Nevis Raises $70M to Expand AI Platform for Wealth Advisers

• Nevis, a New York-based AI firm for wealth management, raised $70M in Series B funding led by EQT Ventures.
• Charles Schwab and QuantumLight, founded by Revolut's Nik Storonsky, joined as new investors in the round.
• Nevis aims to alleviate the shortage of financial advisors by using AI to automate routine tasks.
• The company, launched in October 2024 by former Revolut executives, plans to use the funds to expand its platform.
• Existing investors also participated in the funding round, which was announced on Monday.