OnCorps
OnCorps AI is a Boston-based company specializing in advanced artificial intelligence solutions for the financial services industry. Their AI algorithms automate labor-intensive operations such as reporting, back office, and middle office reconciliations, significantly reducing manual work, errors, and operational risk. The company offers a platform with 27 productionized algorithms including NLP, deep neural networks, and anomaly detection, supported by rigorous performance testing and continuous improvement. OnCorps AI serves major asset managers managing trillions in assets under management, delivering over 90% labor cost reductions and identifying millions in errors. Their business model includes all-inclusive machine learning and technical support, emphasizing rapid deployment and ongoing algorithm refinement. The company is backed by premier investors like Andreessen Horowitz and Guggenheim Partners and has received industry awards such as the 2019 Fintech Breakthrough Award and NICSA Nova award for innovation. Their team comprises experts from top universities and consultancies, and their platform is SOC1 and ISO 27001 certified, ensuring high security and compliance.
OnCorps
OnCorps AI is a Boston-based company specializing in advanced artificial intelligence solutions for the financial services industry. Their AI algorithms automate labor-intensive operations such as reporting, back office, and middle office reconciliations, significantly reducing manual work, errors, and operational risk. The company offers a platform with 27 productionized algorithms including NLP, deep neural networks, and anomaly detection, supported by rigorous performance testing and continuous improvement. OnCorps AI serves major asset managers managing trillions in assets under management, delivering over 90% labor cost reductions and identifying millions in errors. Their business model includes all-inclusive machine learning and technical support, emphasizing rapid deployment and ongoing algorithm refinement. The company is backed by premier investors like Andreessen Horowitz and Guggenheim Partners and has received industry awards such as the 2019 Fintech Breakthrough Award and NICSA Nova award for innovation. Their team comprises experts from top universities and consultancies, and their platform is SOC1 and ISO 27001 certified, ensuring high security and compliance.
TL;DR
Headquarters: Boston, MA
Domain: oncorps.ai
Focus: AI platform for financial operations (reconciliation, fund/NAV oversight, operational risk reduction)
Customers: Large asset managers and custodians (enterprise deployments covering trillions in AUM)
Security certifications: SOC1 and ISO 27001
Company Overview
Problem Domain
Operational automation and risk reduction in investment operations (reconciliation, back/middle-office processes, NAV oversight).
Founded
2011
Industry
Financial technology / Artificial intelligence for financial operations
Tech Stack
Funding Track Record
Most recently listed round on Crunchbase
Investor Signal
“Backed by institutional investors including Guggenheim Investments, Andreessen Horowitz, Long Ridge Equity Partners; named individual investors include Jay Hooley and Evan Cummins”