Rogo ARR passes USD 50M, tripling year-over-year

Rogo, the finance-workflow AI startup founded by a former Lazard banker, has crossed USD 50M in annual recurring revenue, roughly triple its prior mark. The disclosure puts Rogo ahead of Hebbia, its closest peer in the race to sell AI copilots into banking and buy-side workflows.

The revenue print lands weeks after Rogo closed a USD 160M Series D in April 2026 at a valuation of about USD 2B. On USD 50M ARR, that implies a revenue multiple near 40x, roughly triple Hebbia's last known valuation on the same reported basis.

Rogo and Hebbia both sit in the workflow-automation slice of financial AI: tools sold to analysts, associates, and PMs to compress the grunt work of memo drafting, filings review, comp-set assembly, and question-and-answer over long-form corporate disclosure. Neither is an expert-network or transcription vendor; both compete with in-house AI builds at large banks and, increasingly, with horizontal players such as OpenAI's enterprise offering and Anthropic's Claude-for-Work.

The ARR gap between the two matters because it is the first public data point suggesting the market is picking a leader among the finance-native AI vendors, rather than distributing spend evenly across a crowded field. Multiple funds and banks that piloted both products through 2025 are now moving to production contracts, and the disclosed numbers are what those procurement decisions produce on the vendor's income statement.

What to watch next: whether Rogo discloses net revenue retention alongside the ARR figure (the number that separates a durable enterprise SaaS story from a pilot-cycle bump), whether Hebbia responds with its own updated ARR mark, and whether either vendor's growth rate holds through the 2026 budget cycle at the banks.