Auquan’s AI-Powered Tool Transforms Financial Research, Secures Major Partnerships

AI Startup Auquan Revolutionizes Financial Research with Automation

Auquan, a fintech startup founded in 2018 by former analyst and derivatives trader Chandini Jain, is making waves in the financial industry with its innovative AI-powered research automation tool. Launched in late 2023, the product is designed to streamline tasks typically performed by junior analysts, addressing the growing demand for AI solutions in finance.

The company has quickly gained traction, securing partnerships with major financial firms including UBS, Blue Owl Capital, and T. Rowe Price. Since its October 2023 launch, Auquan has achieved nearly $2 million in annual recurring revenue, demonstrating the market’s appetite for AI-driven financial tools.

Auquan’s technology automates data gathering and processing, creating reports and memos essential in various financial sectors. The platform’s versatility has found applications in private-market investing, investment banking, and risk management. Analysts and associates are leveraging Auquan to produce documents for senior executives, significantly reducing workload and increasing efficiency.

The startup’s innovative approach mimics human tasks by accessing raw data from providers and public sources. Users specify their desired output, and Auquan’s “agent super orchestrator” manages the process using “mini agents” to compile information into company-specific formats ready for presentation.

Auquan’s pricing model is based on clients’ desired outcomes, such as the number of reports or compliance checks, with fees charged for each automated process multiplied by its expected frequency.

The company’s rapid growth has attracted investor attention, recently closing an $8 million seed funding round led by Peak XV and Neotribe Ventures. Jain’s experience as an analyst, which highlighted the challenge of managing vast amounts of data with limited resources, has been a driving force behind Auquan’s development.

As the finance industry continues to embrace AI solutions, Auquan’s platform stands out for its ability to address data overload and labor inefficiencies. With its multilingual capabilities and partnerships with data vendors, Auquan is poised to make a significant impact on the future of financial research and analysis.