Exclusive: AI financial platform Rowspace raises $50 million led by Sequoia to help investment firms take on messy data

After meeting in graduate school at MIT, Michael Manapat and Yibo Ling embarked on different career paths. Manapat held chief technical roles at Stripe and Notion, while Ling led finance teams at Uber and Binance. Still, they both confronted a similar challenge: How to assemble fragmented data to make important decisions about capital allocation, workflows and more.

When OpenAI released ChatGPT in November 2022, Ling tested to see how well it could carry out basic due diligence tasks.