At Banyan, my thesis is simple but rigorous: I back "AI-native" companies, those that don't just add AI to an existing workflow, but use it to rebuild entire industries from first principles.
Today, I am incredibly proud to announce my investment in Autonomous Technologies Group (ATG). Led by a team I have known and respected for years, ATG is doing exactly what Banyan was built to support: applying domain-specific AI reasoning to solve the multi-trillion dollar inefficiencies of the wealth management industry.
I’ve had the privilege of knowing Dillon Erb (CEO) for many years & have always been struck by his intellect and "product intuition." Along with his co-founder Daniel Kobran, they represent the caliber of "generational" founders.
Over a decade ago, Dylan and Daniel were pioneers with Paperspace, one of the first true NeoCloud platforms for on-demand GPU compute. After scaling it to over $300M in revenue and a successful nine-figure acquisition by DigitalOcean, they experienced the friction of wealth management firsthand. They found an industry still running on 30-year-old infrastructure and predatory fee models.
Instead of just building another hedge fund, they decided to build the "OpenAI for Finance."
"Investing in ATG wasn't just about a massive market opportunity; it was about the founders. I’ve worked with Dillon across multiple startups over the years and have seen his product intuition and executional rigor firsthand. After scaling Paperspace to a nine-figure exit, Dillon and Daniel are now applying that same 'infrastructure-first' mindset to dismantle the outdated, high-fee world of wealth management. At Banyan, we believe they are the rare team capable of building a generational company that replaces 30-year-old legacy systems with a singular, superintelligent reasoning platform."— Sam Awrabi, General Partner, Banyan AI Fund
"The financial advisory industry is one of the last holdouts where human intermediaries extract massive value without creating it.
Dillon and Daniel predicted the meteoric rise of GPUs in 2015 with Paperspace. They understand where Al capabilities are heading. This is the right team at the right inflection point."
- Garry Tan, CEO of Y Combinator.
Traditional firms like Edward Jones or Raymond James rely on 50,000+ employees to manage wealth. ATG replaces this human-heavy overhead with a singular frontier reasoning system.
The market response has been explosive.
This vision is backed by some of the most sophisticated names in the world:
ATG is not just a fintech company; it is an applied AI research lab tackling the high-stakes complexity of finance. With a world-class team, a massive target market, and the support of industry titans, ATG is well on its way to becoming a category-defining institution.
Welcome to the Banyan family, ATG.
Disclaimer: All investments involve significant risk. This post is for informational purposes only and does not constitute a formal offer to sell securities.
