Auquan, a data analytics startup specializing in AI solutions for the financial services sector, has raised an additional $4.5 million in its seed funding round, led by Peak XV’s Surge program and supported by existing investor Neotribe Ventures. This recent funding brings Auquan’s total seed capital to $8 million.
The funds will primarily support the expansion of Auquan’s engineering team and the development of its proprietary Retrieval-Augmented Generation (RAG) technology alongside its AI agent architecture, which together streamline and automate complex workflows within financial services. According to Auquan’s press release, these advancements are integral to the company’s mission of transforming deep knowledge work into efficient, automated processes.
Founded in 2016 by Chandini Jain and Shubham Jain, Auquan’s platform leverages RAG and an AI-driven architecture to deliver highly accurate and timely insights for financial institutions. The company’s system is designed to dissect multi-step processes into modular tasks, maintaining a high degree of accuracy and depth essential for global clients, including UBS, Federated Hermes, and BC Partners.
Auquan’s platform is now utilized by asset managers, investment banks, and private equity firms worldwide, who rely on it to improve decision-making speed and operational efficiency across various functions, such as investment analysis, credit evaluations, ESG assessments, risk monitoring, and due diligence. The platform’s native capabilities extend across 30 of the world’s largest economies, including India, the USA, the UK, Europe, China, Southeast Asia, and Latin America, making it an invaluable resource for institutions navigating the complexities of global markets.
With this latest infusion of capital, Auquan is poised to further enhance its SaaS-based AI solution, equipping financial organizations with the tools to accelerate workflows, generate superior insights, and drive long-term performance across their portfolios.
