Rogo, the AI startup building tools for investment banks and asset managers, has tripled its annual recurring revenue to more than $50 million. Founded by Gabriel Stengel, a former Lazard banker, the company now clearly leads its rival Hebbia, which reported an ARR of $13 million as of mid-2024. Rogo counts more than 25,000 daily users across 150 to 250 institutions. In April 2026, the company closed a $160 million Series D round valuing it at approximately $2 billion, nearly triple Hebbia’s last known valuation.
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