Auquan Raises $3.5M to Expand AI-Powered Financial Services
Auquan, a London-based AI innovator for financial services, has successfully closed a seed funding round, raising a total of $3.5 million. The round was led by Neotribe Ventures, with the participation of Episode 1 and Stage 2 Capital. This influx of funding will be utilized to continue the development of Auquan's RAG AI-powered intelligence engine and to further expand their market presence in the United States. The company, founded by Chandini Jain, aims to transform unstructured data into actionable intelligence for their financial services clients, which count UBS and Federated Hermes among them.
Professionals working in investment banking, private equity, asset management, and other financial institutions rely on Auquan's SaaS-based Intelligence Engine to gain investment insights, identify risks, conduct sustainability research, and ensure ongoing regulatory compliance for over 500,000 private companies, equities, infrastructure projects, and other entities.
In addition to their headquarters in London, Auquan also has offices in New York and Bangalore, India. The company introduced the Auquan Intelligence Engineâ„¢, which is powered by retrieval augmented generation (RAG) AI. This innovation marks an important milestone for Auquan, as it positions them for future success.
Auquan started their journey as a member of the 2018 TechStars London cohort and had previously secured $1 million in pre-seed financing. Their commitment to utilizing artificial intelligence in financial services has attracted significant attention and investment, with Neotribe Ventures and other prominent venture capitalists recognizing its potential. With this recent injection of capital, Auquan is well-positioned to further improve their technology, enhance their market presence, and provide even greater value to their expanding customer base.
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