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Reflexivity Raises $30 Million in Series B Funding
NEW YORK, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Reflexivity (formerly Toggle AI), a leading provider of innovative artificial intelligence solutions for the investment industry, has announced a $30M Series B fundraising round led by Greycroft and Interactive Brokers. Additional participation included
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Reflexivity raises $30 million Series B funding round
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Additional participation included renowned hedge fund fund managers, Stanley Druckenmiller and Greg Coffey, as well as General Catalyst and SoftBank LatAm. "Our Series B
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Reflexivity, formerly known as Toggle AI, has raised $30 million in a Series B funding round led by Greycroft and Interactive Brokers. The investment will accelerate the company's product development and expand its AI-powered financial analysis platform.

Reflexivity, a leading provider of artificial intelligence solutions for the investment industry, has successfully closed a $30 million Series B funding round. The round was led by Greycroft and Interactive Brokers, with additional participation from renowned hedge fund managers Stanley Druckenmiller and Greg Coffey, as well as General Catalyst and SoftBank LatAm
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.Formerly known as Toggle AI, Reflexivity is based in New York, London, and Tokyo. The company is led by a team of industry veterans from top investment firms, fintechs, and AI companies. Reflexivity aims to combine first-class AI capabilities with institutional-grade analytics, leveraging hundreds of years of collective deep domain experience
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.Jan Szilagyi, CEO and co-founder of Reflexivity, emphasized the significance of this funding round, stating, "Our Series B funding is a pivotal step for Reflexivity, demonstrating the confidence investors have in our vision and capabilities. This investment reinforces our position as the go-to company for integrating AI in financial analysis"
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.The newly acquired funds will be utilized to accelerate Reflexivity's product roadmap and expand the delivery of its platform to a wide range of marquee clients throughout the financial industry. The company positions itself at the forefront of a transformative moment in AI, aiming to enable better interactions between machines and humans in financial analysis
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.Szilagyi further elaborated on the company's mission, saying, "We are significantly lowering the barrier for using the most powerful analytical tools available to the financial industry"
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Thomas Peterffy, Founder and Chairman of Interactive Brokers (IBKR), expressed enthusiasm about the investment, stating, "We are thrilled to support Reflexivity in their Series B fundraising. Our investment reflects our belief in Reflexivity's innovative approach to AI in financial analysis"
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.Interactive Brokers plans to integrate Reflexivity's advanced AI capabilities into their platform, IBKR. This integration aims to enhance the platform's analytical power and provide clients with cutting-edge tools for improved decision-making in financial markets
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.The substantial investment in Reflexivity underscores the growing importance of AI in the financial sector. As traditional financial analysis methods evolve, AI-powered tools are becoming increasingly crucial for investors and financial institutions seeking to gain a competitive edge in market analysis and decision-making processes.
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