Robinhood Markets announces acquisition of AI investment firm Pluto Capital

Robinhood Markets has officially acquired Pluto Capital Inc., an innovative artificial intelligence (AI) powered investment research platform known for delivering highly-customized investment strategies tailored to customer needs and financial goals. This acquisition is set to usher in a new era of intelligent, data-driven investing for Robinhood’s users.

Pluto Capital Inc., under the leadership of Founder and CEO Jacob Sansbury, has been at the forefront of enhancing data analysis and personalized investment strategies through its advanced data analytics and large language models (LLMs). These capabilities allow for the efficient processing and interpretation of both personal and global financial data, facilitating quick identification of market trends and opportunities. This strategic acquisition is expected to significantly bolster Robinhood’s offerings by integrating these advanced AI-powered tools across its platform.

Jacob Sansbury has joined the Robinhood team to accelerate the integration of Pluto’s technologies and further develop the product roadmap. “We are thrilled to welcome Pluto and Jacob Sansbury to Robinhood,” said Mayank Agarwal, VP of Engineering at Robinhood. “They have built an impressive platform that is highly regarded in the financial services industry. Importantly, their expertise in artificial intelligence, coupled with a mission-aligned passion to democratize finance, will complement our team’s effort to bring AI-powered tools to our customers.”

The unique features that Pluto brings to the table include:

– Enhanced Data Analysis: State-of-the-art analytics for more efficient market data processing.

– Personalized Investment Strategies: Tailored strategies based on individual risk tolerance, investment goals, and historical behavior.

– Real-Time Insights and Portfolio Optimization: Continual optimization of customer portfolios, balancing growth and risk according to individual preferences.

Jacob Sansbury expressed his enthusiasm about the merger, stating, “Robinhood is the ideal destination to build products that democratize access to financial services like wealth management and financial planning through state-of-the-art AI. I look forward to innovating at the company which has inspired me and so many others.”