Pinegap, an AI-driven equity research platform with headquarters in New York and technology centre in Bengaluru, has raised $8 million in a Series A round of funding led by Stellaris Venture Partners.
This funding round also saw participation from existing investors Inventus, Silicon Valley Quad, and DeVC.
Pinegap said it will utilise this funding for its go-to-market and sales activities, expand the engineering team, and set up an in-house team of former equity research analysts.
According to a statement, Pinegap automates the daily workflows of institutional buy-side analysts, to scale across hedge funds, long-only mutual funds, and registered investment advisors (RIAs) in the United States.
This startup, founded in 2024 by Ankit Varmani and Deepak Sharma, works directly with fund teams to understand their research processes, investment theses, and workflows and then builds custom AI agents tuned to each fund’s investment style, private data, and output formats.
