Co-founded by IIT-BHU graduates Deepak Sharma and Ankit Varmani, the startup said the funds raised will be used to accelerate product development and build engineering teams in Bengaluru and the US.

The funding round also saw participation from DEVC and Silicon Valley serial entrepreneurs like Mohit Aron (Founder, Cohesity/Nutanix), Vetri Vellore (Founder, Ally.io), and Mohan Kumar (Managing Partner, Avtaar Ventures) along with Wall Street executives Went.

PineGap.ai aims to empower equity research analysts working in hedge funds, mutual funds and investment banks.

“This investment will accelerate our product development efforts and allow us to build an engineering team in both Bengaluru and the US. We look forward to hiring the best and brightest minds in engineering as part of our core team,” said Deepak Sharma, Co-Founder and CEO.

With the help of the latest advancements in GenAI and LLM, the startup generates insights for all US-listed companies to create “turbocharged analysts”.

“Financial research analysts need to make accurate predictions on publicly listed companies as accurately and as quickly as possible based on the large amount of information available,” said BV Jagadish, founding managing partner of SVQuad.