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Databricks tops USD $7 billion run-rate after funding
Software-as-a-Service

Databricks tops USD $7 billion run-rate after funding

Investor demand for private AI software remains strong as Databricks hits a USD $7 billion revenue run-rate and a USD $190 billion valuation.

By Mark Tarre • 4 min read • This month
WRISE launches AI Labs with HKD $30m & new scientist
Data Analytics

WRISE launches AI Labs with HKD $30m & new scientist

The wealth manager will use the funds to build AI tools for advisers and client service, as firms race to lift productivity and engagement.

By Joseph Gabriel Lagonsin • 4 min read • Last month
Hadrius raises USD $27 million to boost AI compliance
Software-as-a-Service

Hadrius raises USD $27 million to boost AI compliance

The funding will help regulated finance firms monitor rapidly growing communications and trading data as AI-driven compliance risks intensify.

By Karen Joy Bacudo • 3 min read • Last month
Harvey acquires Benchmark to boost asset management
Software-as-a-Service

Harvey acquires Benchmark to boost asset management

The move gives Harvey a deeper foothold in asset management software as it pushes further into the investment process, with no deal terms disclosed.

By Mark Tarre • 3 min read • Last month
Rogo appoints Joe Xavier as Chief Technology Officer
Software-as-a-Service

Rogo appoints Joe Xavier as Chief Technology Officer

The hire signals Rogo's push to expand in finance, with annual recurring revenue up more than 50% and 100 new customers last quarter.

By Joseph Gabriel Lagonsin • 3 min read • Last month

Stories from Other Regions

Investment Management stories

DriveWealth & IOL launch digital private banking in Uruguay
Digital Transformation

DriveWealth & IOL launch digital private banking in Uruguay

Affluent Uruguayan investors can now access global markets through a single app, as IOL Privé combines advice, planning and trading.

By Karen Joy Bacudo • 3 min read • Last week
Amplify & Ned Davis Research launch managed portfolios
Productivity

Amplify & Ned Davis Research launch managed portfolios

Advisers will gain access to Ned Davis Research models across multiple custodians, while Amplify handles trading, rebalancing and reporting.

By Karen Joy Bacudo • 4 min read • This month
Allvue launches GP Accounting for private capital firms
Fintech

Allvue launches GP Accounting for private capital firms

The new software aims to cut reliance on spreadsheets and curb reconciliation errors as private capital firms juggle carry, ownership and compensation.

By Karen Joy Bacudo • 4 min read • This month
Balance Theory raises USD $19m in Series A funding
Software-as-a-Service

Balance Theory raises USD $19m in Series A funding

Boards are pressuring security chiefs to prove returns as the Columbia, Maryland firm expands a platform that manages more than USD $1 billion in spend.

By Sean Mitchell • 4 min read • This month
GrowIt taps Modern Treasury for real estate payments
Software-as-a-Service

GrowIt taps Modern Treasury for real estate payments

Real estate sponsors could cut manual fund handling as the platform adds account, reconciliation and distribution tools across ACH, RTP, FedNow and wires.

By Karen Joy Bacudo • 4 min read • Last month
Iwoca secures GBP £250 million facility for SME lending
Fintech

Iwoca secures GBP £250 million facility for SME lending

A surge in small-business borrowing has prompted Iwoca to expand lending capacity, after UK SME lending rose 60% in 2025.

By Karen Joy Bacudo • 3 min read • Last month
George Kailas launches Aethon Fund with USD $50 million
Fintech

George Kailas launches Aethon Fund with USD $50 million

The hedge fund will channel money back into Prospero.ai as it shifts founder George Kailas into a chairman role and adds AI-driven trading.

By Karen Joy Bacudo • 4 min read • Last month
Asian investors pile into equities as bond flows slide
Risk & Compliance

Asian investors pile into equities as bond flows slide

Asia's fund investors shifted towards shares in the first half of 2026, with bond funds sliding to net outflows of USD $3.1 billion.

By Karen Joy Bacudo • 4 min read • Last month
Rogo & Snowflake deepen AI data tie-up for finance
Software-as-a-Service

Rogo & Snowflake deepen AI data tie-up for finance

Financial firms can now use governed Snowflake data in Rogo's AI tools without moving sensitive records outside existing controls.

By Karen Joy Bacudo • 3 min read • Last month
IMTC ties ICE Bonds liquidity into trading platform
Fintech

IMTC ties ICE Bonds liquidity into trading platform

Buy-side portfolio managers will be able to trade bonds without leaving IMTC's system, as ICE Bonds liquidity is embedded in existing workflows.

By Karen Joy Bacudo • 3 min read • Last month
TD Asset Management launches global real estate vehicle
Fintech

TD Asset Management launches global real estate vehicle

Canadian accredited investors gain access to a global real estate strategy as TD Asset Management widens its private markets push with iCapital Canada.

By Karen Joy Bacudo • 4 min read • Last month
WealthAi & Flanks join forces on wealth data platform
Software-as-a-Service

WealthAi & Flanks join forces on wealth data platform

Wealth managers could cut manual reconciliation as the tie-up gives access to data from more than 650 financial institutions in one system.

By Karen Joy Bacudo • 4 min read • Last month