PineGap.ai, a promising AI SaaS startup, has secured $2.5 million in its seed funding round led by prominent US-based investors SVQuad and Inventus Capital. Co-founded by Deepak Sharma and Ankit Varmani, graduates of IIT-BHU, the company aims to bolster its equity research platform with this infusion of capital.
The raised funds are earmarked for accelerating product development and expanding the engineering team, with a focus on Bengaluru and the United States. Notable participants in the funding round include DeVC and esteemed Silicon Valley entrepreneurs such as Mohit Aron, founder of Cohesity/Nutanix, Vetri Vellore, founder of Ally.io, and Mohan Kumar, Managing Partner at Avataar Ventures, alongside executives from Wall Street.
PineGap.ai is on a mission to empower equity research analysts operating in hedge funds, mutual funds, and investment banks. By leveraging the latest advancements in GenAI and LLMs (Large Language Models), the startup provides insights for all US-listed companies, enabling analysts to become “turbocharged” in their endeavors.
Deepak Sharma, Co-Founder and CEO of PineGap.ai, expressed his enthusiasm about the investment, stating, “This funding will expedite our product development efforts and enable us to assemble a top-tier engineering team in Bengaluru and the US. We are eager to onboard the brightest engineering minds to our core team.”
BV Jagadeesh, Founding Managing Partner at SVQuad, emphasized the significance of PineGap.ai’s mission, stating, “Financial research analysts require precise and rapid predictions on publicly listed companies, given the vast amounts of available information.”
PineGap.ai’s innovative approach, backed by cutting-edge AI technologies, promises to revolutionize equity research, providing analysts with the tools they need to navigate the complexities of the financial landscape effectively.
In a dynamic market where information is paramount, PineGap.ai stands at the forefront, poised to redefine the way equity research is conducted. With the support of strategic investors and a dedicated team, the startup is well-positioned to drive significant advancements in the field of financial analysis.
By harnessing the power of AI and fostering collaboration between industry experts and technology innovators, PineGap.ai is paving the way for a more efficient and insightful approach to equity research.
