Finpilot, a Seattle, WA-based provider of an AI fintech platform for financial analysts, raised $4M in Seed funding.
The round was led by Madrona with participation from Ascend.vc and angels.
The company intends to use the funds to expand operations and its business reach.
Co-founded by Lakshay Chauhan and John Alberg, Finpilot provides financial analysts with a financial research co-pilot to SEC filings, financial reports and more, which is now available in public beta.
The public beta gives users the ability to query data in a conversational style and receive back detailed answers. Beyond a platform for querying financial data, the platform will support a personal agent that enables the automation of many of the common workflows for analysts, such as generating reports, completing many-step, complex analyses, including comparing companies, analyzing years of trend data scattered across a trove of documents, and extracting specific segment data hidden in charts and text.
The company was spun out of Euclidean Technologies.
Commenting on the deal, co-founder and CEO Lakshay Chauhan said: “With Finpilot, we are unlocking the data in unstructured public and private financial documents, enabling users to get specific answers, generate research reports, and uncover insights that would have taken hours of investigation in the past.“
FinSMEs
22/02/2024