US-based AI wealthtech platform Range has raised $12m (£9.5m, €10.9m) in a funding round.
The round was led by Gradient Ventures, Google’s AI-focused venture fund.
The funding will be used primarily to grow the product and engineering teams to accelerate offerings to Range’s customers. Range plans to integrate its wealth management tools with various AI technologies to automate aspects of wealth and tax planning.
Fahad Hassan, co-founder and chief executive of Range, said: “We started this company to help families better manage their wealth.
“With our new investors and their experience in AI, we believe this partnership and financing will allow us to assist families during unprecedented times of economic change and uncertainty. Our products will allow everyone to access the advice and tools typically only available to the wealthy.”
