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Israel Startup Raises $21 Million to Offer AI Investing Research

Apr 16, 2024 - bloomberg.com
Bridgewise, an AI startup providing investment research for global securities, has secured $21 million in funding. The Tel-Aviv based company uses machine-learning algorithms to offer investment analysis to brokerages, wealth advisors, and exchanges including Nasdaq, the London Stock Exchange, and the Tel Aviv Stock Exchange.

The startup has also developed a robo-advisor named Bridget, which provides on-demand research of any financial security, personalized for individual or family office portfolios. The service operates similarly to ChatGPT, allowing users to ask almost any question, but specifically provides financial guidance that OpenAI’s chatbot typically avoids.

Key takeaways:

  • Bridgewise, a startup that uses AI for investment research, has raised $21 million in funding.
  • The company uses machine-learning algorithms to provide investment analysis to brokerages, wealth advisors and exchanges such as Nasdaq, the London Stock Exchange and the Tel Aviv Stock Exchange.
  • Bridgewise has created a robo-advisor named Bridget that can deliver on-demand research of any financial security, personalized for an individual or family office portfolio.
  • The service operates like ChatGPT, allowing users to ask almost any question, but it specifically offers financial guidance that OpenAI’s chatbot often avoids.
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