Robinhood has acquired AI-powered investment research platform Pluto Capital for an undisclosed amount.
According to a July 1 statement, the purchase would allow Robinhood users to access several features, including enhanced data analysis, personalized investment strategies, real-time insights, and portfolio management.
Under the deal, Pluto Founder and CEO Jacob Sansbury will join Robinhood to accelerate its integration of AI-powered capabilities. Sansbury is the youngest engineer ever hired at Bridgewater and led game developer SDK tools at NVIDIA’s GeForce Now cloud gaming service.
Mayank Agarwal, VP of Engineering, said:
“[Pluto] has built an impressive platform that is highly regarded in the financial services industry. Importantly, their expertise in artificial intelligence coupled with a mission-aligned passion to democratize finance will complement our team’s effort to bring AI powered tools to our customers.”
Notably, this acquisition comes amid Robinhood’s internati
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