By Kyle Wiggers
FundGuard, an AI-powered software-as-a-service investment management platform, today announced that it closed a $12 million funding round. The investment will spur product development to support existing partnerships, FundGuard says, in addition to helping to meet demand from alternative funds and insurers.
AI is increasingly being used to manage assets toward the goal of maximizing returns on investments. For example, trading algorithms leverage AI to devise novel signals and execute trades with lower overall transaction costs. AI can also bolster risk modeling and forecasting by generating insights from previously untapped data sources.