About Finpilot
Finpilot is a company based in Seattle (United States) founded in 2023 by Lakshay Chauhan and John Alberg.. Finpilot has raised $4 million across 2 funding rounds from investors including Madrona, Ascend and Madrona Venture Labs. Finpilot offers products and services including Chat Interface, Reports Generator, Actions Monitoring, Returns Database, and Exposures Analysis. Finpilot operates in a competitive market with competitors including Vyakya, eDoc Perso, ContaAyuda, Quikirr and Quota, among others.
- Headquarter Seattle, United States
- Founders Lakshay Chauhan, John Alberg
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4 M (USD)
in 2 rounds
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Latest Funding Round
$4 M (USD), Seed
Jan 11, 2024
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Investors
Madrona
& 2 more
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Employee Count
Employee Count
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Products & Services of Finpilot
Finpilot offers a comprehensive portfolio of products and services, including Chat Interface, Reports Generator, Actions Monitoring, Returns Database, and Exposures Analysis. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tool for querying document libraries with high accuracy.
System to create instant financial reports from documents.
Monitors documents for specified events and triggers actions.
Extracts and stores NAV data for reliable financial tracking.
Analyzes document disclosures for accurate exposure insights.
Funding Insights of Finpilot
Finpilot has successfully raised a total of $4M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $4 million completed in January 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $4.0M
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First Round
First Round
(02 Jun 2023)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Seed - Finpilot | Valuation | Madrona Venture Group | |
| Jun, 2023 | Amount | Debt – Convertible - Finpilot | Valuation | Madrona Venture Labs , ASCEND |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Finpilot
Finpilot has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Madrona, Ascend and Madrona Venture Labs. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investing in AI, biotech, and technology sectors, focusing on seed and early stages in Seattle and beyond.
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Founded Year | Domain | Location | |
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Ascend is recognized as a pre-seed venture capital fund based in the Pacific Northwest.
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Founded Year | Domain | Location | |
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Early-stage company incubation and investment support are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Finpilot
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Finpilot
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Finpilot Comparisons
Competitors of Finpilot
Finpilot operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vyakya, eDoc Perso, ContaAyuda, Quikirr and Quota, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based risk monitoring and data management solutions for accountants
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| domain | founded_year | HQ Location |
Serves as an accounting and document management platform for businesses.
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| domain | founded_year | HQ Location |
Finance and accounting service provider for SMBs.
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| domain | founded_year | HQ Location |
AI platform for processing and analyzing financial data for M&A professionals.
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| domain | founded_year | HQ Location |
AI-based financial planning and analytics solutions are offered for accountants.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Finpilot
Frequently Asked Questions about Finpilot
When was Finpilot founded?
Finpilot was founded in 2023.
Where is Finpilot located?
Finpilot is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Who is the current CEO of Finpilot?
Lakshay Chauhan is the current CEO of Finpilot. They have also founded this company.
Is Finpilot a funded company?
Finpilot is a funded company, having raised a total of $4M across 2 funding rounds to date. The company's 1st funding round was a Debt – Convertible of $500K, raised on Jun 02, 2023.
What does Finpilot do?
Finpilot was founded in 2023 in Seattle, United States, as an AI-based chatbot tool targeted at the financial sector. Financial data is scoured, companies are analyzed, reports are generated, and visualizations are created from verifiable sources by users. Additional solutions are provided for communication tools and document management, supporting operations for financial analysts in a professional environment.
Who are the top competitors of Finpilot?
Finpilot's top competitors include Vyakya, ContaAyuda and Booqee.
What products or services does Finpilot offer?
Finpilot offers Chat Interface, Reports Generator, Actions Monitoring, Returns Database, and Exposures Analysis.
Who are Finpilot's investors?
Finpilot has 3 investors. Key investors include Madrona, Ascend, and Madrona Venture Labs.
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