Ridgeline raises $250M Series E at a $1.425B valuation
Ridgeline, which sells an AI-based cloud platform for investment managers covering trading, portfolio accounting and compliance, raised a $250M Series E led by its founder and chairman Dave Duffield, who also founded PeopleSoft and co-founded Workday.
Ridgeline, which sells an AI-based cloud platform for investment managers covering trading, portfolio accounting and compliance, raised a $250M Series E led by its founder and chairman Dave Duffield, who also founded PeopleSoft and co-founded Workday. (GlobeNewswire release via TechDogs; FinTech Futures)
Motley Fool Ventures, associates of Smead Capital Management and Patrick O'Shaughnessy also invested. The company says more than $750B in assets is committed to the platform and plans to use the money for AI features, managed services and expansion into Canada and Europe. (GlobeNewswire release via TechDogs; FinTech Futures)