Listen to this articleRogo, a New York-based AI platform purpose built for finance, announced a $160 million Series D funding round. Kleiner Perkins led the round, with participation from existing investors including Sequoia, Thrive Capital, Khosla Ventures, J.P. Morgan Growth Equity Partners, BoxGroup, Mantis VC, and Positive Sum, plus new participants such as Evantic and angel investor Jack Altman.
Rogo’s recent $160 million round values the company at approximately $2 billion post money, marking a significant step up from its roughly $750 million valuation following the $75 million Series C in January 2026. Total funding now exceeds $300 million.
What is Rogo?
Founders Gabriel Stengel (ex Lazard), John Willett (ex JPMorgan), and Tumas Rackaitis started Rogo around 2021–2022, initially working from a kitchen table to address the repetitive, high volume grunt work in investment banking and deal making, such as financial modeling, diligence, research, and materials preparation. The team consists of former bankers and investors who emphasize domain expertise over generic AI tools.
Rogo positions itself as an agentic AI platform rather than a simple chatbot. Its core offering revolves around AI agents (notably Felix) that handle end to end financial workflows. These agents integrate deeply with enterprise systems, including SharePoint, CRM platforms, market data providers (e.g., Cap IQ, FactSet), filings, research reports, and proprietary data, to produce institutional grade outputs such as auditable Excel models, investment memos, diligence materials, slide decks, and client presentations.
The platform targets ambitious financial institutions, including investment banks (e.g., Lazard, Moelis, Jefferies, Rothschild & Co., Nomura), private equity firms, and other investors. It emphasizes security, auditability, compliance, and customization, with bespoke deployments supported by former finance professionals for change management and integration.
Key traction metrics include:
- Over 35,000 bankers and investors actively using the platform.
- More than 50,000 daily queries.
- Service to over 250 institutions.
These figures reflect rapid adoption in a sector where trust, precision, and integration with sensitive data are critical barriers for AI tools.
Rogo’s funding has accelerated alongside its product maturity and market validation:
- Early rounds (Seed ~$7M in 2024 led by AlleyCorp; Series A led by Khosla) focused on initial development.
- Series B ($50M in April 2025, led by Thrive Capital) at ~$350M valuation.
- Series C ($75M in January 2026, led by Sequoia) at ~$750M valuation, coinciding with the opening of a London office for European expansion and additional participation from Henry Kravis and Wells Fargo.
- Series D ($160M in April 2026) at ~$2B valuation.
This progression demonstrates strong investor conviction, with a mix of top tier venture firms (Kleiner Perkins, Sequoia, Thrive, Khosla) and strategic finance linked capital (J.P. Morgan). The jump to a $2B valuation in roughly three months after Series C reflects hypergrowth in usage and the perceived strategic importance of vertical AI in finance.
How will Rogo use the funds?
Rogo intends to allocate the new capital toward:
- Scaling its agentic platform and deepening the capabilities of Felix for more complex, long running workflows.
- Global expansion, particularly into EMEA and Asia, building on the existing London presence.
- Strengthening institutional partnerships through embedded engineering teams at client sites and tighter integrations.
- Enhancing product depth in areas like proprietary data handling, auditability, and workflow automation to maintain a moat in a highly regulated industry.
The company frames this as building the “AI operating system” or trusted teammate for finance, aiming to boost productivity, reduce junior banker burnout, improve work life balance and talent retention, increase consistency of deliverables, and allow senior professionals to focus on high value client relationships and strategic advisory.
Recommended: Nirova Raises $3M In Seed Funding Round
Finance represents a high stakes vertical for AI due to its data intensity, need for precision/auditability, regulatory requirements, and reliance on nuanced domain knowledge, areas where general purpose models often fall short. Rogo differentiates by being “built by finance for finance,” focusing on executable agents rather than query response interfaces. It integrates broadly with existing tools and data sources while producing outputs that meet institutional standards.
The timing aligns with broader enthusiasm for agentic AI (autonomous systems that complete multi step tasks) and vertical applications in professional services. Adoption metrics suggest Rogo has moved beyond pilots into meaningful daily usage at scale within bulge-bracket and elite boutique firms. Challenges in the space include data privacy, hallucination risks in financial outputs, integration complexity, and potential resistance from incumbents or talent concerns, though Rogo’s narrative highlights benefits for retention and capacity creation.
Investor participation from both pure VC heavyweights and J.P. Morgan signals validation of the platform’s potential as infrastructure for global finance. The rapid valuation increase underscores market bets on AI transforming (rather than merely augmenting) core deal making and investment processes.
The $160M Series D positions Rogo as a category leader in finance specific agentic AI, with substantial capital to pursue international scale and deeper entrenchment in client workflows. The company’s trajectory from a founder-led side project addressing real pain points (late night modeling and diligence) to a multibillion dollar platform reflects both strong product market fit and the intense capital appetite for credible vertical AI solutions in 2026.
Please email us your feedback and news tips at hello(at)superbcrew.com
Activate Social Media:
