Y Combinator-Backed Model ML Raises Massive $75M To Kill Junior Banker Grunt Work Forever

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AI workflow automation platform Model ML announced on Nov. 24 that it raised $75 million in Series A financing to eliminate the formatting grunt work that haunts junior bankers. The funding comes just six months after its seed round and only 12 months after launch.

The company aims to replace manual document creation that keeps entire deal teams trapped in spreadsheets and slide decks. FT Partners led the financing round, with participation from Y Combinator, QED Investors, 13Books, Latitude, and LocalGlobe, according to Model ML.