MDOTM raises $27M for its AI wealth-management platform

London-based MDOTM has raised $27M in a growth-equity round led by Expedition Growth Capital, bringing total funding to $36.5M. The company sells an AI platform called Sphere to banks and asset managers, which now supports over $100B in assets across 60+ institutions including Morgan Stanley, Amundi, and Zurich Bank. Sphere automates the tedious middle-office work of portfolio rebalancing, aligning portfolios with house views, and generating client reports via a generative AI layer called StoryFolio. The funding will support hiring and expansion into US and European markets. The company operates under FCA oversight and emphasizes human control and AI explainability to satisfy regulatory requirements.

Source: https://thenextweb.com/news/mdotm-27m-ai-wealth-management-sphere. 8 Sync News only summarizes and links out; content copyright belongs to the authors and original sources.