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Stock impact report

Y Combinator veterans raise $15 million to build an AI money manager that thinks like a wealthy family office [Business Insider]

DigitalOcean Holdings, Inc. (DOCN) 
Become an Insider and start reading now. Have an account? Log in ATG cofounders Dillon Erb and Daniel Kobran raised $15 million to build an AI wealth strategist. Y Combinator CEO Garry Tan led ATG's latest round. ATG's app, Autonomous, aims to help users with investment strategies employed by the ultrawealthy. Serial entrepreneurs and two-time Y Combinator grads Dillon Erb and Daniel Kobran announced Wednesday that they have raised $15 million to build a personalized AI-powered financial advisor. Erb and Kobran sold their first startup, the GPU cloud company Paperspace, to DigitalOcean for $111 million in 2023. The idea for their latest startup, Autonomous Technologies Group (ATG), emerged as they sought to organize their finances following the sale. ATG, a finance-focused applied AI research lab, is emerging from stealth with its first product, the wealth strategist app Autonomous. Autonomous aims to compete with the robo-advisors and traditional wealth managers that Show less Read more
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