Model ML, an AI start-up, has secured $75 million in funding to further develop its technology aimed at automating tasks traditionally performed by junior investment bankers. The company's AI is designed to streamline processes such as creating pitch decks and producing due diligence reports. This early-stage capital raise was led by FT Partners, with participation from Y Combinator Inc., QED Investors, 13Books Capital, and LocalGlobe.
Founded approximately a year ago, Model ML previously raised $12 million earlier in the year. The firm's technology uses agentic AI to assist private equity partners in drafting investment committee memos from emails, a task that typically consumes significant time. Model ML's team of 45 will use the funding to expand its onboarding team across San Francisco, New York, London, and Hong Kong, and to recruit additional AI engineers.
Model ML was co-founded by Chaz and Arnie Englander. The company's advisory board includes notable figures such as former HSBC Holdings Plc boss Noel Quinn and ex-UBS Group AG chairman Axel Weber. Model ML has already secured clients on Wall Street and among major consultancy firms.
