Linq's AI agent can also summarize securities filings, earnings reports, and call transcripts. The company, which already works with Samsung Financial Network and more than 20 other enterprise customers, aims to provide a productivity boost for hedge fund analysts and institutional investors. Linq also plans to build B2C tools for AI equity research, which will help portfolio managers make informed investment decisions by synthesizing vast amounts of data.
Key takeaways:
- Linq, a startup founded by MIT alumni Jacob Chanyeol Choi and Subeen Pang, has raised $6.6 million in a funding round for its AI agent that automates tasks required for financial analysis and research.
- The AI agent uses domain-specific search and large language models to automate tasks such as scheduling, communication, scanning research reports, building financial models, and summarizing company-specific information.
- Linq plans to offer both B2B services for enterprise clients and B2C tools for AI equity research, aiming to support portfolio managers in making informed investment decisions.
- The startup already has a number of high-profile customers, including Samsung Financial Network and KPMG US, and plans to use the new capital for product development, hiring, and expansion into the Americas, Asia, and the Middle East.