MDOTM Expands to New York to Solve AI Infrastructure Gaps in US Wealth Management

MDOTM Ltd is expanding its New York presence to capture growing demand for AI-driven investment tools among U.S. institutional clients. This move signals a shift from experimental AI use to deep infrastructure integration within wealth management, as firms look to scale personalized portfolio construction and automated reporting amid rising technology budgets.

What was announced

MDOTM, a provider of AI-driven investment solutions, has officially expanded its New York office following a $27 million growth equity investment led by Expedition Growth Capital. The expansion is designed to strengthen the company’s footprint in the U.S. market, facilitating direct collaboration with asset and wealth management firms. Central to this push is Sphere, MDOTM’s proprietary AI platform. Sphere integrates investment insights, portfolio rebalancing, and automated reporting into a single workflow, allowing investment teams to translate market intelligence, specific investment views, and individual client preferences into scalable, personalized portfolios and client-ready communications.

The company also announced the appointment of Paul Rojek as Head of Partnerships. Rojek will lead efforts to build strategic alliances with Turnkey Asset Management Platforms (TAMPs), broker-dealer groups, and trading platforms. This initiative aims to broaden the distribution of custom investment models through the Sphere ecosystem. The expansion comes at a time when U.S. wealth management firms are significantly increasing their AI spend; industry data suggests AI's share of technology budgets is expected to nearly double by the end of the year. MDOTM’s physical expansion in New York provides the necessary proximity to support institutions currently lacking the infrastructure to deliver AI-native investment solutions at scale. By establishing a local presence, the firm aims to accelerate support for institutions looking to integrate AI directly into their existing investment workflows.

"The U.S. is a critical market for MDOTM, and we are seeing strong demand from institutions looking for trusted partners to help them put AI to work across the investment lifecycle. The question is no longer whether AI belongs in the investment process. It is which processes firms are willing to hand to an agent, and which stay with the investment team. That is the most pivotal conversation our clients are having right now, and we have spent the last decade building the expertise to solve this with them."

Tommaso Migliore, CEO and co-founder of MDOTM.

The companies involved

MDOTM Ltd is a global fintech firm specializing in AI-driven investment strategies for institutional investors. The company focuses on providing the technical infrastructure required for asset managers to incorporate machine learning into their decision-making processes. By automating the more labor-intensive aspects of portfolio management, MDOTM positions itself as a bridge between traditional investment expertise and modern computational power. The firm has spent the last decade developing its proprietary technology to help wealth managers handle the complexities of personalized portfolio construction at scale.

Expedition Growth Capital, which led MDOTM’s recent funding round, is a London-based private equity firm that focuses on European software companies entering their growth phase. The firm typically partners with founder-led businesses that have demonstrated significant capital efficiency and a clear path to international expansion. Expedition’s involvement highlights the increasing flow of European fintech expertise into the North American market. Together, these companies represent a growing segment of the market dedicated to "AI-native" financial services, where machine learning is not an add-on but the core engine of the value proposition. MDOTM’s expansion into New York places it at the heart of the world’s largest wealth management market, competing directly with established legacy providers and emerging domestic AI startups.

What FF News has reported before

FF News has closely followed the growth of AI-driven investment platforms and the investment activity of Expedition Growth Capital. In July 2026, we reported on the initial funding that fueled this expansion in MDOTM Secures $27M Growth Equity to Scale AI Investment Platform for Global Wealth Managers. This round was pivotal in providing the capital necessary to scale the Sphere platform globally. Additionally, Expedition Growth Capital has been active elsewhere in the AI-native data space. We covered their involvement in the ETF sector when ETFBOOK Secures $13M to Scale AI-Native ETF Data Intelligence Across US and APAC Markets, demonstrating a clear pattern of investment in firms that leverage artificial intelligence to modernize traditional asset management workflows.

What this means

The expansion of MDOTM into New York underscores a maturing AI market where "software-as-a-service" is being challenged by "intelligence-as-a-service." For the U.S. wealth management sector, the pressure is mounting to move beyond basic automation toward sophisticated, agent-based AI that can handle complex portfolio rebalancing. This move puts traditional TAMPs and legacy software providers under significant pressure to upgrade their stacks or risk losing market share to AI-native entrants. The industry is moving toward a bifurcated model: firms that successfully integrate AI agents into their investment lifecycle and those that remain tethered to manual, unscalable processes. The primary challenge remains the "trust gap" in handing over fiduciary decisions to autonomous systems.