The financial services AI data analytics startup Auquan has raised an additional $4.5 million in its seed funding round, which was led by Peak XV’s Surge and included current investor Neotribe Ventures. With this investment, Auquan now has $8 million in total seed funding.
According to the company’s press release, the additional funding will be utilized to grow its engineering staff and develop its AI agent architecture and Retrieval-Augmented Generation (RAG), which are essential for automating deep work.
Chandini and Shubham Jain founded Auquan in 2016 with the goal of automating intricate, multi-step knowledge workflows in the financial services industry. Auquan regularly generates accurate, thorough, and timely insights that users can trust thanks to its AI-driven architecture and RAG. Many leading international asset managers, investment banks, and private equity firms use its platform to speed up analysis, improve decision-making, and boost operational effectiveness.
The RAG-based system from Auquan is especially made to handle intricate knowledge workflows by decomposing them into discrete tasks. The architecture is specifically designed to handle complex procedures and produce results that satisfy the exacting requirements of clients such as BC Partners, Federated Hermes, and UBS for thoroughness and accuracy.
For the top 30 nations by GDP, including important regions like China, India, the United States, the United Kingdom, Europe, Latin America, and Southeast Asia, the platform provides native processing capabilities. To enable quicker, more informed decisions that lead to better performance, top financial institutions use Auquan’s SaaS-based AI solution to optimize workflows in investment, credit, due diligence, risk monitoring, ESG, and other areas.
