According to people familiar with the matter, Sequoia Capital is betting on the future of Wall Street and is leading a $750 million investment in startup Rogo Technologies Inc., a company that develops artificial intelligence tools to improve bankers' efficiency. The New York-based company develops software to help investment bankers complete certain tasks, with the ultimate goal of creating artificial intelligence equivalent to bank analysts. The new deal more than doubled Rogo's valuation from earlier this year, when Thrive Capital led a $50 million Series B round of funding for the company. People familiar with the matter said that as part of the new deal, the startup may raise between $50 million and $100 million, but the deal is yet to be completed. Since the information has not been made public, people familiar with the matter declined to be named.

According to people familiar with the matter, Sequoia Capital is betting on the future of Wall Street and is leading a $750 million investment in startup Rogo Technologies Inc., a company that develops artificial intelligence tools to improve bankers' efficiency. The New York-based company develops software to help investment bankers complete certain tasks, with the ultimate goal of creating artificial intelligence equivalent to bank analysts. The new deal more than doubled Rogo's valuation from earlier this year, when Thrive Capital led a $50 million Series B round of funding for the company. People familiar with the matter said that as part of the new deal, the startup may raise between $50 million and $100 million, but the deal is yet to be completed. Since the information has not been made public, people familiar with the matter declined to be named.