AIPitchBook Newsabout 1 hour ago
CAIS raises $170 million for acquisitions
2 min read
New York-based CAIS raised $170 million in a July round led by Vista Equity Partners, valuing the firm at over $2 billion. Founder Matt Brown stated the funds will fund acquisitions to compete with rival iCapital, which has a $7.5 billion valuation. The firm aims to help nearly 17,000 RIA firms discover investment products using AI tools.
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