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MDOTM Raises $27M to Expand US Operations

MDOTM raised $27M Growth Equity led by Expedition Growth Capital to expand US operations for AI investment technology.

By Raina Gimmel

Tommaso Migliore, CEO and Co-Founder of MDOTM.

The big picture: MDOTM Ltd., a London-based provider of artificial intelligence investment technology, has expanded its New York operations and appointed Paul Rojek as Head of Partnerships, strengthening its presence in the U.S. asset and wealth management market. This expansion follows MDOTM’s $27 million growth equity financing led by Expedition Growth Capital, announced in June 2026, which is supporting the company’s U.S. growth.

Why it matters:

  • Growing Demand: U.S. wealth management firms are significantly increasing their investment in artificial intelligence, with expected spending nearly doubling as a percentage of technology budgets by the end of 2026.
  • Strategic Presence: MDOTM’s larger New York office enables closer collaboration with institutional clients, including asset managers, wealth management firms, banks, and insurance companies seeking to integrate AI into investment operations.
  • Partnership Focus: The appointment of Paul Rojek as Head of Partnerships aims to develop strategic alliances with turnkey asset management platforms (TAMPs), broker-dealer networks, and trading platforms to expand distribution channels for MDOTM’s AI-powered investment platform, Sphere.

How it works:

  • AI-Powered Platform: MDOTM’s Sphere platform combines AI-generated investment insights, portfolio construction and rebalancing tools, and automated client reporting within a single, integrated system.
  • Comprehensive Capabilities: Sphere offers market and macroeconomic analysis, portfolio customization, and generative AI tools for preparing investment commentary and client communications.
  • Hybrid Integration: The platform is designed to help investment professionals integrate AI-generated analysis with their own market views and client requirements, automating processes while maintaining professional oversight.

The catch: The U.S. wealth management AI market is becoming increasingly competitive, with established financial technology providers and emerging startups vying for institutional clients. MDOTM will need to effectively differentiate its Sphere platform and demonstrate clear return on investment to secure significant market share amidst rapid technological adoption and evolving regulatory landscapes.

Key Facts

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