Rogo raises about $30 million in strategic funding with backing from five major banks

Financial AI platform Rogo has secured about $30 million in strategic investment, with Citigroup, Barclays, BNP Paribas, Mitsubishi UFJ, and Societe Generale joining the round. The new investors add to an existing bank roster that already included JPMorgan, Wells Fargo, and Truist, bringing the total number of bank strategic investors to at least eight based on the information provided. Rogo initially focused on serving investment banks with tools for models, pitch decks, and research. It has now expanded into AI assistants for bank wealth advisers, offering functions such as portfolio checks, client relationship analysis, and support for preparing more personalized recommendations. The input also states that large banks including JPMorgan and Bank of America are already using Rogo. Earlier this year, in April, Rogo completed a $160 million Series D round at a $2 billion valuation. No updated valuation was disclosed as part of this strategic investment.