Funding Fuels Platform Expansion And AI DevelopmentThe New York-based alternative investment platform CAIS raised $170 million in Series D financing that will support the enhancement of the firm’s technology platform and fuel expansion. The proceeds will be used to scale the CAIS platform, enhance its AI capabilities, pursue additional strategic growth opportunities, and continue building tools to simplify financial advisor access and allocation to alternatives. In total, CAIS’ platform powersmore than2,500 wealth management firms, amounting to more than 65,000 financial advisors. More News: Commonwealth Fusion Systems Raises $1 Billion To Advance Commercial Fusion PowerInvestors Back Long-Term Alternative Investment InfrastructureThe new funding reveals a large increase in institutional belief in alternative infrastructure over and above the assets. Also significant is that large global asset managers are still eager to support tech firms enabling the ever-growing private wealth industry.