CIBC Innovation Banking announced today that it has provided $10 million in growth capital to Boosted.ai, a Toronto-based company that uses AI to automate investment management processes and increase productivity. Boosted.ai will use the funds to invest in product development and sales expansion in the Canadian and US market.
Founded in 2017, Boosted.ai helps institutional investors and wealth managers save time, make data-driven decisions and maintain always-on monitoring by allowing them to train AI agents to work for them.
“Paving the way for what’s possible in generative and agentic AI for investment management is an exciting challenge,” said Joshua Pantony, co-founder and CEO, Boosted.ai. “Our clients have asked to ‘put their brain in the machine’ since we started in 2017. Allowing our customers to create AI analysts that think like them will help us continue to deliver on our promise to simplify the lives of asset managers. We are pleased to work with CIBC Innovation Banking to continue scaling our growth.”
“We’re really excited to work with Boosted.ai as it helps institutional investors and investment advisors find efficiency gains in a world where we all must optimize,” said Eric Laflamme, Managing Director in CIBC Innovation Banking. “Boosted.ai is using AI to read millions of financial documents, automating their clients’ workflows and saving them staggering amounts of time.”
About CIBC Innovation Banking
CIBC Innovation Banking delivers strategic advice, cash management and funding to innovation companies across North America, the UK, and select European countries at each stage of their business cycle, from start up to IPO and beyond. With offices in Atlanta, Austin, Boston, Chicago, Denver, Durham, London, Menlo Park, Montreal, New York, Reston, Seattle, San Francisco, Toronto and Vancouver, the team has extensive experience and a strong, collaborative approach that extends across CIBC’s commercial banking, private banking, wealth management and capital markets businesses.
About Boosted.ai
Boosted.ai is how investment managers work smarter. We provide an AI solution they use to save time (by providing new investment ideas and cutting research time), automate their processes by putting their brain in the machine, and be more data-driven in their process. We help our clients do more with less. To learn more, please visit www.boosted.ai.
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Contacts
Beth McKay, beth.mckay@cibc.com, 416-552-1391
