Model ML, an AI startup focused on automating workflows for investment banks and asset managers, is negotiating a funding round exceeding $100 million. This investment could reach $150 million, pushing the company's valuation above $1 billion. As of mid-September 2026, the round remains open.
Founded in 2023 by Chaz and Arnie Englander, the company participated in the Y Combinator Winter 2024 batch and exited stealth in February 2025. It previously raised $12 million in a seed round and $75 million in a Series A in November 2025. HSBC Asset Management invested in August 2026, bringing total funding to over $100 million.
The platform automates research, data extraction, and document creation for Word, PowerPoint, and Excel. It is model-agnostic and includes audit trails and compliance controls. Clients include Deloitte and PwC, with former HSBC CEO Noel Quinn and ex-UBS chairman Axel Weber serving as advisors.
The company operates offices in San Francisco, New York, London, and Hong Kong, with its primary engineering hub located in London.
