Avantos, a NYC-based provider of an artificial intelligence (“AI”)-native operating system, has raised $25 million in a Series A funding round led by Bessemer Venture Partners.
The round also saw participation from new strategic investors, including The Guardian Life Insurance Company of America (“Guardian”), SEI, and Vanguard.
This funding comes after Novig’s $10 million seed round, which closed in September 2024 and was led by the MIT-affiliated E14 Fund, with participation from M13, Mercer Advisors, and Blue Collective.
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The company plans to use the funds to continue improving its platform, including adding more AI agents and strengthening integrations with custodians, CRMs, portfolio management tools, underwriting systems, and policy administration platforms.
Avantos is an AI-powered operating system designed to transform how financial institutions onboard and serve clients. It uses a knowledge graph to connect products, service teams, workflows, and client expectations in a single system. This shared context allows AI agents and human teams to work from the same understanding, letting AI manage relationships, coordinate tasks and execute work across systems with proper oversight. The result is a consistent, personalized, compliant, and scalable approach to onboarding and servicing that helps build stronger, longer-lasting client relationships.
Strategic investors support Avantos and work with clients across the wealth management industry, including asset managers, private banks, insurance companies, broker-dealers, independent RIAs, and custodians.
Avantos was founded by Bassam Chaptini and Rabih Ramadi, both with extensive experience in financial services. They saw that while many firms aim to grow and strengthen client relationships, the fragmented systems and tools they use today make it hard to execute that vision consistently across the client lifecycle.
“Client service in financial services is overwhelmed by scattered tools and administrative work. We believe AI can change this, and Avantos is the only true end-to-end platform for delivering client services across wealth, insurance, retirement, and banking,” said Eric Kaplan, Vice President at Bessemer Venture Partners. “Its AI agents can handle the complex, long-term tasks that define client management. Bassam and Rabih bring rare insight and understanding from building enterprise software for these institutions, and their approach is already proving successful through partnerships with industry leaders.”
“Avantos has changed how our teams provide a complete standard of financial care across investments, planning, estate, tax, and other services,” said Daniel Gourvitch, President of Mercer Advisors. “It keeps our teams connected and gives them instant, deep context on client relationships, helping us serve families even more effectively and honor our fiduciary promise.”
“Guardian’s investment in Avantos shows our confidence in the transformative power of this technology and our commitment to using AI to modernize our platforms and improve wealth management,” said Mike Perry, Head of Client Solutions, and Wealth Management at Guardian. “By making the client experience smoother and boosting advisor productivity, we can build stronger relationships that help clients achieve their financial goals.”
“Avantos will help us improve how we serve our clients by providing a more integrated, end-to-end advisor experience,” said Jeff Benfield, Chief Product Officer at SEI. “By using AI for onboarding, real-time client insights, and streamlined service tools across our asset management, operations, and technology solutions, we can create a smoother, more connected experience that better supports our clients’ long-term needs.”
About Avantos
Founded in 2024 by Bassam Chaptini and Rabih Ramadi, Avantos is an AI-powered operating system for financial services firms that helps organize and manage client data and services at scale. By replacing fragmented legacy systems with a single context aware platform, Avantos allows firms to provide consistent, high quality client experiences across wealth, protection and retirement services. It combines client information, team activity, and ongoing work into one intelligent system, enabling AI to move from isolated insights to real action.
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