[Funding alert] UK-based Auquan AI Innovator for Financial Services Raises $3.5m in Seed Funding

Auquan AI Innovator for Financial Services, located in the UK, secures $3.5 million in venture money. Neotribe Ventures was the lead investor in the round, and Stage 2 Capital and Episode 1 also participated.

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The funds will be used by the business to further the RAG AI-powered intelligence engine's development and increase its market share in the US.

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For clients in the financial services sector, such as UBS and Federated Hermes, Auquan transforms unstructured data into actionable insight under the direction of Chandini Jain, co-founder and CEO.

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For more than 500,000 privately held businesses, equities, infrastructure projects, and other entities, professionals in investment banking, private equity, asset management, and other types of finance use its SaaS-based Intelligence Engine to identify investments insights, risks, research long-term viability or ensure ongoing regulatory compliance.

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The business, which recently formally revealed its retrieval augmented generation (RAG) AI-powered Auquan Intelligence EngineTM, is based in London with additional offices in New York and Bangalore, India.

About Auquan

Auquan previously raised $1 million in pre-seed funding and was a part of the 2018 TechStars London cohort. RAG AI (retrieval augmented generation) is used by Auquan's Intelligence Engine to swiftly identify hidden insights that have financial significance.

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Transform KYC, ESG studies, risk monitoring, and company due diligence, and concentrate on your strongest skills—high-level analytical and strategic decision-making—instead.

By concentrating primarily on high-value analysis and broadening the breadth of their study, portfolio managers, research analysts, and corporate teams can always be ready to act before the market.

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