Grunt Work No-More? Wokelo.AI Streamlines Due Diligence, Cut Costs, Automates 40% Of Tasks


Introducing Wokelo AI: Revolutionizing Investment Banking and Private Equity

When starting out in the world of investment banking or private equity, young professionals often find themselves bogged down with tedious tasks. Research, modeling, and slide formatting can consume a significant amount of time and energy, leaving little room for higher-level problem-solving and critical thinking. However, a new platform called Wokelo AI aims to change that.

Established in 2022 with $1.5 million in pre-seed funding, Wokelo AI is a generative artificial intelligence (AI) platform that operates on the back of OpenAI’s GPT and Large Language Model Meta AI (LLaMA). This innovative tool empowers professionals in the finance industry to achieve human-like synthesis more cost-effectively and rapidly.

Backed by prominent investors such as Untapped Capital, SeaChange Fund, Pack Ventures, Array Ventures, and Upsparks Capital, Wokelo AI has already made waves in the industry. Co-founder and CEO Siddhant Masson stumbled upon OpenAI’s GPT and experimented with it on consulting projects, automating up to 40% of laborious tasks. This led to the development of Wokelo AI, which aims to reduce workload from weeks to days for analysts and associates.

Wokelo AI caters to investment analysts, associates, and consultants, who are considered “power users” of the platform. By automating repetitive tasks, Wokelo AI allows professionals to focus their time and energy on problem-solving and strategy. The platform can be utilized for various use cases, including valuation and portfolio monitoring, equity and hedge fund research, competitive intelligence, and investment memo and thesis making.

The platform offers a wealth of information and sources to support analysts’ work. Users can create lengthy reports and memos on public or private companies, with data sourced from external references, Google Drive, and premium sources like FactSet. This comprehensive approach ensures that professionals have access to accurate and reliable information when making investment decisions.

While Wokelo AI is still new and potentially complex for some, it has already garnered interest from notable companies such as Deloitte, Guggenheim, Alexis Ohanian’s Seven Seven Six, and Tata Group, a conglomerate that owns businesses like Air India. To ensure a smooth onboarding process, Wokelo AI is currently available to a select group of “marquee banks and private equity firms.”

Investors in Wokelo AI, such as Yohei Nakajima from Untapped Capital, have praised the platform for its ability to enhance due diligence and expedite investment decision-making. With a team of about 10, Wokelo AI is rapidly expanding and aims to grow to over 30 members in the near future.

The potential impact of Wokelo AI on the professional services segment in the U.S. is significant. With the target to embed into large enterprises and the mid-market, the platform aims to streamline and automate a wide range of activities in the finance industry.

In conclusion, Wokelo AI is revolutionizing the investment banking and private equity landscape by providing professionals with a powerful tool to automate tedious tasks and focus on higher-level problem-solving. With its impressive capabilities, the platform has attracted the attention of prominent investors and industry leaders. As Wokelo AI continues to evolve and expand, it has the potential to transform the way finance professionals operate and make investment decisions.

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