Robinhood Acquires Pluto

Robinhood Markets, acquired Pluto Capital Inc., a Los Angeles, CA-based provider of an AI-powered investment research platform.

The amount of the deal was not disclosed.

Led by Founder and CEO Jacob Sansbury, Pluto is an investing copilot designed to empower smart retail investors. By leveraging artificial intelligence, it provides real-time data, including news articles, stock prices, company report cards, company financials, and SEC filings.

With Pluto, investors have had access to:

  • Enhanced Data Analysis: Pluto’s advanced data analytics capabilities can process and interpret market data more efficiently by providing state of the art large language models (LLMs) with access to real-time personal and global financial data. This means quicker identification of trends and opportunities, providing investors with a competitive edge.
  • Personalized Investment Strategies: Pluto’s algorithms tailor investment strategies to individual customer profiles. By analyzing factors such as risk tolerance, investment goals, and historical behavior, the platform offers highly customized recommendations.
  • Real-Time Insights and Portfolio Optimization: Investors receive real-time updates and insights, enabling informed decisions. With AI-driven analysis, customer portfolios can be continually optimized for better outcomes, balancing growth and risk according to individual preferences.