Ridgeline raises $250M Series E at $1.425B valuation to expand AI-native investment management platform. Led by founder Dave Duffield with participation from customers including Motley Fool Ventures.
Patrick O'shaughnessySmead Capital ManagementMotley Fool VenturesDave Duffield
Description
Ridgeline, an AI-native investment management platform for asset and wealth managers, has raised $250 million in Series E funding at a $1.425 billion valuation. The invitation-only round was led by company founder and Chairman Dave Duffield, who also founded PeopleSoft and Workday. Customers and affiliates participating included Motley Fool Ventures, associates of Smead Capital Management, and Patrick O'Shaughnessy, CEO of Positive Sum. The funding will support expansion of AI capabilities, managed services business, and international operations.
Company Information
Company
Ridgeline
Location
936 Southwood Blvd
Incline Village, Nevada, United States
About
Ridgeline is the industry cloud platform for investment management. It was founded by visionary entrepreneur Dave Duffield (co-founder of both PeopleSoft and Workday) to address the unique technology challenges of an industry in need of new thinking. We are building a modern cloud-native platform, purpose-built for the investment management industry to empower businesses like never before. With a growing campus in Reno and offices in New York, Lake Tahoe, and the Bay Area, Ridgeline is proud to have built a fast-growing, people-first company that has been recognized by Fast Company as a "Best Workplace for Innovators," by Frost & Sullivan as a "Technology Innovation Leader," and by The Software Report as a "Top 100 Software Company."
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Incline VillageSoftwareSaasinformation technology & services