The Seattle startup is replacing manual investment reporting with AI agents and has attracted approximately 28 institutional customers.
Finpilot has raised $10 million in a Series A led by Lobby Capital, with participation from existing investor Madrona.
The financing, announced November 4, brings the Seattle company's total funding to approximately $14.5 million.
Finpilot develops AI agents for institutional investors, including pension funds, hospital investment offices, foundations and organizations managing capital on behalf of those institutions.
The company says revenue has grown tenfold since the beginning of 2026.
Automating Institutional Investment Operations
Institutional investors often allocate capital across dozens or hundreds of external investment managers.
Each manager produces financial reports, portfolio updates, capital notices and other documents that investment teams must process.
Much of this information arrives as PDFs, spreadsheets and unstructured communications.
Finpilot consolidates that information and uses AI agents to extract data, prepare reports and identify changes requiring attention.
An agent might review quarterly updates from 35 private equity managers and identify the three developments that deserve an analyst's attention.
The platform connects to existing portfolio management systems and document repositories, while allowing teams to trace extracted figures back to their sources.
A Pivot That Changed the Business
Finpilot was co-founded by CEO Lakshay Chauhan and John Alberg, who serves as executive chairman.
The company originally developed AI tools for analysts researching publicly traded companies.
In 2024, it shifted its focus toward institutional capital allocators, where information is less standardized and traditional research systems are often fragmented.
The change created a more specialized market for its technology.
According to GeekWire, Finpilot now has approximately 28 institutional customers, including Seattle Children's, the Wyoming Retirement System and investment advisory firms.
Chauhan said the company had not lost a customer at the time of the financing.
That is a company-reported retention figure, not an independently audited metric.
Scaling a Specialized AI Business
Finpilot currently has approximately 14 employees and plans to expand hiring, particularly in customer implementation and commercial roles.
The company must compete with established investment management software providers as well as general-purpose AI assistants.
Its potential advantage lies in handling recurring, domain-specific workflows where reliable data and traceable results matter more than conversational ability alone.
The Series A will fund product development and customer expansion.
The larger opportunity is becoming an operational system for institutions managing billions of dollars in assets without requiring investment professionals to spend most of their time processing documents.
Source: GeekWire