Auquan, a London, UK-based AI innovator for financial services, raised additional $4.5M in Seed funding.
The round, which brought the total amount to $8M, was led by Peak XV with continued participation from Neotribe Ventures.
The company intends to use the funds to expand its engineering and sales teams.
Led by CEO Chandini Jain, Auquan is an AI innovator automating deep work in financial services. Financial institutions such as UBS, Federated Hermes, and BC Partners use its SaaS-based AI solution to automate workflows for investment, credit, due diligence, risk monitoring, and ESG, and make informed decisions faster.
The company leverages retrieval augmented generation (RAG) and an AI agent architecture to automate complex multistep knowledge workflows and produce timely, comprehensive and accurate insights that users can trust.
Auquan has additional locations in New York and Bangalore, India.
FinSMEs
29/10/2024