Auquan secures £2.9m seed funding led by Neotribe Ventures to develop its AI intelligence engine.
Neotribe Ventures led the seed financing round to support product development and US expansion.
Auquan provides an artificial intelligence platform designed to automate complex knowledge work for financial services firms. Its technology helps major asset managers and banks streamline tasks like credit memos and risk monitoring.
Auquan has secured £2.9m in seed funding to advance its generative AI technology and grow its US market presence. Neotribe Ventures led the financing round, with additional backing from Episode 1 and Stage 2 Capital. The capital will be directed towards continued product development of the company intelligence engine and expanding commercial operations abroad. This follows previous pre-seed backing of $1m and participation in the TechStars London cohort.
From the founder
"RAG AI represents a major breakthrough for making generative AI viable for knowledge-intensive tasks in the enterprise. But it still requires significant domain expertise and a deep understanding of the user workflows to actually deliver the productivity and performance gains that generative AI promises,"
Chandini Jain
Co-founder and CEO at Auquan
Investor perspective
"It’s rare to see a shift as significant as AI. Auquan is uniquely positioned to leverage RAG in order to make generative AI viable for financial services and help firms unlock the value of the world’s unstructured data,"
Rebecca Mitchem
Partner, Neotribe Ventures
Use of funds
- 01Continue product development
- 02Expand into international markets
