Auquan Raises $4.5 Mn To Automate Deep Work In Financial Services With AI

Auquan, an artificial intelligence-driven innovator for the financial services industry, disclosed an additional USD 4.5 million raising 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 USD 8 million and will fuel the company’s mission to streamline deep, knowledge-intensive financial workflows using AI, said the company. 

With this latest funding, Auquan plans to expand its engineering team in Bangalore (India) tapping into the region’s advanced AI talent to tackle some of the financial industry’s most complex workflow challenges. This team will work on further developing Auquan’s unique retrieval-augmented generation (RAG) and AI agent architecture to automate deep work- complex, multistep tasks requiring in-depth knowledge and precision across finance functions. 

Swaroop Kolluri, Founder, Managing Partner, Neotribe, said ”Auquan’s remarkable growth and customer traction validates our belief that they are 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."

Similar to the advanced reasoning capability seen in OpenAI’s model, Auquan’s RAG-based architecture is designed to handle deep knowledge workflows by decomposing them into discrete tasks, stated the company. Auquan’s architecture is purpose-built to navigate these intricate workflows, delivering outputs that meet high standards of accuracy, comprehensiveness, and trust, as demanded by clients like UBS, Federated Hermes, and BC Partners.

“The financial world is a fast-paced, high-pressure environment, with time as the most valuable asset" said Chandini Jain, Co-founder and Chief Executive Officer, Auquan. “Auquan empowers financial professionals to reclaim their time by automating the mundane tasks that drain their 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, with the power of AI,” she added.