Gabriel Stengel and John Willett create $2 billion AI tool to automate dealmaking
Updated
Updated · Bloomberg · Apr 29
Gabriel Stengel and John Willett create $2 billion AI tool to automate dealmaking
8 articles · Updated · Bloomberg · Apr 29
The AI tool, developed in a Manhattan apartment since late 2021, was built by former Lazard and JPMorgan bankers Stengel and Willett, both Princeton computer science graduates.
Their platform aims to eliminate repetitive tasks for junior bankers, such as spreadsheet work and slide deck preparation, streamlining the dealmaking process.
The tool’s rapid rise to a $2 billion valuation highlights growing demand for automation in investment banking and signals a shift in how financial institutions approach workflow efficiency.
How did two bankers turn finance 'grunt work' into a $2 billion AI company from a tiny Manhattan apartment?
As AI automates 50% of banking tasks, are junior analyst roles on Wall Street facing extinction?
Can nimble AI startups like Rogo out-innovate the massive tech budgets of giants like JPMorgan?
With only 18% of people trusting AI, how can a finance bot avoid catastrophic errors in dealmaking?
Is a $2 billion valuation justified for an AI firm with just over $15 million in 2025 revenue?
As Rogo expands to London, can its AI conquer the unique complexities of European financial markets?