Rogo, a secure enterprise AI platform designed for finance professionals, has raised $18.5 million in a Series A funding round led by Khosla Ventures. The round also saw participation from notable investors, including Mantis VC, Jack Altman (CEO of Lattice), Eric Schmidt (former CEO of Google), and others. Keith Rabois, General Partner at Khosla Ventures and CEO of OpenStore, joins Rogo’s board of directors following the successful round, bringing Rogo’s total funding to $26 million.
Rogo’s Role in Revolutionizing Financial Services
Founded in 2021, Rogo is at the forefront of leveraging Generative AI technology to transform the financial sector. The company has quickly established itself as a leader in providing AI-driven solutions to financial institutions, including investment banks, hedge funds, and private equity firms. Rogo’s platform fine-tunes large language models (LLMs) to provide real-time responses to complex financial queries, automate processes, and deliver detailed market analyses. These capabilities empower financial firms to streamline workflows, improve efficiency, and reduce the workload on junior teams.
Rogo CEO and Co-Founder Gabriel Stengel highlighted the company’s vision: “We believe Generative AI is set to revolutionize knowledge work, and no industry stands to benefit more than financial services. Over the past year, we’ve empowered top financial professionals to work smarter and more efficiently.”
Expanding Footprint and Market Reach
Since coming out of stealth mode in early 2024, Rogo has quickly gained traction with over 25 leading financial firms adopting its platform. The company has achieved multi-million-dollar annual recurring revenue (ARR) and continues to see growing demand across global financial institutions. The Series A funding will help Rogo accelerate its core platform development, expand its team, and scale customer partnerships. The firm is also poised to double its revenue by the end of 2024 as it increases its banking footprint and continues partnering with financial professionals to support firmwide AI strategies.
Strategic Partnership with Khosla Ventures
Khosla Ventures, a prominent venture capital firm known for supporting transformative technologies, led the Series A round. With over $15 billion in assets under management (AUM), Khosla Ventures has a track record of backing bold innovations in various industries. The firm’s involvement underscores the potential of Rogo’s AI platform to redefine how financial institutions leverage data and automation.
Keith Rabois, a four-time Midas List awardee and General Partner at Khosla Ventures, will now serve on Rogo’s Board of Directors, providing strategic insights to guide the company’s continued growth.
Driving AI Integration Across Financial Services
Rogo’s platform aims to revolutionize how financial firms approach data analysis and workflow automation. By integrating AI solutions tailored to specific needs, Rogo helps companies navigate the complexities of firmwide AI strategies. This approach has led to rapid adoption and proven success among top-tier investment banks and private equity firms.
The company’s growth trajectory shows no signs of slowing down as it prepares to scale even further with the latest funding round. With the financial services industry poised for a major AI-driven transformation, Rogo is well-positioned to be a leading player in shaping the future of knowledge work in finance.
