This startup is bringing AI agents to banks and money managers including UBS, Blue Owl Capital, and T. Rowe Price. Here's the deck it used to raise $8 million.
Chandini Jain, CEO of Auquan. Auquan Auquan was founded in 2018 by Chandini Jain, a former analyst and derivatives trader. It launched an AI product in late 2023 that can automate research work usually done by analysts. It has since inked deals with UBS, Blue Owl Capital, and T. Rowe Price. The wave of fintechs building autonomous agents for finance firms designed to do the work of a junior analyst or banker is swelling. One such startup, Auquan, uses generative AI to automate the time-consuming but ubiquitous task of gathering and processing data and putting that information into a written template, like a due diligence report, an investment committee memo, or a pitch book. Demand for this kind of technology is heating up in the finance industry , which is often bogged down with manual processes around data management, processing, and analysis. Since launching in October 2023, Auquan has brought in close to $2 million in annual recurring revenue and secured UBS, T. Rowe Pri...