AI Startup Pinegap Raises $8 Million Series A to Transform Equity Research

Pinegap, which is based in New York and also has an office in Bengaluru, will use the new funding to expand its sales and go-to-market teams, hire more engineers, and build an in-house team of experienced equity research analysts to strengthen its platform.

“Buy-side analysts typically cover 20 to 40 companies in their main coverage while monitoring hundreds in their shopping list. Their days are structured around recurring, high-stakes workflows that are still largely done by hand,” said Deepak Sharma, CEO and Co-Founder of Pinegap. “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.”

Alok Goyal, Partner at Stellaris Venture Partners, said, “Buy-side analysts and portfolio managers are among the most intellectually demanding and capacity-constrained professionals in financial services, and the tools they rely on have not kept pace with the volume and complexity of what they manage. Pinegap is solving a real, high-stakes problem with a team that has lived it from both sides – the domain depth of a career analyst combined with the technical velocity of a product builder. What they have built in a short period of time, and the calibre of funds already using it, speaks for itself.”

Founded in 2024 by Ankit Varmani and Deepak Sharma, Pinegap offers an AI-powered platform built for equity analysts and portfolio managers working at hedge funds and mutual funds. The platform helps them complete research tasks faster and more efficiently.

The platform uses AI agents to handle repetitive tasks such as analysing company reports, tracking earnings calls, and monitoring important business changes. This saves time and allows analysts to focus on making investment decisions.

Pinegap works closely with investment teams to understand how they do research. It then creates custom AI agents that match each team's unique research process and working style.

Read Also- River Mobility Bags $120 Million Series C Funding for EV Expansion