Auquan, an AI innovator for financial services, has raised an additional $4.5 million in its seed funding round, led by Peak XV’s Surge with continued participation from Neotribe Ventures.
This investment brings Auquan’s total seed funding to ₹8 million. The newly raised funds will be used to expand its engineering and sales teams.
“In an industry where billions can be gained or lost in moments, time is the most valuable asset. Auquan gives it back. By automating the repetitive work that consumes most of the day for finance professionals, we’re unleashing productivity on an industrial scale. Three years from now, the brightest minds in finance will look back and wonder why they ever had to spend days sifting through hundreds of documents and typing up lengthy reports and memos,” said Chandini Jain, Co-founder and CEO of Auquan.
“Auquan’s remarkable growth and customer traction validates our belief that they’re uniquely positioned to solve a critical challenge in finance: freeing highly skilled teams from the grind of wading through noisy data, performing undifferentiated work to support high-impact decisions. Their RAG-based AI agent architecture is truly transformative, allowing professionals to focus on strategic, meaningful work while enabling firms to gain a competitive edge. We’re thrilled to support Auquan as they revolutionize deep work productivity and decision-making in finance,” said Swaroop Kolluri, Founder and Managing Partner, Neotribe.
Founded in 2016 by Chandini Jain and Shubham Jain, Auquan is an AI innovator automating deep work in financial services. Auquan leverages an AI agent architecture and retrieval augmented generation (RAG) to automate deep knowledge-intensive workflows in financial services.
Leading financial institutions such as UBS, Federated Hermes, and BC Partners use Auquan’s SaaS-based AI solution to automate workflows for investment, credit, due diligence, risk monitoring, and ESG — and make better-informed decisions faster and outperform. Auquan leverages retrieval augmented generation (RAG) and an AI agent architecture to automate complex multistep knowledge workflows and consistently produce timely, comprehensive and accurate insights that users can trust.
Auquan’s investors include Peak XV, Neotribe Ventures, Episode 1, and Stage 2 Capital. Auquan is headquartered in London, with locations in New York and Bangalore, India.
Auquan processes both internal and external structured and unstructured datasets. It delivers industry-leading global coverage of public and private companies (550,000+) and public and subscription data sources (2M+) originating in more than 65 languages, including native processing for the top 30 countries by GDP and key supply chain locations.
