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AI platform for junior bankers achieves $2B valuation
AI startup Rogo has just nabbed $160 million in new funding, driving its valuation up to $2 billion. So what's attracted all that cash — and 35,000 users, including some of the world's biggest banks? Rogo's platform uses AI to handle the "dealmaking drudgery" usually assigned to junior bankers, like slide decks and research. Though critics worry Rogo could kill entry-level job opportunities, its founders argue it can instead release younger workers "from grunt work so they can try more meaningful roles earlier in their careers."
Today we’re announcing $160M in new financing, led by Kleiner Perkins, with participation from Sequoia, Thrive Capital, Khosla Ventures, J.P. Morgan Growth Equity Partners, BoxGroup, Mantis VC, Jack Altman, Evantic and Positive Sum. Rogo is now deployed...
