Finpilot, a Seattle, WA-based early-stage AI fintech for financial analysts, secured $4 million in seed funding.
SaaS Investors
The round was led by Madrona, with Ascend.vc and hedge fund angels participating. Co-founded by Lakshay Chauhan and John Alberg.
Founded in Seattle in 1995, Madrona is a venture firm that invests in early- to late-stage companies in the Pacific Northwest and beyond.
About Finpilot
Founded by Lakshay Chauhan and John Alberg, Finpilot is an AI co-pilot for financial analysts to help in researching and analyzing companies. Finpilot is applying AI to the challenging task of extracting knowledge out of unstructured financial data, such as the data found in SEC documents, call transcripts, research reports, and private financial documents. Finpilot's platform also supports workflow automation, streamlining tasks like report generation and trend analysis, empowering analysts to focus on valuable insights. Based in Seattle. WA, the company was spun out of Euclidean Technologies, an investment firm known for its use of technology for quantitative analysis.
Funding Details
Company: Finpilot
Raised: $4.0M
Round: Seed Round
Funding Month: February 2024
Lead Investors: Madrona
Additional Investors: Ascend.vc, Lakshay Chauhan and John Alberg
Company Website: https://www.finpilotai.com/
Software Category: Financial
Source: https://www.businesswire.com/news/home/20240222100404/en/