Nevis, an artificial intelligence platform designed for the wealth management industry, has announced the closure of a $35 million Series A funding round led by Sequoia Capital, with additional participation from ICONIQ Capital and Ribbit Capital. The raise brings the company’s total funding to $40 million less than a year after its founding. Nevis is emerging from stealth mode to unveil its mission: to empower financial advisors with AI-driven tools that automate administrative workflows from start to finish. The company’s platform is built to streamline time-consuming tasks such as client onboarding, document processing, compliance checks, and reporting—functions that often consume a significant portion of an advisor’s day. By leveraging advanced AI, Nevis enables Registered Investment Advisors (RIAs) to operate more efficiently, reduce errors, and focus more on client relationships and strategic financial planning. Nevis is already being used by some of the fastest-growing wealth management firms in the United States, where speed, accuracy, and scalability are critical. The company’s technology is designed to integrate seamlessly into existing systems, allowing advisors to adopt AI capabilities without overhauling their current infrastructure. The investment from Sequoia Capital, ICONIQ, and Ribbit Capital underscores growing confidence in AI’s ability to transform financial services, particularly in the advisory space. These firms have a track record of backing early-stage companies with transformative technology and strong product-market fit. With the new capital, Nevis plans to expand its engineering and product teams, enhance its AI models, and broaden its customer base across the U.S. market. The company is also expected to deepen its focus on data security and regulatory compliance—key concerns in the financial services industry. As the wealth management sector faces increasing pressure to deliver personalized, efficient, and scalable services, Nevis aims to position itself as a foundational AI layer for the next generation of financial advisors.