Auquan, a company that uses artificial intelligence (AI) to improve efficiency in the financial services industry, has raised an additional $4.5 million in its seed funding round. The investment was led by Peak XV’s Surge, with continued support from Neotribe Ventures. With this new funding, Auquan’s total seed capital has reached $8 million, which will help the company in its mission to simplify complex financial processes using advanced AI technology.
Expanding AI Engineering Team
Auquan plans to use the funds to expand its engineering team in Bangalore, India. Known for its AI talent pool, Bangalore is an ideal location for building a team capable of tackling the financial industry’s unique workflow challenges. The new team will work on enhancing Auquan’s retrieval-augmented generation (RAG) and AI agent-based architecture, both of which are essential to automate complex financial tasks that require detailed knowledge and precision.
Streamlining Financial Workflows
Auquan’s technology aims to simplify “deep work” tasks in finance—time-consuming, complex processes that require accuracy. According to Swaroop Kolluri, Managing Partner at Neotribe, Auquan’s approach can free up skilled financial professionals from repetitive, data-heavy tasks. By handling intricate workflows, Auquan’s AI architecture allows financial teams to focus on important, strategic work, which gives firms a competitive advantage.
RAG-Based AI for Enhanced Decision-Making
Auquan’s RAG-based AI agent architecture is similar to the advanced reasoning seen in models like OpenAI’s, as it breaks down large, complex tasks into manageable parts. This structure is designed to support the financial sector by delivering accurate and reliable results required by major clients such as UBS, Federated Hermes, and BC Partners. Auquan’s technology ensures the highest standards of precision, which helps financial firms make data-driven, impactful decisions.
Aiming to Transform Financial Productivity
Chandini Jain, Co-founder and CEO of Auquan, shared her vision for how this AI technology can transform the finance sector. She believes that in the near future, financial professionals will no longer need to spend hours analyzing data or creating lengthy reports. By automating repetitive tasks, Auquan’s technology empowers these professionals to focus on work that truly matters.
