Auquan, an AI innovator for financial services, today announced a £3.5 million addition to their seed round, led by Peak XV with continued participation from Neotribe Ventures, bringing total seed funding to £6 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. Twenty-five percent of the top 20 global asset managers, investment banks, and private equity firms use Auquan to unlock transformative productivity gains, make better-informed decisions faster, and outperform their competitors.
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 expanding 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 specialised knowledge, sustained focus, and precision.
Finance teams are filled with brilliant professionals who excel at deep work, such as writing 20-50 page investment and credit memos, conducting due diligence, managing compliance, monitoring risk, and producing detailed ESG reports. While some of this work differentiates your firm, other complex and time-intensive aspects — like searching through lengthy documents or drafting reports — are essential yet undifferentiated.
Auquan liberates your top talent from these time-consuming yet routine aspects of deep knowledge work, enabling them to instead focus on high-value, strategic work that drives the business forward and enhances competitiveness.
