15 April 2024 – A promising business called PineGap.ai celebrated a big victory on Monday when it concluded a $2.5 million initial investment round. Leading US investors SVQuad and Inventus Capital led the investment, demonstrating a high level of trust in the company’s goals and prospects.
PineGap.ai, the brainchild of IIT-BHU grads Deepak Sharma and Ankit Varmani, has quickly garnered interest in the stock research field. Because of their combined experience and practical business understanding, the pair has established the company as a leader in the revolution of equity research methodology.
The funding injection will act as a spark for the extensive product development projects of PineGap.ai. The firm is concentrating on improving its exclusive equities research platform. It plans to use cutting-edge technology to provide analysts at investment banks, hedge funds, and mutual funds with unmatched insights.
Conclusion
Growing its technical workforce is one of PineGap.ai’s top priorities, and the company is having big hiring campaigns in Bengaluru and the US. The firm aims to strengthen its technology capabilities and promote innovation in the competitive equities research market by drawing in top talent.
A wide range of investors enthusiastically participated in the initial investment round, demonstrating how the industry has recognised PineGap.ai’s disruptive potential.
