NovoJuris Legal advises on PineGap.ai Series A fundraise

PE / VC 5 Aug 2026· $8 million · Completed· ◔ Reported

PineGap.ai, founded in 2024 by Ankit Varmani (former JPMorgan analyst, 15+ years Wall Street experience) and Deepak Sharma (IIT alumnus, AI engineer), has built an AI agent platform automating equity research workflows for hedge funds, mutual funds, and RIAs. The company claims deployment of 1,000+ AI agents across 100+ institutional clients generating 50,000+ research reports monthly. Valuation increased 3x+ from the $2.5 million seed round (April 2024). Use of proceeds prioritizes go-to-market and engineering expansion in US markets, plus in-house hiring of former equity research analysts to improve agent customization for institutional client investment styles.

Why it mattersCross-border venture structuring into a Delaware-incorporated US SaaS company with Bangalore R&D hub; institutional venture round for fintech/AI agent platform reflects investor appetite for specialized enterprise AI workflows solving vertical-specific domain problems (equity research automation).
CounselNovoJuris Legal
SectorTechnology
Value$8 million
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