City. 

Funding Details 

Company: Boosted.ai 

Raised: $15.0M 

Round: Unknown 

Funding Date: November 2024 

Investors: Fidelity Investments Canada ULC, Ten Coves Capital, Spark Capital, Portage Ventures, Royal Bank of Canada, HarbourVest Partners 

Company Website: https://boosted.ai/  

Software Category: Investment Management 

Source: https://www.businesswire.com/news/home/20241120214172/