Pinegap raises $2.5m Seed for AI-assisted equity research
SVQuad and Inventus Capital co-led the financing, with DeVC and named technology entrepreneurs also participating.
Pinegap announced a $2.5 million Seed financing on April 15, 2024. SVQuad and Inventus Capital co-led the round, joined by DeVC, Mohit Aron, Vetri Vellore and Mohan Kumar, alongside unnamed Wall Street executives.
The New York company was developing software to help analysts interpret public-company filings using its Pine-LLM technology. Co-founders Deepak Sharma and Ankit Varmani described the financing as a way to accelerate development and build engineering teams in Bengaluru and the United States. The announcement positioned the product for research workflows in hedge funds, mutual funds and investment banks.
Use of funds
Accelerate product development
Build engineering teams in Bengaluru and the United States