Finpilot, a Seattle company that makes software for the teams that invest money on behalf of pensions, hospitals and foundations, raised $10m in a Series A round announced on 4 November 2026.
Lobby Capital, a Bay Area venture firm, led the round. Madrona, which led Finpilot's seed round in 2024, also took part. The company did not disclose a valuation or revenue.
According to TheSaaSNews, which cited GeekWire, Finpilot was founded in 2023 and has raised about $14.5m in total, including a $4m seed round.
“Finpilot's job is to take the routine work off their plate so they can focus on those decisions.”Lakshay Chauhan, founder and CEO, Finpilot
What Finpilot does
Finpilot sells to institutional investment teams: university endowments, public pensions, foundations, hospital systems, insurers and family offices. Madrona listed the work its agents take on as manager research, analysis and reporting, due diligence and monitoring of positions.
The company calls its product an AI-native operating system for institutional capital. It pulls an institution's holdings, documents, meetings and research into a single record. AI agents then work on that record: they read manager reports, update figures, prepare analysis and keep track of changes in positions. Each figure links back to the document it came from, and the agents hand off to staff when a decision needs human judgment.
"Finpilot's job is to take the routine work off their plate so they can focus on those decisions," said Lakshay Chauhan, Finpilot's founder and chief executive, in the announcement. FinTech Global reported the same structure, with agents passing work to people at points where judgment is required.
Who uses it
Finpilot named Seattle Children's, Children's Health of Dallas, Hackensack Meridian Health, the outsourced investment firm TIFF, Blue Cross Blue Shield and the Wyoming Retirement System as customers. It did not say how many institutions use the software or how much they pay.
In a blog post, Madrona said Finpilot began as a research tool for individual analysts and has become software that whole investment teams use. Eric Carlborg, a general partner at Lobby Capital, said in the announcement that the institutions involved seldom switch systems, which he presented as a sign that they were adopting Finpilot as a core platform.
Who is behind it
Chauhan has worked in machine learning since 2016, according to Madrona, and built machine-learning and quantitative research systems at the investment firm Euclidean before he started Finpilot. TheSaaSNews named John Alberg, Finpilot's executive chairman, as a co-founder.
Sabrina Albert, a partner at Madrona, wrote that the firm was doubling down after the growth it had seen since the seed round. Madrona did not publish usage or revenue figures to support that.
What the money is for
Finpilot said it will use the funding to grow its team and to extend its agents so they can handle more of the work its clients ask for. It is hiring in engineering, product, client success, sales and marketing. The company did not disclose its current headcount.
Finpilot did not publish any measures of how much time its agents save its clients, and it did not say how many people use the software inside each institution. Its announcement and the investor statements describe adoption in terms of named customers rather than figures.
Company website: finpilot.ai