Autonomous Technologies Group Raises $15M in Pre-Seed Round to Build AI-Powered Wealth Management Platform
US-based Autonomous Technologies Group (ATG) has successfully raised $15 million in a pre-seed funding round to develop its AI-powered financial application, Autonomous, according to Business Insider.
The Autonomous app is positioned as an intelligent wealth manager powered by artificial intelligence, designed to deliver advanced financial management strategies inspired by family offices serving ultra-wealthy individuals.
The funding round was led by Garry Tan, CEO of Y Combinator, with participation from prominent investment firms including BoxGroup and Collaborative Fund.
ATG plans to deploy the new capital to expand its engineering team and deepen its AI research efforts, with the goal of building a comprehensive financial platform capable of managing a wide range of user assets—from retirement accounts and cryptocurrencies to public equities and startup investments.
The company was founded by Dillon Erb and Daniel Kobran, seasoned entrepreneurs and Y Combinator alumni, who previously co-founded Paperspace, acquired by DigitalOcean in 2023 for $111 million.
Through its new app, ATG aims to bridge the gap between traditional financial services, which often provide generic advice or charge high fees, and the highly personalized wealth management strategies typically reserved for affluent families.
The Autonomous app enables users to implement advanced strategies such as tax optimization through selective stock management, automatic portfolio rebalancing to reduce risk, and holistic financial guidance covering areas like real estate investments and job offer evaluations.
Scheduled to launch this quarter, the app will be free for early users, leveraging real-time market data and personalized user context to deliver actionable financial insights directly applicable to existing accounts.
Additionally, ATG offers Autonomous Index, a service that allows manually approved trading and customized portfolio construction, helping users achieve greater tax efficiency.
