FutureVault, a Toronto, Canada-based provider of AI-powered digital vaults for financial institutions, has secured an additional $3 million in equity capital.
Investors
The investment was made by FutureVault's Founder & Executive Chairman G. Scott Paterson, CEO Daniel Kenny, along with existing shareholders and selected new investors, bringing FutureVault's total raised to $31 million.
FutureVault Use of Funds
The company will use the funds to accelerate product functionality development, enhance integration of AI and Large Language Models (LLMs), and drive advancements in workflow automation to improve customer ROI.
About FutureVault
FutureVault provides an AI-powered digital vault platform designed for financial institutions, wealth enterprises, advisors, and clients to manage and exchange critical documents and data. It automates, aggregates, and centralizes client, advisor, and enterprise documentation (along with the data embedded within it) through bi-directional integrations with other wealth tech providers. FutureVault's mission is to transform document and data intelligence for the financial services sector.
Funding Details
Company: FutureVault Inc
Raised: $3.0M
Round: Equity Financing
Funding Date: March 2025
Investors: G. Scott Paterson, Daniel Kenny
Company Website: https://www.futurevault.com/
Software Category: Document Management
Source: https://www.prnewswire.com/news-releases/futurevault-secures-an-additional-us-3-million-in-equity-capital-302394088.html