MDOTM lands $27M to scale its AI investing platform across wealth managers
What's the deal? MDOTM, a London-based provider of AI-driven investment tools, has closed a $27 million growth equity round led by Expedition Growth CapitalDealroom has a profile for this one. Try Dealroom →.
The funding will fuel international expansion and hiring across AI research, engineering, product, sales, and client solutions. Total investment in the company now stands at $36.5 million.
Its platform, Sphere, supports over $100 billion in assets across more than 60 financial institutions, including Morgan StanleyDealroom has a profile for this one. Try Dealroom →, AmundiDealroom has a profile for this one. Try Dealroom →, and Zurich Bank.
Why now? Asset and wealth managers face fee compression and rising demand for personalisation at the same time. Hiring more investment professionals does not scale.
Meanwhile, a growing number of investment opportunities and AI insights makes managing thousands of portfolios increasingly complex.
Sphere analyses market and macroeconomic data to flag market regimes and deliver forward-looking insights, while letting investment teams add their own views. It then turns those into portfolio construction and rebalancing tools.
"Asset and Wealth Managers are no longer asking whether to use AI in investment decisions, but how to deploy it at scale across thousands of portfolios while maintaining control," said chief executive officer Tommaso Migliore.
What could go wrong? Trusting AI with portfolio decisions raises questions about control and accountability, which is why Sphere is built for human-AI collaboration rather than full automation.
Competition is also fierce, as financial institutions weigh building in-house tools against buying from providers like MDOTM.
The signal: AI is shifting from experiment to infrastructure in asset and wealth management, with firms wanting it running in production rather than in pilots. The appointment of James Hays — a near-40-year industry veteran and former Wells Fargo AdvisorsDealroom has a profile for this one. Try Dealroom → CEO — to MDOTM's board signals that Expedition Growth Capital is betting the next competitive edge lies in operational scale, not headcount.
Read more: Business Wire
Image credit: Generated with Gemini
