FutureVault Secures an Additional US $3 Million in Equity Capital
New Funding Fuels Further Investment in AI-Powered Digital Vault Innovation and in Transforming the Enterprise/Advisor/Client Relationship
FutureVault, the leading provider of AI-powered Digital Vaults and pioneer of the Client Life Management Vault
for financial institutions has successfully raised US $3 million of equity capital bringing the total raised since inception to US $31 million.
Founder & Executive Chairman G Scott Paterson and CEO Daniel Kenny both participated in the financing along with several existing shareholders and selected new investors. This latest investment underscores the excitement behind FutureVault’s mission to transform document and data intelligence for financial services.
Key Highlights of the use of the new Capital:
- Strengthening FutureVault’s position as the pioneer of Client Life Management Vault solutions.
- Accelerating the development of new product functionality to further transform the Enterprise/Advisor/Client relationship.
- Further innovating the use of AI and Large Language Models (LLMs) in the Company’s digital vault platform.
- Driving further advancements in workflow automation to deliver a increasingly powerful ROI for our current and prospective customers and partners.
“We are grateful for the confidence our existing and new shareholders have in our enormous business opportunity,” commented Daniel Kenny, CEO of FutureVault.
G. Scott Paterson, Founder and Executive Chairman, conceptualized FutureVault and is the world’s leading champion of the digital vault construct becoming the centerpiece of all financial services’ tech stacks in due course. Paterson noted: “The aggregation of critical documents into a digital vault, when coupled with AI, is changing the face of financial services, advice delivery, and client engagement.”
FutureVault’s digital vault platform provides a material value proposition for a wide range of stakeholders and constituents, including advisors and their clients as well as management, operations and compliance executives enabling standalone value as well as enterprise-wide value as a result of greater internal connectivity, client centric data and document intelligence and workflow efficiencies.
Paterson further added, “Data has been recognized for two decades as the new “gold” while documentation has been overlooked and considered simply as something that you store, redundantly and safely, until purged in due course. And yet, the reality is that data embedded within documentation is considerably more valuable when compared to stand alone data simply due to the context it provides.”
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