Auquan, an AI-based data analytics company for financial services, has secured an additional $4.5 million in its seed funding round, led by Peak XV’s Surge with participation from existing investor Neotribe Ventures. This investment brings Auquan’s total seed funding to $8 million.
The new funds will be used to expand its engineering team and advance its Retrieval-Augmented Generation (RAG) and AI agent architecture, which are key to automating deep work, according to the company’s press release.
Founded in 2016 by Chandini Jain and Shubham Jain, Auquan is dedicated to automating complex, multi-step knowledge workflows in financial services. By utilizing RAG and an AI-driven architecture, Auquan consistently produces timely, comprehensive, and accurate insights that users can rely on. Its platform supports numerous top global asset managers, investment banks, and private equity firms, helping them accelerate analysis, enhance decision-making, and improve operational efficiency.
Auquan’s RAG-based system is specifically designed to manage complex knowledge workflows by breaking them down into individual tasks. The architecture is purpose-built to navigate intricate processes, delivering outputs that meet the high standards of accuracy and comprehensiveness required by clients like UBS, Federated Hermes, and BC Partners.
The platform offers native processing capabilities for the top 30 countries by GDP, including key regions such as India, the USA, the UK, Europe, Latin America, Southeast Asia, and China. Leading financial institutions use Auquan’s SaaS-based AI solution to streamline workflows in investment, credit, due diligence, risk monitoring, ESG, and other areas, enabling faster, better-informed decisions that drive superior performance.
