The Pinegap Series A is official: Pinegap, an AI-driven equity research platform headquartered in New York with a technology centre in Bengaluru, has raised $8 million in a Series A funding round led by Stellaris Venture Partners, as publicly reported on 2026-08-06. Existing backers Inventus, Silicon Valley Quad, and DeVC also participated in the round. The company, founded in 2024, automates the daily workflows of institutional buy-side analysts serving hedge funds, long-only mutual funds, and registered investment advisors (RIAs) across the United States.
Quick Highlights
- Founders: Ankit Varmani (former JPMorgan analyst) and Deepak Sharma (IIT-BHU alumnus), Co-Founders; Deepak Sharma serves as CEO
- Lead Investor: Stellaris Venture Partners
- Participating Investors: Inventus, Silicon Valley Quad, DeVC
- Headquarters: New York, USA (India operations: Bengaluru, Karnataka)
- Announcement Date: 6 August 2026
Funding Breakdown
Use of Funds
Pinegap plans to deploy the $8 million across three priority areas, as publicly reported. First, the company will strengthen its go-to-market and sales capabilities to accelerate customer acquisition among institutional investors. Second, it will expand its engineering team to deepen the platform’s technical capabilities. Third, and notably, it will build an in-house team composed of former equity research analysts — a move designed to ensure the platform’s AI agents remain tightly aligned with how professional fund teams actually operate.
Funding Timeline
Pinegap previously raised $2.5 million in a seed funding round in 2024, which included participation from Silicon Valley Quad, Inventus Capital Partners, and DeVC, among other investors. The current $8 million Series A brings the company’s total publicly reported funding to $10.5 million.
Expansion Plans
Beyond the engineering and analyst hiring outlined above, Pinegap targets continued growth among Wall Street’s buy-side community. The platform currently serves more than 100 institutional clients and has deployed over 1,000 custom AI agents, generating upwards of 50,000 research reports per month, as publicly reported. The company’s near-term focus is scaling these numbers by deepening penetration into the hedge fund and mutual fund segments across the United States.
Significance
This round signals strong early-stage conviction in the application of agentic AI to one of financial services’ most labour-intensive workflows. Unlike generic AI tools, Pinegap builds custom agents tuned to each fund’s investment style, private data, and output formats — a differentiated approach that has already attracted more than 100 institutional clients within roughly two years of founding. Alok Goyal, Partner at Stellaris Venture Partners, noted publicly that buy-side analysts and portfolio managers are “among the most intellectually demanding and capacity-constrained professionals in financial services” and that the tools they rely on have not kept pace with the complexity of what they manage. The Pinegap Series A reflects a broader investor trend: application-layer AI ventures targeting high-value, domain-specific enterprise workflows are drawing serious capital, and fintech remains one of the clearest proving grounds for that thesis.
These details have been verified against multiple publicly available reports as of 2026-08-06.
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Disclaimer: This report is compiled from publicly available sources and is for informational purposes only; funding figures are as publicly reported and may be subject to change.
