[ad_1]
AI SaaS startup PineGap.ai on Monday mentioned it has raised $2.5 million in its seed spherical led by US-based traders SVQuad and Inventus Capital to strengthen its fairness analysis platform.
Co-Based by IIT-BHU graduates Deepak Sharma and Ankit Varmani, the startup mentioned the raised funds might be used to expedite product growth and construct the engineering crew 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 Avenue 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 growth efforts and permit us to construct an engineering crew each in Bengaluru and the US. We’re wanting ahead to hiring one of the best and brightest minds in engineering as a part of our core crew,” mentioned 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 primarily based on monumental quantities of data obtainable as precisely and as shortly as attainable,” mentioned BV Jagadeesh, Founding Managing Associate at SVQuad.
[ad_2]
Source link
