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Tech News United States Sep 16, 2026

Ridgeline raises $250M Series E at $1.425B for AI-native investment platform

Ridgeline, founded by Workday and PeopleSoft founder Dave Duffield, raised a $250M Series E on Sept 16, 2026 at a $1.425 billion valuation, with participation from Motley Fool Ventures and Positive Sum. The AI-native platform for investment managers has $750B in committed assets and is expanding into Canada and Europe.

Why this matters for founders

Fintech and wealth-tech founders should note incumbents rebuilding back-office workflows as AI-native; a signal on where investment-management tooling is consolidating.

Source: FinTech Futures

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