AI financial software startup Model ML seeks over $100 million in funding, with a valuation exceeding $1 billion.

According to Bloomberg, startup Model ML, which provides AI software services to investment banks and other financial institutions, is negotiating to raise over $100 million at a valuation exceeding $1 billion. The funding round has not yet closed, and specific details remain subject to change. Sources familiar with the matter indicated that the fundraising amount could increase to $150 million depending on investor interest.