Nevis has raised 40 million to build AI for wealth management. The company lifted 35 million in fresh Series A capital. The round brought its total funding to 40 million less than a year after it launched. The investment came from Sequoia Capital, ICONIQ and Ribbit. The raise signals growing demand for AI tools built for financial advice firms.
Nevis provides an AI platform that supports financial advisors. The system completes operational tasks from start to finish. It automates client meeting preparation. It opens custodian accounts. It completes administrative work that often slows advisors down.
The company already supports fast-growing wealth management firms in the United States. These firms represent more than 50 billion in client assets. New customers continue to join at speed. Demand is rising because advisor capacity remains a long-standing bottleneck. Many advisors spend up to 80 of their working hours on manual tasks. These tasks limit the time available for client service.
