Rogo Technologies, a company specialising in artificial intelligence (AI) solutions for investment banks, has acquired Index Ventures-backed Subset for an undisclosed price.
Subset is an AI-driven spreadsheet firm. Its acquisition is intended to enhance Rogo’s efforts to streamline investment banking processes through the integration of advanced AI-powered spreadsheet functionalities.
The company has developed an AI system capable of creating comprehensive financial models with AI assistance. It was founded by Jason Chan and AJ Nandi.
Before establishing Subset, Chan had experience in investment banking and private equity, while Nandi studied computer science and worked in venture capital. Their expertise will now contribute to Rogo’s goal of embedding AI within the workflows of bankers and investors.
Chan and Nandi said: “We started Subset to make spreadsheet work exponentially more powerful for finance.
“With Rogo’s model, dataset, and workflow suite, we can deliver that vision at real scale: bringing an AI‑native spreadsheet experience to the world’s top dealmakers and investors.”
Through this acquisition, Subset’s technology will be incorporated into Rogo’s existing workflow suite, providing a more cohesive platform that aligns with industry practices. Rogo aims to ensure its AI spreadsheets are precise and seamlessly integrated into financial processes, offering more than just isolated solutions.
Rogo co-founder and CEO Gabe Stengel said: “Spreadsheets are a cornerstone of the finance industry but established tools haven’t kept up with modern technology.
“With Subset, we’re pairing the right technology and founders with Rogo’s models and platform to make the daily work of bankers and investors dramatically faster and more reliable.”
Rogo with its AI platform caters to organisations like Lazard, Moelis, Nomura, and Tiger Global.
The platform facilitates automated financial workflows, market intelligence gathering, and data unification across a range of financial data sets including OpenAI, Google Gemini, and others.
Rogo’s operations are supported by investors such as Thrive Capital and J.P. Morgan Growth Equity Partners.
