Bridgewise, an AI-based analysis platform for global securities, has raised $21 million in a funding round, bringing its total capital raised to $35 million. The round was led by SIX Group with participation from Group11, L4 Venture Builder, and other global financial institutions.
The funding will further accelerate the expansion of Bridgewise’s global presence and support the development of its proprietary AI technology.
AI-powered financial intelligence platform
Bridgewise was founded in 2019 in Tel Aviv by Gabriel Diamant, brothers Dor and Or Eligula, and Mor Hazan. It’s estimated that only 20% of global securities are covered by financial institutions. This leaves investors unable to access hidden gems that could offer them lucrative returns. Bridgewise’s AI-powered platform bridges this knowledge gap, providing easy-to-understand equity research that was previously exclusively available only to major financial institutions.
The Bridgewise platform delivers a suite of products tailored to the needs of leading financial institutions and service providers. These include detailed AI-generated reports and on-demand analysis of any financial instrument or security, a natural-language AI conversational chat – Bridget, a robo advisor that provides personal recommendations based on users existing portfolios, and more.
Bridgewise analyses fundamental data on over 90% of listed global securities, including stocks, and mutual funds. It also provides investment recommendations, a unique and regulated feature that has already been approved in the markets in which it operates.
Its core technology rests on two pillars – a machine learning algorithm trained on more than 20 years of historical data that analyses more than 50,000 listed securities providing each one with a performance score and a generative AI based on a proprietary Micro Language Model (MLM) that creates easy to understand reports for each security in the reader’s preferred language.
Its AI-driven investment analysis serves exchanges, banks, trading platforms, investment houses, wealth advisors, and financial media & education platforms. Currently, the company has clients and operations in over 15 countries including Australia, Brazil, Japan, Singapore, Switzerland, UAE, UK, US, and more.
Gaby Diamant, Co-founder and CEO of Bridgewise, said, “This is a major milestone on our mission to close the knowledge and accessibility gap across the global capital markets. Our AI technology is uniquely positioned to provide the trustworthy analysis, recommendations, and support global investors need to make informed decisions. With partners such as SIX, Group 11, and L4VB on board we have the tools we need to deliver significantly upgraded insights across the globe, empowering investors in any language, in any market. This new funding is an opportunity to deliver on our promise to our customers, and our responsibility to the industry as a whole.”
Bjørn Sibbern, Global Head of Exchanges at SIX, said, “Our investment in Bridgewise signifies our commitment to innovation and the future of finance. With AI at its core, Bridgewise equips professional and retail investors with essential tools for informed decisions. This strategic move not only taps into a high-growth market but also enhances our internal expertise. Together, we’re driving innovation and empowering our customers across various geographies and in our home markets to stay competitive.”
Dovi Frances, Founding Partner at Group 11, said, “I’m thrilled to see Bridgewise taking this next step in their journey. The team has a clear vision and are leading the way for AI in capital markets. I look forward to seeing what 2024 has in store.”
Pedro Meduna, co-founder of L4VB said, “This new funding round is a testament of our commitment to both Bridgewise and the Brazilian market as a whole. We are confident that the renewal of our partnership will further expand the opportunities for local retail investors in capital markets and investments, and continue to amplify Brazilian companies’ visibility and exposure to the world, solidifying Brazil’s positioning as a key market on the global investment landscape.”
