The Company: uses AI, machine learning and big-data analytics to manage institutional money. The company’s software has a focus on fixed-income and alternative credit assets. The fund will be used partly to move into new asset classes.
The company manages assets worth $2 billion in the US.
Founders: Founded in 2015 by CEO Gal Krubiner, CTO Avital Pardo, and CRO Yahav Yulzari, Pagaya has raised $221.9 million to date.
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Investors: The round led by the Singapore Sovereign Wealth Fund (GIC) with participants of Aflac Global Ventures, Poalim Capital Markets, Viola, Oak HC/FT, Harvey Golub, Clal Insurance Ltd., GF Investments, and Siam Commercial Bank.