Paradigm Raises $1.5B, Harper's $46.8M AI Insurance Boost, and Avantos' $35M for Financial AI - Finance AI Weekly #55
March 02, 2026 -
Finance AI Weekly
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Welcome to this week's edition of Finance AI Weekly.
On February 19, 2026, Synechron announced a partnership with Cognition to integrate autonomous AI software engineer Devin into its delivery model, aiming to modernize banking software efficiently. Meanwhile, Sherpas has secured $3.2 million in seed funding to develop an AI-native operating layer aimed at automating financial advice in wealth management.
Avantos, an AI-native operating system for financial services, has secured $35 million in funding to enhance client servicing. The investment includes a $25 million Series A round led by Bessemer Venture Partners and contributions from Guardian Life Insurance Company, SEI, and Vanguard. Additionally, Stacks, an AI platform for enterprise finance, has raised $23 million in Series A funding led by Lightspeed to automate financial processes and improve finance reporting with its AI Flux Analysis.
Welcome to this week's edition of Finance AI Weekly.
On February 19, 2026, Synechron announced a partnership with Cognition to integrate autonomous AI software engineer Devin into its delivery model, aiming to modernize banking software efficiently. Meanwhile, Sherpas has secured $3.2 million in seed funding to develop an AI-native operating layer aimed at automating financial advice in wealth management.
Avantos, an AI-native operating system for financial services, has secured $35 million in funding to enhance client servicing. The investment includes a $25 million Series A round led by Bessemer Venture Partners and contributions from Guardian Life Insurance Company, SEI, and Vanguard. Additionally, Stacks, an AI platform for enterprise finance, has raised $23 million in Series A funding led by Lightspeed to automate financial processes and improve finance reporting with its AI Flux Analysis.
Synechron and Cognition Partner for AI in Banking
On February 19, 2026, Synechron announced a strategic partnership with Cognition to integrate autonomous AI into its banking solutions, aiming to modernize software efficiently while maintaining security standards. Read more
Sherpas Raises $3.2M for AI Wealth Management Platform
Sherpas has secured $3.2 million in seed funding to develop an AI-native operating layer aimed at automating financial advice in wealth management. Read more
NEWITY Secures $11 Million from CMT Digital
NEWITY has announced an $11 million investment led by CMT Digital to enhance its AI-driven lending solutions for small businesses. Read more
Avantos Raises $35 Million to Boost AI in Financial Services
Avantos has secured $35 million in funding to enhance its AI-driven client servicing in the financial sector. The investment includes a $25 million Series A round led by Bessemer Venture Partners and contributions from Guardian Life Insurance Company, SEI, and Vanguard. Read more
Stacks Secures $23 Million for AI Finance Solutions
Stacks, an AI platform for enterprise finance, has raised $23 million in Series A funding led by Lightspeed. The company aims to automate financial processes and has introduced AI Flux Analysis to improve reporting and analysis. Read more
Info-Tech Report: Legacy Systems Limit AI in Banking
A report by Info-Tech Research Group indicates that outdated data systems in the banking sector are restricting AI scalability, particularly in fraud detection and risk analytics. The report proposes a five-step strategy to modernize data approaches for enhanced AI use. Read more
Rowspace AI Raises $50 Million for AI Data Management
Rowspace AI has secured $50 million in funding led by Sequoia Capital and Emergence Capital. The funds will enhance its AI platform for financial services. Read more
Sentient Introduces Arena for Testing AI in Finance
Sentient has launched Arena, a platform to evaluate autonomous AI agents in financial workflows. The project aims to address the interest in agent-driven automation, with initial involvement from Franklin Templeton and Founders Fund. Read more
Harper Secures $46.8 Million for AI Insurance Brokerage
Harper, an AI-powered insurance brokerage, has raised $46.8 million in Series A and seed funding to enhance its services for small- to mid-sized businesses. The funding round was led by Emergence Capital and included investors like Y Combinator and Lobster Capital. Read more
Paradigm Raises $1.5 Billion for AI and Robotics
Paradigm is raising $1.5 billion to invest in artificial intelligence, robotics, and other emerging technologies, while also supporting blockchain projects. Read more
Basware Launches AI for Automated Invoice Processing
Basware has introduced AI agents in its Invoice Lifecycle Management Platform to automate accounts payable processes, focusing on trust and governance in AI operations. Read more
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