Sequoia Capital Leads Funding for AI Startup Rogo, Betting on AI Tools to Replace Junior Bankers
Deep News
Oct 28
Sequoia Capital has led an investment in Rogo Technologies Inc., a startup developing AI tools to enhance banker efficiency, valuing the company at $750 million, according to people familiar with the matter.
The New York-based company creates software designed to assist investment bankers with certain tasks, with the ultimate goal of building AI equivalent to banking analysts. The new funding more than doubles Rogo’s valuation from earlier this year when Thrive Capital led a $50 million Series B round.
Sources indicate the startup may raise between $50 million and $100 million as part of the latest deal, though the transaction has not yet been finalized. The individuals requested anonymity as the information remains private.
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