Auquan, a London, UK-based AI innovator for financial services, closed a $3.5m seed funding round.
The round was led by Neotribe Ventures with participation from Episode 1 and Stage 2 Capital.
The company intends to use the funds to continue developing its RAG AI-powered intelligence engine and further expand its market presence in the United States.
Led by Chandini Jain, co-founder and CEO, Auquan transform unstructured data into actionable intelligence for financial services customers, including UBS and Federated Hermes. Professionals in investment banking, private equity, asset management, and other financial institutions use its SaaS-based Intelligence Engine to uncover investment insights, identify risks, research sustainability, or ensure ongoing regulatory compliance for more than 500,000 private companies, equities, infrastructure projects, and other entities.
The company, which also formally announced its Auquan Intelligence Engine™, powered by retrieval augmented generation (RAG) AI, is headquartered in London, with locations in New York and Bangalore, India. Auquan was a member of the 2018 TechStars London cohort and had earlier raised $1m in pre-seed financing.
FinSMEs
18/10/2023