Model ML raises $75M Series A to transform financial services with AI workflow automation

Model ML, a New York–based AI workflow automation platform for financial services, announced a $75 million Series A financing led by FT Partners, with participation from Y Combinator, QED, 13Books, Latitude and LocalGlobe. The raise comes six months after the company’s seed round and one year after launch. Model ML says it will use the capital to scale its AI‑driven automation suite across due diligence, underwriting, compliance and operations for banks and fintechs, aiming to reduce manual work, improve accuracy and accelerate time‑to‑decision. The company plans to expand hiring across engineering and go‑to‑market, deepen integrations, and accelerate product development to meet demand from global financial institutions.