AI-powered data analytics company Auquan has garnered an extra $4.5 million in seed funding, led by Peak XV’s Surge, with further support from Neotribe Ventures. This latest investment brings Auquan’s total seed capital to $8 million.
The fresh funds are aimed at expanding Auquan’s engineering team and advancing its Retrieval-Augmented Generation (RAG) technology alongside its AI agent architecture. According to the company, these advancements are central to automating in-depth analytical tasks in the financial sector.
Founded by Chandini Jain and Shubham Jain in 2016, Auquan focuses on automating complex knowledge workflows within financial services. Using RAG technology and AI architecture, Auquan enables rapid, precise insights that enhance client decision-making. The platform is widely used by leading global asset managers, investment banks, and private equity firms to optimize analysis and improve operational efficiencies.
Auquan’s RAG-based solution breaks down intricate knowledge tasks into manageable steps, ensuring accuracy and comprehensiveness for clients like UBS, Federated Hermes, and BC Partners.
Covering the top 30 GDP countries, including India, the USA, the UK, and Southeast Asia, Auquan’s SaaS-based AI platform assists major financial institutions in investment analysis, credit assessment, risk monitoring, and more, empowering clients to make faster, data-driven decisions.
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