Boosted.ai raised $15 million worth of investment funds for its generative artificial intelligence tool for investment managers.
The mentioned financing was announced on Monday, November 25th. The appropriate funds will be used for expanding Alfa, the company’s agentic artificial intelligence platform.
In a press release published by Boosted.ai was noted that Agentic AI is actually an artificial intelligence-based co-worker that consumers can train to think like them and constantly monitor and update for everything that matters to their portfolio.
The press release also contains information that by leveraging Boosted.ai and its agent assistant Alfa users from all sectors of financial activity, including asset managers, wealth managers, family offices, and hedge funds, can automate their workflows, reducing what typically takes 40 hours of analyst work to approximately 20 minutes.
Boosted.ai It was founded in 2017. Initially, the company offered consumers proprietary machine-learning algorithms. The firm then focused on simple-to-use AI agents that think like the user.
It is worth noting that against the background of the active development and spread of artificial intelligence, the issue of cybersecurity has become more relevant. Scammers also have access to AI technologies that have made their activities more sophisticated. To counteract the corresponding threat in cyberspace, personal awareness of users is important. For example, a query in an Internet search engine, such as how to know if my camera is hacked, will allow anyone to get information about signs of unauthorized access to the device.
