Industry context: Asset and wealth managers increasingly require scalable AI to manage thousands of portfolios while preserving human oversight; this raises operational demands around model validation, data pipelines, and portfolio orchestration. MDOTM Ltd. announced the close of a $27 million growth equity round led by Expedition Growth Capital, Business Wire and Axios report. The round brings MDOTM's total funding to $36.5 million, Business Wire reports. MDOTM's AI platform Sphere now supports more than $100 billion in assets across 60+ financial institutions, including Morgan Stanley, Amundi and Zurich Bank, per Business Wire and Fintech.global. New board members named in coverage include Steve Twomey (Expedition) and James Hays (IFC Advisors), Fintech.global reports. Business Wire and Fintech.global say the funding will accelerate international expansion and hiring across AI research, engineering, product, sales and client solutions.
MDOTM Raises $27M Growth Equity Round Led by Expedition Growth Capital as AI Adoption Permeates the Asset and Wealth Management Industry