Sequoia Capital has invested in Rogo, an AI platform designed to augment the work of investment bankers. Rogo's platform automates tasks such as earnings analysis, benchmarking, and pitch deck creation. It integrates internal and external data sources, ensuring accuracy and auditability. The platform uses professionally labelled data tailored to a firm's standards and offers flexible deployment options to meet security needs.
Rogo's AI can analyse market data and identify opportunities with speed and precision. It helps with tasks like public and private company profiling, meeting preparation, and comp analysis. Banks and hedge funds are already using the product. Other financial firms are also exploring AI integration. JPMorgan Chase, for example, allows staff to use in-house AI to draft performance reviews.
Startups like Rogo are developing tools tailored for financial services. Rogo is described as a chatbot that replicates work done by an investment banker. OpenAI is also paying ex-investment bankers to train its AI models.
