According to published reports, Wealthfront, an automated investment firm, has raised $35 million in new funding led by Index Ventures and Ribbit Capital with existing investors The Social+Capital Partnership, Greylock Partners and DAG Ventures participating, we've learned exclusively. Also joining this round are Marissa Mayer, Kevin Rose, Paul Kedrosky, Mark and Ali Pincus, Alison Rosenthal and Tim Ferris.

Wealthfront is the world's largest & fastest-growing automated investment service with over $800 million in client assets. We manage a diversified, continually rebalanced portfolio of index funds on your behalf at a very low cost and in an extremely tax efficient manner. Our unique service is made possible by combining a team of world-class financial experts, led by Dr. Burton Malkiel, renowned economist and author of A Random Walk Down Wall Street, with some of Silicon Valley's best technology talent.