London-based AI startup, Auquan, has secured an additional $4.5 million in its seed funding round led by Peak XV's Surge, bringing its total seed funding to $8 million.
Auquan aims to automate mundane tasks in the financial industry using AI, allowing professionals to reclaim their time.
The company plans to expand its engineering team in Bengaluru and develop its Retrieval-Augmented Generation (RAG) and AI agent architecture.
Auquan serves global asset managers, investment banks, and private equity firms by providing analysis, decision-making support, and operational efficiency.