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Funding · AI & Deep Tech

Pinegap raises $8 million Series A from Stellaris

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Date
Company
Pinegap
What it does
AI equity research platform for institutions
Kind
Funding
Amount
$8M
Stage
Series A
Founded
2024
Sector
AI & Deep Tech

What they do

Pinegap builds custom AI agents to automate financial research workflows for buy-side analysts

What happened

The company secured $8 million in Series A funding led by Stellaris Venture Partners

Why it matters

It has deployed over 1,000 AI agents and generated more than 50,000 research reports

The details

  • Pinegap raised $8 million in a Series A funding round.
  • The investment was led by Stellaris Venture Partners.
  • Silicon Valley Quad and DeVC participated as existing investors.
  • This follows a $2.5 million seed round completed in 2024.
  • The funds will support AI capability development and customer expansion.
  • The startup aims to strengthen its product offerings using the new capital.
  • This deal highlights growing AI automation adoption in financial services.
  • Institutional clients are increasingly integrating AI into their research processes.

The bigger picture

  • The funding validates Pinegap's model of tailoring AI to specific firm workflows.
  • Existing investors doubling down signals confidence in the company's growth trajectory.
  • The rise of AI agents in finance marks a significant industry shift.
  • Institutional demand for automated research tools continues to accelerate rapidly.

About the business

  • Pinegap provides an AI-powered equity research platform for institutional analysts.
  • Its primary customers include hedge funds, mutual funds, and investment firms.
  • The core product consists of custom AI agents that automate research tasks.
  • These agents handle earnings analysis, thesis tracking, and financial data interpretation.
  • The company differentiates itself by collaborating directly with firms on customization.
  • Agents are tailored to match specific investment styles and operational workflows.
  • Pinegap has deployed over 1,000 AI agents across its client base.
  • The platform serves more than 100 institutional customers globally.
  • It has successfully generated over 50,000 equity research reports to date.

What happens next

  • Pinegap plans to develop advanced AI capabilities using the raised funds.
  • The company intends to expand its customer base significantly.
  • Product offerings will be strengthened to meet institutional demands.

The deal

Type
Series A

Investors

Founders

  • Ankit Varmani, co-founder
  • Deepak Sharma, co-founder

About Pinegap

Product
Custom AI agents that automate recurring equity research tasks including earnings analysis, company primers, and thesis tracking
Customers
Institutional equity analysts and portfolio managers at hedge funds, mutual funds, and registered investment advisers
How it makes money
B2B SaaS platform providing custom AI agents tailored to individual investment teams' workflows and research preferences
What sets it apart
AI agents built directly around each fund's investment approach, private data and reporting formats for seamless integration

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