Fintech AI startup Auquan announced an additional $4.5 million in seed funding, making it a total of $8 million
#Auquan, an #AI innovator specializing in financial services and #fintech, has announced an additional $4.5 million in seed funding led by Peak XV Partners, with continued participation from Neotribe Ventures. This latest investment brings their total seed funding to an impressive $8 million.
Founded by Chandini Jain, Auquan is revolutionizing how financial institutions handle complex, knowledge-intensive tasks. By leveraging advanced AI agent architecture and retrieval augmented generation (RAG), Auquan automates deep workflows that traditionally require significant time and specialized expertise. Their platform is designed to tackle "deep work"—complex, recurring, multistep processes vital to financial operations, such as drafting detailed investment memos, conducting due diligence, managing compliance, and producing ESG reports.
Already, 25% of the top 20 global asset managers, investment banks, and private equity firms, including industry leaders like UBS, Federated Hermes, and BC Partners, are using Auquan to enhance productivity and make faster, better-informed decisions. With this new infusion of capital, Auquan plans to expand its engineering and sales teams, bringing on new talent to further innovate and address some of the most complex challenges in the financial industry.
Auquan processes both internal and external structured and unstructured data, offering global coverage of over 550,000 public and private companies and accessing more than 2 million data sources in over 65 languages. This extensive reach enables them to deliver insights that are accurate, comprehensive, and tailored to the unique priorities of their clients.
The article on Finextra in the first comment.
