PineGap.ai stated it has raised $2.5 million.
New Delhi:
AI SaaS startup PineGap.ai on Monday stated it has raised $2.5 million in its seed spherical led by US-based buyers SVQuad and Inventus Capital to strengthen its fairness analysis platform.
Co-Based by IIT-BHU graduates Deepak Sharma and Ankit Varmani, the startup stated the raised funds might be used to expedite product improvement and construct the engineering staff in Bengaluru and the US.
The funding spherical additionally noticed participation from DeVC and Silicon Valley serial entrepreneurs like Mohit Aron (Founder, Cohesity/Nutanix), Vetri Vellore (Founder, Ally.io), and Mohan Kumar (Managing Associate, Avataar Ventures), alongside Wall Road executives.
PineGap.ai goals to empower fairness analysis analysts working in hedge funds, mutual funds and funding banks.
“This funding will speed up our product improvement efforts and permit us to construct an engineering staff each in Bengaluru and the US. We’re wanting ahead to hiring the very best and brightest minds in engineering as a part of our core staff,” stated Deepak Sharma, Co-Founder and CEO.
With the assistance of the newest advances in GenAI and LLMs, the startup generates insights for all US-listed corporations to create “turbocharged analysts”.
“Monetary analysis analysts have to make correct predictions on publicly listed corporations based mostly on huge quantities of data out there as precisely and as shortly as attainable,” stated BV Jagadeesh, Founding Managing Associate at SVQuad.
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