Rogo has acquired Offset, an AI agent company backed by HF0, as the finance software provider seeks to broaden its product offerings for investment banking and buy-side markets. Founded by Raj Khare and Shiv Shrivastava, Offset has dedicated the past 18 months to developing learning agents that enhance financial workflows utilized in investment banking, private equity, hedge funds, and corporate finance.
Rogo intends to integrate Offset’s technology into its platform, which is currently employed daily by over 25,000 finance professionals. This acquisition introduces tools designed to monitor how financial models are constructed and maintained over time. Offset’s focus has been on creating agentic systems that retain a memory of model structure, updates, and recurring patterns as work progresses.
In an industry heavily reliant on spreadsheets and presentations for modeling, investment analysis, and reporting, maintaining large, complex models typically necessitates frequent manual updates to assumptions, formulas, and outputs. This labor-intensive process can introduce errors and prolong the deal execution and portfolio monitoring phases. Offset’s agents are designed to operate within existing workflows, interpreting a model’s structure and logic to reflect changes as work evolves.
Agent-based systems are increasingly central to enterprise software as providers move beyond simple chat interfaces and document searches. In finance, the emphasis often lies on software capable of monitoring and updating artifacts such as models, investment memos, and market comparables as new data surfaces or assumptions change. Offset’s approach highlights a focus on learning over time, aiming to develop a persistent understanding of how organizations construct models and how analysts adhere to established layouts, checks, and presentation outputs.
Rogo, which sells AI software to investment banks, private equity firms, and hedge funds, counts Lazard, Moelis, Nomura, and Tiger Global among its clients. The company collaborates with several data and model providers, including OpenAI, Google Gemini, Anthropic, LSEG, S&P Global, FactSet, and PitchBook.
The acquisition aims to merge Offset’s agentic architecture with Rogo’s existing platform and data integrations. The company has stated that its extensive distribution network across financial institutions will facilitate the scaling of the acquired technology. This deal follows Rogo’s recent USD $75 million Series C funding round led by Sequoia, with support from Thrive Capital, Khosla Ventures, J.P. Morgan Growth Equity Partners, and Tiger Global.
Financial terms of the acquisition were not disclosed, nor did Rogo provide information on staffing changes, rollout timelines, or whether Offset’s products will be available separately. For Rogo, this acquisition represents a strategic move to deepen the integration of software into the everyday tools utilized by analysts and investors. The company has articulated its strategy as one of building AI models and agents that automate workflows, surface market intelligence, and unify financial data with auditable sourcing.
Gabe Stengel, Rogo’s Chief Executive Officer and Co-founder, commented on the acquisition, stating, “Raj, Shiv, and their team bring invaluable technical depth in agentic systems. The foundation of Offset reflects the same belief we have at Rogo. The future of financial workflows will be powered by intelligent systems embedded directly in the tools professionals use every day. We are excited to build together as we continue expanding our platform.”
Khare and Shrivastava have extensive backgrounds in applied AI and product development. At Offset, they concentrated on creating systems that retain an understanding of how models are built, updated, and maintained over the course of projects. The integration of Offset’s technology into Rogo’s platform is expected to advance the development of learning agents operating directly within financial workflows, further enhancing operational efficiency in the finance sector.
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