Pinegap Raises $8M Series A for Wall Street AI Agents

Fundraise Insider tracks newly funded startups each week and delivers verified sales leads of C-suite contacts straight to your inbox, so you reach the right people while the funding is still fresh. See pricing.

Pinegap has closed an $8 million Series A led by Stellaris Venture Partners, with Inventus Capital Partners, Silicon Valley Quad and DeVC joining the round. The company is headquartered in New York, New York, and runs a technology team in Bangalore.

The founding pair brings both halves of the problem. Ankit Varmani spent time as an analyst at JPMorgan. Deepak Sharma is an engineer trained at the Indian Institute of Technology. They started the company in 2024.

Pinegap sells to the buy side, meaning hedge funds, mutual funds and similar investment firms. Its platform lets those teams stand up customized AI agents shaped around how each firm actually does its research, including its own methodology, its proprietary datasets and the formats its reports have to follow. That last detail matters more than it sounds in fintech tools aimed at investment teams, where output that does not match the house template creates work rather than saving it.

Adoption is already at some scale. More than 1,000 agents are deployed across over 100 institutional clients, and together they produce upwards of 50,000 research reports a month.

The new money goes toward sales and go to market hiring, additional engineering talent, and an internal team of former equity research analysts whose job will be helping institutional clients tailor their deployments.

The round follows a $2.5 million seed raised in 2024.