Auquan Closes $3.5 Million in Seed Round

by Kay Aloha Villamor in October 19th, 2023

Auquan, a London, UK-based startup that offers an artificial intelligence-powered analytics engine for financial services companies, closed a $3.5 million seed funding. 

The company also formally announced its Auquan Intelligence Engine™, powered by retrieval augmented generation (RAG) AI.

SaaS Investors

The round was led by Neotribe Ventures, with participation from Episode 1 and Stage 2 Capital. 

Founded in 2017, Neotribe Ventures is a venture capital firm based in Menlo Park, California. The firm specializes in deep technology investments that have the potential to create new product categories. The firm prefers to invest in companies operating in applied artificial intelligence, biotech, enterprise infrastructure, the Internet of Things, and the weather-tech sector.

Auquan Use of Funds

The company will use the funding to accelerate the development of its Intelligence Engine and expand its market presence in the U.S.

About Auquan

Auquan is a data science company operating in the fintech space and based in London, UK. The company's flagship product, the Auquan Intelligence Engine, is designed to help financial services firms make sense of large amounts of unstructured data, automating the extraction of insights from sources like company reports, regulatory documents, and news coverage. The engine uses an AI technique called retrieval augmented generation (RAG AI) to bridge the gap between static knowledge and up-to-the-minute information, providing context-aware insights to financial professionals. Some of the largest asset managers, investment banks, and private equity funds in Europe and the U.S. use Auquan to outperform company due diligence, KYC, ESG research, and continuous risk monitoring.

Funding Details

Company: Auquan Ltd.

Raised: $3.5M

Round: Seed Round

Funding Month: October 2023

Lead Investors: Neotribe Ventures

Additional Investors: Episode 1 and Stage 2 Capital

Company Website: https://www.auquan.com/ 

Software Category: AI-powered Analytics Engine

Source: https://siliconangle.com/2023/10/18/auquan-raises-3-5m-seed-funding-deliver-ai-powered-insights-financial-services-industry/



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