Pinegap Raises USD 8 Mn in Series A Funding

AI-powered equity research startup Pinegap has raised USD 8 million in a Series A funding round led by Stellaris Venture Partners with participation from existing investors Inventus, Silicon Valley Quad and DeVC. The company had previously raised USD 2.5 million in a seed funding round in 2024.

The company said it will use the fresh capital to strengthen its go-to-market and sales capabilities, expand its engineering team and build an in-house team of former equity research analysts.

Founded in 2024 by Ankit Varmani and Deepak Sharma, Pinegap develops AI-powered equity research tools for institutional buy-side investors, including hedge funds, mutual funds and registered investment advisors (RIAs). The platform builds custom AI agents that automate research workflows such as earnings analysis, investment thesis tracking and company research based on each firm’s investment process and data.

Pinegap said it has deployed more than 1,000 AI agents across over 100 institutional customers, generating more than 50,000 research reports.

“Every workflow we automate whether it’s an earnings preview, a company primer, or a thesis tracker is time an analyst gets back to focus on what only they can do: judgment, conviction and decisions. Pinegap isn’t a chatbot or a search tool. It’s a platform built around how a fund actually operates, tuned to their data, their format and their investment style,” said Deepak Sharma, Co-founder and CEO, Pinegap.