According to CoinMeta, Nevis has completed a $70 million Series B financing round, led by EQT Ventures, with participation from Credit Suisse Financial Services, Sequoia Capital, Iconiq, and others. The company, which was established just two years ago, has raised a total of $110 million and is valued at approximately $500 million. Nevis was founded by three former Revolut executives and is dedicated to assisting financial advisors with their daily tasks. Its AI has completed over 100,000 backend tasks, allowing some advisors to save up to 10 hours per week. Financial institutions using its platform manage over $700 billion in client assets, and its revenue has grown by more than 25 times. Credit Suisse Financial Services serves over 17,000 independent financial advisory firms and claims to be preventing unauthorized AI and agent from accessing client accounts and transferring funds.