March 25, 2024 news: Israeli AI investment accounting startup FundGuard announced the completion of a $100 million Series C funding round. The company has developed a cloud-native, AI-driven multi-asset class investment accounting platform. The round was led by Key1 Capital, with new investors including funds managed by Euclidean Capital and Hamilton Lane. Existing investors and the company's earliest financial investors, Blumberg Capital and Team8, also participated in the round.
The company plans to use the funds raised in this round to accelerate new product capabilities and further expand the company's market coverage.
FundGuard was founded in 2018 by Lior Yogev (CEO), Yaniv Zecharya (CTO), and Uri Katz (VP of R&D). The company leverages cloud-native technology and AI capabilities to transform investment operations, modernizing and simplifying investment accounting operations and workflows. FundGuard helps asset managers and their service providers manage mutual funds, ETFs, hedge funds, insurance products, and pension funds, supporting digital transformation, operational automation, AI-based insights, and migration to the cloud.
(Source:CTech）