Auquan Secures $4.5 Million Funding for Growth
Auquan, an innovative artificial intelligence company based in London, UK, has successfully secured an additional $4.5 million in Seed funding, enhancing its total funding to an impressive $8 million. This funding round was spearheaded by Peak XV, with notable ongoing contributions from Neotribe Ventures. The company plans to allocate these new resources toward the growth of its engineering and sales teams, allowing for more robust development of its cutting-edge technology and broader market outreach.
Under the leadership of CEO Chandini Jain, Auquan has positioned itself as a pioneering force in the realm of financial services by automating critical deep work processes.
The company's SaaS-based AI solution is already in use by prominent financial institutions, including UBS, Federated Hermes, and BC Partners. By streamlining workflows related to investment strategies, credit assessments, due diligence, risk monitoring, and environmental, social, and governance (ESG) factors, Auquan empowers these organizations to make faster, data-driven decisions with enhanced accuracy.
Auquan distinguishes itself through its utilization of advanced technologies such as retrieval augmented generation (RAG) and a unique AI agent architecture to facilitate the automation of complex multistep knowledge workflows. This approach enables the timely production of comprehensive and trustworthy insights, which are crucial for financial decision-making. In addition to its London headquarters, Auquan also operates offices in New York and Bangalore, India, reflecting its expanding global presence and commitment to revolutionizing the financial services industry through innovative AI solutions.
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