Nevis Raises $70M Series B to Build AI Operating System for Wealth Management
aiinsider ·
Nevis has successfully closed a $70 million Series B funding round to develop an AI operating system specifically designed for the wealth management sector. The investment was led by EQT Ventures and included participation from major firms such as Charles Schwab, Sequoia Capital, ICONIQ, QuantumLight, and Ribbit Capital. This latest raise brings Nevis's total funding to $110 million just two years after its founding by CEO Mark Swan and co-founders Philipp and Ivan. The company’s platform integrates CRM, meeting intelligence, financial planning, and custodial workflows, utilizing AI agents to handle operational tasks end-to-end. According to CEO Mark Swan, the technology is intended to empower human advisors rather than replace them, with users reclaiming up to 10 hours per week. Since its inception, assets on the platform have surged from $50 billion to over $700 billion, while revenue has increased more than 25 times. Additionally, Nevis agents have completed over 100,000 tasks for clients including Focus Financial Partners and IEQ Capital.
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