AI co-pilot solution Reflexivity raises $30m Series B led by Greycroft and IBKR
New York-based Reflexivity has raised $30 million through a Series B funding round, led by Greycroft and Interactive Brokers (IBKR), to accelerate the development of its AI co-pilot solution for the investment industry.
Reflexivity bags $30m Series B
As a result of its leadership of the round, IBKR will integrate the solution into its electronic trading platform to provide clients with tools for “better decision-making”, according to IBKR founder and chairman Thomas Peterffy, while also “enhancing our platform’s analytical power”.
Hedge fund managers Stanley Druckenmiller and Greg Coffey supported the round, alongside General Catalyst and the Latin American investment arm of SoftBank.
The investment builds on a $10.5 million Series A closed by Reflexivity, then known as Toggle AI, in 2021, which was also led by Greycroft alongside Rose Park Advisors and Fifth Down Capital.
With its latest capital raise, Jan Szilagyi, CEO and co-founder of Reflexivity, claims the investment provides a “springboard” to drive the company’s “future growth plans”.
Founded in 2019, Reflexivity provides a suite of AI-powered tools, including an analytics engine, knowledge graph and interface powered by large language models (LLMs), to enable investors with scenario testing, asset intelligence, chart exploration, idea discovery and other capabilities critical to the investment asset and portfolio management lifecycle.
