Auquan – Turning Unstructured Data Into Alpha, At Scale

Company & Team Introduction

Founded in 2018, Auquan is a Techstars London alumnus headquartered in London, with additional offices in New York and Bangalore. Its mission: “unlock the full potential of the brightest minds in finance — with AI.”

• CEO and co-founder Chandini Jain previously worked as a derivatives trader at Optiver and in structuring at Deutsche Bank.

• CTO and co-founder Shub Jain brings technical muscle from prior engineering roles at Microsoft and Gusto. Their vision fuses deep finance acumen with cutting-edge AI, driving a product purpose-built for the unique challenges of financial workflows.

The team includes finance PhDs, AI researchers, and ex-analysts from top firms—25% of employees hold advanced degrees in AI or finance. Pitchbook reports 28 employees as of 2025.

Product Overview

Auquan Intelligence Engine™ deploys autonomous AI agents that go beyond surface-level search to fully automate financial workflows:

• End-to-End AI Output: From ingesting unstructured sources to generating publish-ready reports, investment memos, ESG summaries, and more.

• RAG-Enhanced Generative AI: Combines LLMs with real-time retrieval from 2M+ sources in 65+ languages across 550,000+ companies.

• Finance-Native Workflows: Agents trained on industry data standards (e.g. SFDR, CSRD) understand context like covenants, KPIs, and regulatory language.

Use cases for Auquan’s platform include:

• ESG & sustainability reporting

• Private equity investment memos

• Continuous risk monitoring

• Regulatory compliance (e.g., KYC/KYB)

• Credit memo generation

• Due diligence automation

Market Opportunity

The financial sector is drowning in data—and burdened by regulatory and reporting demands. Analysts spend up to 80% of their time gathering, cleaning, and formatting information.

Auquan steps in as a system of action, not just search. By automating entire workflows, it transforms how firms handle research and compliance.

• $15.7B TAM: The generative AI for financial services market is forecasted to grow 26% annually to $15.7B by 2034.

• 86% of finance firms report AI is increasing revenue, and 97% plan to grow AI investment.

• Private credit pressure: With >$400B in dry powder in private markets, firms are racing to scale diligence and deployment capacity—Auquan offers instant leverage.

Business Model & Traction

Auquan runs a B2B enterprise SaaS model. Its platform is available via browser and the Microsoft Azure Marketplace.

Licensing is custom and based on the number of modules, use cases, or data volume. For large clients, professional services are layered in for onboarding and internal system integration.

Traction Highlights:

• Used by 40% of the world’s top 50 finance firms

• Clients include UBS, T. Rowe Price, Capital Group, MetLife, Blue Owl, BC Partners

• Generated 3,300+ analyst-grade reports in 2024 alone

• Saved clients 50,000+ hours of manual work and ~$40M in labor costs

• 3× YoY revenue growth

Clients rave about the product, with one top 10 asset management firm by AUM stating, “This is the first time I’ve seen AI truly make an impact in asset management.”

Competitors

Auquan distinguishes itself in the financial services sector by automating complex, knowledge-intensive workflows, enabling the production of comprehensive deliverables such as investment memos, compliance documents, and ESG reports with minimal human intervention. This is achieved through its Intelligence Engine, which leverages Retrieval Augmented Generation (RAG) AI to transform unstructured data into actionable intelligence.

Unlike competitors that primarily offer AI-enhanced search capabilities, Auquan's platform functions as a system of action, completing entire tasks autonomously. This approach has led to significant productivity gains for clients, including one-quarter of the top 25 private equity firms, collectively saving over 50,000 hours of manual work.

By automating the manual "last mile" of analysis, Auquan enables financial professionals to focus on high-value, strategic activities, thereby enhancing decision-making processes and operational efficiency.

Funding

Auquan has raised $8M to date:

• 2023: $3.5M led by Neotribe Ventures (US deep tech fund)

• 2024: $4.5M seed extension led by Surge (Peak XV’s accelerator)

• Early investors include Episode 1 Ventures (UK) and Stage 2 Capital (go-to-market specialists)

Auquan is also backed by Microsoft’s GenAI Accelerator, with access to Azure cloud and NVIDIA AI infrastructure.