Caruso raises $9.3m Series A, assets under admin surge to $80bn

Caruso, an AI-native fund administration platform, closed a $9.3 million Series A funding round at an $80 million post-money valuation, led by Icehouse Ventures and GD1 with participation from Balmain. The company has grown rapidly, with assets under administration increasing 10x to $80 billion and revenue up 400% in the last year.