Funding Round attributes
Model ML, a Y-Combinator-backed AI fintech platform, has raised $12 million in funding to redefine how professionals across industries harness data and automate workflows. Founded by brothers Chaz and Arnie Englander, who have previously led successful ventures like Fat Llama (Hygglo) and Fancy (GoPuff), Model ML aims to streamline the decision-making process for professionals by utilizing advanced AI technology.
The platform is initially designed for the financial services sector but is rapidly expanding to consulting and strategy teams. Model ML aims to help professionals make high-stakes decisions faster and smarter by eliminating the repetitive, manual tasks that often drain resources and hinder growth. The company’s solution brings together published information and data instantly, freeing up top talent to focus on higher-value tasks.
Traditional business software has often failed to meet the demands of industries due to siloed systems and workflows, which hinder efficiency and compliance. Model ML addresses these challenges by offering a tailored AI platform that slots into existing organizational workflows. The platform pulls and processes data exclusively from a company's trusted sources, offering a more secure and precise alternative to traditional tools.
A key feature of the Model ML platform is its voice-first interface, available on both mobile and desktop. Professionals can use the voice interface to query data, generate reports, and automate the creation of spreadsheets and dashboards with minimal effort. This shift in human-computer interaction represents a significant leap forward, allowing workers to accomplish tasks that once took hours in a matter of moments.
Before officially emerging from stealth mode, Model ML had already gone live with more than 20 customers, including some of the largest financial institutions in the world. Early adopters have reported increased efficiency, with some even revising their business strategies based on the insights generated by the platform.
Chaz Englander, CEO and co-founder of Model ML, shared that traditional software often requires manual data collection for tasks like emails, financial models, and presentations, but Model ML has revolutionized these processes. “We’ve rebuilt these applications from the ground up using advanced AI systems, eliminating the need for manual data gathering,” he said.
The funding round was led by Y-Combinator and LocalGlobe, with angel investments from prominent figures in banking and private equity. Ziv Reichert, a partner at LocalGlobe, emphasized the transformative nature of Model ML’s approach. He noted that the platform is quickly changing the way organizations operate, making it clear that the company’s obsession with customer needs and speed of execution is driving its success.
Model ML, headquartered in New York with offices in Hong Kong and London, will use the new funding to scale its product, expand its customer base, and continue improving financial workflows. The company’s cutting-edge technology and rapid adoption among top-tier customers position it as a leader in the AI-driven business solutions space.
