MDOTM Ltd., a global provider of AI-driven investment solutions for asset and wealth management companies, has raised a $27 million growth equity round led by Expedition Growth Capital, bringing its total institutional funding to $36.5 million. The fresh capital will be used to accelerate the international expansion of MDOTM’s proprietary AI investment platform, Sphere, and support extensive hiring across AI research, engineering, sales, and client solutions. Sphere currently supports over $100 billion in assets under management (AUM) across more than 60 financial institutions—including Morgan Stanley, Amundi, and Zurich Bank-enabling firms to manage thousands of complex portfolios simultaneously by replacing fragmented spreadsheet workflows with an institutional-grade, automated system.
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Highlighting the rapid market shift toward scaled algorithmic portfolio management, Tommaso Migliore, CEO and Founder of MDOTM, stated: “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. 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 accelerating demand in the US and European market.” Echoing this view on operational enablement, Steve Twomey added: “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. MDOTM has built the AI infrastructure that finally scales that work, with the explainability and governance institutional buyers demand.”
