Brightwave
Category: AI in Fintech
AI-powered financial research platform that generates insightful analysis and synthesizes information for investment professionals. Brightwave was founded in 2024. The company is led by Mike Conover. Based in New York, NY and Boulder, CO. Team size: 6. Total funding raised: $21 million. Latest round: Series B. Key investors include Decibel Partners, Point72 Ventures, Moonfire Ventures, OMERS Ventures, Angel investors (including executives from OpenAI, Databricks, Uber, LinkedIn).
- Founded
- 2024
- Headquarters
- New York, NY and Boulder, CO
- Team size
- 6
- Total funding
- $21 million
Value proposition
Accelerates financial research workflows, enhances investment theses through deep analysis of extensive, complex data, and delivers actionable insights swiftly.
Products and solutions
AI financial research assistant/platform, Interactive, 'living document' research reports, Proprietary knowledge graph for financial data synthesis, Analysis of filings, transcripts, news, and market data
Unique value
Utilizes a proprietary knowledge graph integrated with large language models for deeper financial reasoning and insight synthesis, generating interactive reports that go beyond simple summarization.
Target customer
Asset managers, hedge funds, Registered Investment Advisors (RIAs), financial institutions, investment professionals, boutique consultancies.
Industries served
Financial Services, Asset Management, Investment Research, Wealth Management
Technology advantage
Leverages advanced knowledge graph technology and rapid data analysis, enabling sophisticated financial research and demonstrating rapid early revenue growth and client adoption.
How they differentiate
Differentiates through deep synthesis and reasoning via its proprietary knowledge graph and interactive reporting, offering more sophisticated insights than standard AI summarization tools.
Main competitors
AlphaSense, Sentieo
Key partnerships
Strategic data partnerships (specific partners to be announced)
Notable customers
Firms managing over $120B in AUM, including a mix of RIAs, hedge funds, and institutional asset managers (names undisclosed)
Major milestones
Founded in early 2024 Raised $6M Seed round (June 2024) Raised $15M Series A round (October 2024) Rapid customer acquisition within months of launch
Growth metrics
Reportedly quadrupled revenue between the Seed and Series A rounds, with rapid client base expansion observed in the first months post-launch.
Market positioning
Positioned as a cutting-edge AI solution for financial research, targeting users who demand reliable and in-depth AI-driven insights.
Geographic focus
Primarily the US initially, with potential for global expansion as the company scales.
Patents and IP
CEO holds patents in knowledge graphs from previous work; Brightwave is pursuing further intellectual property in financial data analysis.
About Mike Conover
Mike Conover is the Founder and CEO of Brightwave, an AI-powered financial research platform. He has over 15 years of experience in AI and machine learning. Before founding Brightwave, he was a Staff Software Engineer at Databricks, where he led the development of the open-source large language model, Dolly. He also held positions as Director of Financials Machine Learning at Workday and as an engineering lead at LinkedIn. He earned a Ph.D. in complexity science from Indiana University.
Official website: https://www.brightwave.io/