Auquan raises $4.5M to in financial services with the AI

New funding aims to drive expansion of Engineering Talent in Bangalore

IH News Desk

BENGALURU, October 29, 2024: Auquan, an AI-driven company, has raised $4.5 million in its seed funding round raising its total seed funding to $8 million. The funding will help Auquan streamline deep, knowledge-intensive financial workflows using AI.

Auquan's technology is used by top global asset managers, investment banks and private equity firms to accelerate analysis, enhance decision-making and drive operational efficiency. With the funding, Auquan plans to expand its engineering team in Bangalore, India, to tackle complex workflow challenges in the financial industry.

The team will work on 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.

Neotribe Ventures, Founder and Managing Partner, believes Auquan is uniquely positioned to solve a critical challenge in finance: freeing highly skilled teams from the grind of wading through noisy data and performing undifferentiated work to support high-impact decisions. Auquan's RAG-based architecture is designed to handle deep knowledge workflows by decomposing them into discrete tasks, delivering outputs that meet high standards of accuracy, comprehensiveness and trust.

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