Streetbeat: The AI Wealth Platform That Just Landed Investment from 3Lines' Orbit Fund!

Streetbeat: The AI Wealth Platform That Just Landed Investment from 3Lines’ Orbit Fund!

Streetbeat, a leading AI-driven wealth management platform, has recently secured a significant investment from 3Lines Venture Capital’s Orbit Fund. This funding marks an important milestone for the company, which aims to revolutionize automated investment solutions for retail investors, wealth managers, and brokers.

Investment Details

Based in Palo Alto, California, Streetbeat has garnered attention for its innovative approach to wealth management. The investment from 3Lines Venture Capital, a Denver-based firm specializing in early-stage investments in AI-powered companies, Web3.0, and the future of work, underscores the growing interest in AI applications within the financial sector. While the exact amount of the investment remains undisclosed, the implications are significant.

Features of the Streetbeat Platform

Streetbeat’s platform utilizes advanced AI technologies, notably through its Wealth Copilot and AI Agents. These features offer:

  • Real-time market insights
  • Portfolio rebalancing
  • Compliance support for financial professionals

The platform has achieved notable success in the B2C market, with over 80% of individual investors reporting profitability and trading volumes increasing by more than 20%.

Statements from Leadership

Krishna Kunapuli, CEO of 3Lines Venture Capital, expressed enthusiasm about the partnership, stating, “3Lines is pleased to partner with and invest in Streetbeat, an industry-leading AI-powered wealth management platform, which is regulated by the SEC and has the potential to unlock $300 billion in total addressable market (TAM).”

Meanwhile, Streetbeat CEO Damian Scavo highlighted the platform’s efficiency and financial advantages, stating, “The Streetbeat platform offers significant ROI to Financial Advisors and Wealth Managers through compliance reviews, portfolio management, and customer relationship activities. It enables financial workflows to be executed 500 times faster and more efficiently than before, potentially doubling revenue.”

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Conclusion

As Streetbeat continues to expand its influence in the wealth management arena, the support from 3Lines Venture Capital may pave the way for further innovations in AI-driven financial solutions. For more information about AI in wealth management, you can visit Investopedia.

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