CIBC Innovation Banking provided $10 million in growth capital to Boosted.ai, a Toronto-based company that uses AI to automate investment management processes and increase productivity. Boosted.ai will use the funds to invest in product development and sales expansion in the Canadian and U.S. market.
“Paving the way for what’s possible in generative and agentic AI for investment management is an exciting challenge,” Joshua Pantony, co-founder and CEO of Boosted.ai, said. “Our clients have asked to ‘put their brain in the machine’ since we started in 2017. Allowing our customers to create AI analysts that think like them will help us continue to deliver on our promise to simplify the lives of asset managers. We are pleased to work with CIBC Innovation Banking to continue scaling our growth.”
“We’re really excited to work with Boosted.ai as it helps institutional investors and investment advisors find efficiency gains in a world where we all must optimize,” Eric Laflamme, managing director of CIBC Innovation Banking, said. “Boosted.ai is using AI to read millions of financial documents, automating their clients’ workflows and saving them staggering amounts of time.”
