PineGap.ai, an AI SaaS startup based in New York, recently closed a $2.5 million seed funding round to enhance equity research in the financial sector. Led by SVQuad and Inventus Capital, with additional funds from DeVC and notable entrepreneurs like Mohit Aron and Vetri Vellore, the round also saw participation from Wall Street executives.
The company, led by CEO Deepak Sharma, an IIT-BHU alumnus, and co-founder Ankit Varmani, aims to transform equity research with its Pine-LLM technology, offering deep insights from public company filings.
Some words from those involved in the funding round:
“Securing $2.5 million in seed funding from top Silicon Valley investors is a significant milestone for us. This investment will expedite our product development initiatives and enable us to expand our engineering team in both Bangalore and the US. We are eager to onboard the most talented engineers to join our core team.”
— Deepak Sharma, Co-Founder & CEO of PineGap.ai
“Financial research analysts face the challenge of making accurate and timely predictions about publicly listed companies based on vast amounts of data. PineGap’s founders, with their profound domain knowledge, are addressing this complex issue using GenAI. At SVQuad, we are thrilled to partner with PineGap and leverage our 100+ years of operational experience to support PineGap’s growth into a market-leading and enduring institution.”
— BV Jagadeesh, Founding Managing Partner at SVQuad
“With the funding from the seed round, our goal is to deliver a compelling product to the industry that they can rely on and integrate into their workflow.”
— Ankit Varmani, Co-Founder & CEO of PineGap.ai
Featured image: Credit: PineGap.ai
