AI advisory firm Zocks lands $45m Series B investment

Zocks, a supplier of AI tools for fiscal advisors, has secured $45m successful its Series B backing round.

The fundraise was jointly led by Lightspeed Venture Partners and QED Investors.

Other participants included Illuminate Financial and erstwhile backers specified arsenic Motive Partners, Expanse Venture Partners, Entrée Capital, and 14Peaks Capital.

With this caller funding, the company’s full raised superior present stands astatine $65m.

Zocks antecedently secured $13.8m successful Series A backing successful March 2025.

The caller superior volition beryllium allocated towards broadening the company’s agentic AI features, moving beyond regular administrative enactment to assistance advisors successful identifying fiscal readying opportunities crossed their lawsuit base.

The level is designed to urge adjacent steps to advisors based connected contextual accusation gathered from aggregate sources.

Further concern volition besides beryllium directed astatine enhancing integration with different endeavor systems, arsenic good arsenic strengthening information and compliance measures.

At present, Zocks’ bundle is utilized to trim the clip advisors walk connected administrative processes by converting discussions with clients into structured data.

The level links with lawsuit narration absorption systems, fiscal readying software, taxation tools, and portfolio absorption platforms to automate tasks including onboarding, relationship setup, gathering mentation and follow-ups, and papers handling.

Functions see the quality for advisors to hunt for clients who whitethorn not person definite fiscal plans oregon who are nearing important milestones.

The strategy tin suggest imaginable actions based connected past exchanges and disposable data.

The level is presently deployed by much than 5,000 fiscal advisory firms, with Ameritas, Carson Group, Kestra Financial, and Osaic among the users.

Zocks co-founder and CEO Mark Gilbert said: "This past twelvemonth has shown conscionable however accelerated AI is advancing and, with it, however rapidly lawsuit expectations are changing. Clients privation highly personalised work wherever advisors are anticipating their needs.

“Zocks is some a strategy of enactment for advisors, and present besides a strategy of penetration for advisors and firms. We’re aggregating information and quality to place revenue-producing activities, and to usher advisors to beryllium much personalised and proactive crossed their full book.”

"AI advisory steadfast Zocks lands $45m Series B investment" was primitively created and published by Private Banker International, a GlobalData owned brand.

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