Articles from Nevis

Nevis, the AI operating system for wealth management, today announced its $70 million Series B led by EQT Ventures, bringing total funding to $110 million in two years since founding. New strategic investors in the round include The Charles Schwab Corporation, which serves more than 48 million client accounts, $13 trillion in total client assets and supports more than 17,000 independent RIAs; and QuantumLight, the fund of Revolut founder and CEO Nik Storonsky. All existing investors, including Sequoia Capital, ICONIQ and Ribbit Capital, have also expanded their commitments in this new round.

Focus Financial Partners (“Focus”) and Nevis today announced a strategic partnership under which Nevis will serve as the enterprise AI platform for Focus Partners Wealth and Focus’ other business units, helping reduce administrative burdens, expand advisor capacity and enhance the experience for clients and advisors. The deployment will support Focus’ team members, reinforcing its commitment to pairing cutting-edge technology with highly personalized advice.

Nevis, an AI platform for wealth management, today announced that it has raised $35 million in a Series A round from Sequoia Capital, ICONIQ and Ribbit Capital, bringing its total funding to $40 million less than a year after founding.