- AI-powered investment solutions provider for asset and wealth managers MDOTM has raised $27 million in funding.
- The round was led by Expedition Growth Capital and takes MDOTM’s total funding to $36.5 million.
- MDOTM made its Finovate debut earlier this year at FinovateEurope 2026, introducing its proprietary AI investment platform Sphere.
In a round led by Expedition Growth Capital, AI-driven investment solutions provider MDOTM has secured $27 million in growth equity funding. The investment takes the company’s total funding to $36.5 million, and will be used to accelerate international expansion and hiring across AI research, engineering, product, sales, and client solutions.
With clients including Morgan Stanley, Amundi, and Zurich Bank, MDOTM serves more than 60 financial institutions throughout Europe, the UK, and the US, enabling a growing number of firms to use AI-powered solutions to manage complex investment portfolios at scale. The company’s flagship offering, Sphere, analyzes market and macroeconomic data to identify market regimes and provide forward-looking insights across asset classes. Investment teams can leverage this analysis to construct their own market views, which are then translated into portfolio construction and rebalancing tools. This empowers users to create, customize, and manage investment portfolios at scale, leveraging Sphere’s generative AI capabilities to automatically create personalized portfolio commentary and client reporting.
“Asset and wealth managers are no longer asking whether to use AI in investment decisions, but how to deploy it at scale across thousands of portfolios while maintaining control,” MDOTM CEO Tommaso Migliore said. “That is exactly what Sphere was built to enable, which is why leading financial institutions are already running the platform in production. This investment will help us expand our team and meet the accelerating demand in the US and European market.”
MDOTM’s funding comes as asset and wealth managers are dealing with the twin challenges of fee compression and a demand for personalization. Further, the rising number of investment opportunities is making portfolio orchestration increasingly complex. This requires asset and wealth managers to manage a greater number of inputs, constraints, and decisions across thousands of portfolios. In response, MDOTM’s Sphere delivers an end-to-end AI workflow for investment teams, providing them with AI-driven insights, automated portfolio construction, customization, and rebalancing, personalized portfolio commentary, and more. With over $100 billion in assets under management, MDOTM’s Sphere is backed by a team of 60+ data scientists, engineers, and finance experts, as well as the MDOTM LAB, an academic network of 20+ professors and PhDs engaged in research on machine learning, portfolio management, behavioral finance, and AI ethics.
“Financial institutions have spent the last decade buying back-office and front-end software, but the work in the middle still happens in spreadsheets: rebalancing, keeping portfolios aligned with house views, and generating client commentary,” Expedition Growth Capital Partner Steve Twomey said. “MDOTM has built the AI infrastructure that finally scales that work, with the explainability and governance institutional buyers demand.”
Founded in 2015 in London, MDOTM made its Finovate debut at FinovateEurope 2026. At the conference, the company demonstrated its proprietary AI platform, Sphere, which enhances investment processes and decision-making for banks, insurers, asset managers, and wealth management firms.
Photo by Lucas Davies on Unsplash
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