Sibli, a startup utilizing AI to assist asset managers in the investment research process, has secured $4.5 million in seed funding.
The funding round was led by Staircase Ventures, with participation from The Group Ventures, Burst Capital, MaRS IAF, and several private investors. Founded by a team of experts in AI and finance, Sibli—formerly known as Responsibi—leverages generative AI and large language models to analyze vast amounts of unstructured data, providing asset managers with valuable insights to gain a competitive edge.
The company has garnered interest from investment professionals across both buy and sell sides and is experiencing significant growth in annual recurring revenue. The new funding will be allocated to talent acquisition, expansion of access to new data sets, and enhanced computing capacity.
Alik Sokolov, CEO of Sibli, stated, “Investment research is set to be transformed by current advancements in Generative AI. We have assisted some of the most sophisticated investors in the world in overcoming practical challenges, yielding tangible benefits—some even launching novel strategies made possible through Generative AI and our technology.”