Source: Tech.eu — 2026-08-11
Summary
HSBC Asset Management, investing through its flagship VC strategy, took an equity stake in Model ML for an undisclosed amount. Model ML is a London-and-New-York-based AI automation platform that routes financial-services tasks — research, due diligence, financial analysis, document creation — to whichever underlying AI model suits the job, rather than locking clients into one vendor. The company already counts Deloitte and PwC among its clients and has now raised more than $100 million in total funding.
Key Takeaways
- Model ML's core pitch is a model-agnostic architecture: it directs individual tasks to the AI model it judges best suited for that job, letting banks and asset managers benefit from advances across different AI providers without rebuilding their workflows each time a new model ships.
- The platform is purpose-built for financial-services workflows — research, due diligence, financial analysis, and document creation — for banks, asset managers, and advisory firms.
- Existing clients include Deloitte and PwC, giving Model ML traction among the professional-services firms that sit closest to bank and asset-manager back offices.
- HSBC Asset Management's investment, made through its flagship VC strategy, was undisclosed in size but pushed Model ML's cumulative funding past $100 million.
- Founded by brothers and repeat entrepreneurs Chaz and Arnie Englander, the company says the new capital will go toward winning more banking and asset-management clients.