Auquan raises $4.5m to automate deep work in finance with AI

By Gloria Methri

Auquan, an AI innovator for financial services, has announced a $4.5 million addition to its seed round, led by Peak XV, with continued participation from Neotribe Ventures. This brings the total seed funding to $8 million.

Auquan is the first AI solution to leverage an AI agent architecture and retrieval augmented generation (RAG) to automate deep knowledge-intensive workflows in financial services. Global asset managers, investment banks, and private equity firms use Auquan to unlock transformative productivity gains and make better-informed decisions faster.

The new funding will be primarily allocated to expanding Auquan’s engineering and sales teams. New hires will be at the forefront of solving some of the most complex challenges in the financial industry, working with state-of-the-art AI architectures to revolutionise how financial institutions handle deep, knowledge-intensive tasks and expand market presence.

While horizontal generative AI tools are gaining popularity for shallow tasks like enterprise search and customer support — typically limited to simple searches or single query-response interactions — Auquan is designed to handle “deep work”: complex, recurring, multistep workflows that are vital to business operations and demand specialized knowledge, sustained focus, and precision.

The company liberates top talent from time-consuming yet routine aspects of deep knowledge work, enabling them to focus instead on high-value, strategic work that drives the business forward and enhances competitiveness.

Auquan’s customers are experiencing similar productivity gains for deep workflows such as the production of investment memos, responses to RFPs, business involvement screening, ESG performance reporting, KYB compliance screening, and others.

“In an industry where billions can be gained or lost in moments, time is the most valuable asset. Auquan gives it back,” said Chandini Jain, co-founder and CEO of Auquan. “By automating the repetitive work that consumes most of the day for finance professionals, we are unleashing productivity on an industrial scale. Three years from now, the brightest minds in finance will look back and wonder why they ever had to spend days sifting through hundreds of documents and typing up lengthy reports and memos.”