An AI-based data analytics company for financial services - Auquan - has successfully secured an additional USD 4.5 million in its seed funding round. The funding was led by Peak XV’s Surge and was participated by existing investor Neotribe Ventures. With this investment, Auquan’s total seed funding reached USD 8 million.

Furthermore, the new funds will be utilized to expand its engineering team and also advance its Retrieval-Augmented Generation (RAG) and AI agent architecture. According to the company’s press release, these moves would be a key to automating deep work.

Auquan was established in the year 2016 by Chandini Jain and Shubham Jain, wherein, the company is dedicated to automating complex, multi-step knowledge workflows in financial services from the get-go. 

Auquan consistently produces timely, comprehensive, and accurate insights that users can rely on by utilizing RAG and an AI-driven architecture. Also to note, its platform supports numerous top global asset managers, private equity firms, and investment banks so as to help them accelerate analysis, enhance decision-making, and improve operational efficiency.

If we delve into Auquan's RAG-based system, it is specifically designed to manage complex knowledge workflows. This is carried out by breaking them down into individual tasks. Moreover, the architecture is purpose-built to steer intricate processes to deliver outputs that meet the high standards of accuracy and comprehensiveness as required by clients like UBS, Federated Hermes, and BC Partners.

Currently, the platform offers native processing capabilities for the top 30 countries by GDP, which include key regions such as India, the USA, the UK, Europe, Latin America, Southeast Asia, and China. Today, leading financial institutions utilize Auquan’s SaaS-based AI solution to streamline workflows in investment, credit, due diligence, risk monitoring, ESG, and other areas. This enables faster, better-informed decisions that drive superior performance.