Jump Raises $80M Series B for Advisor AI Platform
Jump, the popular AI-driven notetaking, meeting, and communications management platform provider, has raised $80 million in Series B funding led by Insight Partners to build an AI operating system for financial advisors.
The Salt Lake City-based company, which has scaled to 27,000 advisors in less than two years, will use the capital to accelerate growth and development of its intelligence and action layer for advisory firms.
The funding round includes participation from new investors F-Prime, Allianz Life Ventures, TIAA Ventures and Peterson Partners, along with existing investors Battery Ventures, Sorenson Capital, Pelion Venture Partners and Citi Ventures. This brings Jump’s total capital raised to $105 million following its $20 million Series A round in February 2025.
While Jump, to date, has been most known for its generative AI features that help advisory firms build out workflows for many of their common, but traditionally manual and labor-intensive tasks including meeting preparation, meeting notetaking, summarization and client communications outreach, the new funding will help the company build out what is commonly referred to as an AI operating system for advisory shops.
Asked to describe what an AI-native operating system entails, one with built-in comprehensive intelligence and an AI orchestration layer that is tailored for modern advisory firms, as described in the funding announcement, Parker Ence, Jump’s co-founder and CEO, said, “This is a place you can go to manage the AI and do so in a safe and compliant way.”
“We know AI has this incredible power to do a lot of things for us but we need a way to manage it, manage the sensitive data going into or out of it, and do so adhering to regulations, and this is a system that starts with getting the data organized—if it’s not the AI can’t do anything for you—and then let’s think about the kind of work you want it to do for you in a day,” Ence said, noting it will allow Jump to evolve into a comprehensive intelligence layer for advisory firms, focusing on operational efficiency, organic growth and client experience.
He reiterated that both the operating system itself and the process of building it start with organized data and integrations, and that rules governing the data and AI are then applied, providing the guardrails to prevent hallucinations and ensure data security.
Nearly 1 in 10 U.S. financial advisors now use Jump, and it continues to add more than 2,000 new advisors each month, Ence said.
Also, according to the company, and put another way, its technology has processed 183 continuous years’ worth of client meetings (when they are all added up) for firms managing an estimated $12 trillion in assets.
Jump as a company has grown dramatically in its first three years to almost 200 employees (from the three co-founders in February 2024, to 40 employees at the time of its Series A in February 2025).
“A little over half [of employees] are engineering and product folks with many different specializations, from mobile folks, to those customizing AI prompting, to infrastructure folks,” Ence said.
AI also helped expedite the development process, he added, with the company’s engineers using it to write and test Jump’s code.
“It is amazing how much more productive developers can be than even a few years ago,” he said.
These improvements in developer efficiency mean the company will be able to expand more quickly into all of an advisor’s processes that would benefit from automation or efficiency improvements, and build out a broader suite of agentic, insight-driven AI capabilities that can proactively identify opportunities, risks, and next-best actions for advisors.
“Our goal is to connect with every relevant system eventually,” Ence said, referring generally to an advisory firm’s tech stack and ecosystem of platforms and applications.
The Jump platform now serves a diverse base of firms, from independent advisors and enterprise RIAs, including Focus Financial Partners and Merit Financial Advisors, independent broker/dealers like LPL Financial and Osaic, and financial institutions such as Allianz Life and Manulife.
“We believe Jump is defining the category for AI in financial services,” said Crissy Behrens, managing director at Insight Partners, in the funding announcement.
With the new round of funding, Jump has overtaken another popular, AI-driven, enterprise-focused platform Zocks, which announced a $45 million Series B funding raise in January (which brings its total to $65 million).