Big-bank advisers already use the platform in wealth management
Rogo Technologies said it secured roughly $30 million in strategic investments as the startup seeks to deploy its artificial-intelligence agents across finance. Wealth management is among its next areas, and advisers at big banks already use its platform.
Major investment banks, including JPMorgan Chase and Bank of America, use Rogo for tasks such as building slide decks and Excel models. Founded in 2021 by former junior bankers, Rogo offers a suite of services to financial institutions.
Rogo says it remains in its early days in wealth management. The firm wants to automate some of the same types of tasks for advisers that it has for investment bankers.
Rahul Rekhi, Rogo’s president, told The Wall Street Journal in an interview that the platform can run portfolio reviews and provide analyses of client relationships that allow advisers to give more bespoke advice.
“We’re partnering deeply on their most important AI priorities,” Rekhi said of Rogo’s bank clients.
The new investment came from Citi, Barclays, BNP Paribas, MUFG and Société Générale, Rogo said. Co-founders of Moelis & Company and Sixth Street co-founder Josh Easterly also participated.
The latest financing follows a $160 million Series D that Rogo announced earlier in 2026 at a $2 billion valuation. Rogo said JPMorgan Chase, Wells Fargo and Truist were already strategic investors.
Banks are also developing other AI tools for wealth management. Earlier in 2026, Citi rolled out a partnership with Google to develop an AI-powered agent that can work with the bank’s wealth clients. Citi said the technology would supplement human advisers rather than replace them.
Many on Wall Street have acknowledged that AI may one day reduce the need for traditional financial roles. Other bank executives have said the technology could increase productivity without necessarily cutting staff.
On a July call with analysts, JPMorgan CEO Jamie Dimon said the bank had nearly 1,000 AI use cases, with 50 considered particularly important across areas including fraud and hedging. “And it’s kind of just starting,” Dimon said.
The technology also presents operational challenges. Banks have faced particular pressure to strengthen defenses against cybersecurity and fraud risks, while executives have separately contended with a rapid increase in the cost of tokens used to run AI systems.
This summer, Rogo implemented guardrails after an intern at a big bank was on pace to consume tokens at a $250,000 annualized rate.