Robinhood Acquires Pluto, AI Investment Research Platform

Robinhood Markets, Inc. is excited to announce the acquisition of Pluto Capital Inc., an artificial intelligence (AI) powered investment research platform that delivers highly-customized investment strategies based on customer needs and financial goals. With this strategic acquisition, investors can look forward to a new era of intelligent, data-driven investing at Robinhood.

Pluto Founder and CEO, Jacob Sansbury, has joined the Robinhood team to accelerate our product roadmap and help integrate AI-powered capabilities across the Robinhood platform. With Pluto, investors have had unique access to:

• Enhanced Data Analysis: Pluto's advanced data analytics capabilities can process and interpret market data more efficiently by providing state of the art large language models (LLMs) with access to real-time personal and global financial data. This means quicker identification of trends and opportunities, providing investors with a competitive edge.

• Personalized Investment Strategies: Pluto's algorithms tailor investment strategies to individual customer profiles. By analyzing factors such as risk tolerance, investment goals, and historical behavior, the platform offers highly customized recommendations.

• Real-Time Insights and Portfolio Optimization: Investors receive real-time updates and insights, enabling informed decisions swiftly and confidently. With AI-driven analysis, customer portfolios can be continually optimized for better outcomes, balancing growth and risk according to individual preferences.

"We are thrilled to welcome Pluto and Jacob Sansbury to Robinhood" said Mayank Agarwal, VP of Engineering. "They have built an impressive platform that is highly regarded in the financial services industry. Importantly, their expertise in artificial intelligence coupled with a mission-aligned passion to democratize finance will complement our team's effort to bring AI powered tools to our customers."

"Robinhood is the ideal destination to build products that democratize access to financial services like wealth management and financial planning through state of the art AI. I look forward to innovating at the company which has inspired me and so many others," said Jacob Sansbury, CEO of Pluto.

ABOUT JACOB SANSBURY

Jacob is the founder and CEO of Pluto. Prior to founding Pluto, Jacob led publisher and game developer SDK tools at NVIDIA's GeForce Now cloud gaming service. Jacob was the youngest engineer ever hired at Bridgewater where he focused on quantitative finance and systematic investing.

ABOUT PLUTO

Pluto is a revolutionary investing copilot designed to empower smart retail investors. By leveraging the power of artificial intelligence, Pluto provides you with a wealth of real-time data, including news articles, stock prices, company report cards, company financials, SEC filings and much more at your fingertips.

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