Linq Raises $6.6M to Simplify Research with AI

Linq raises $6.6 million to employ artificial intelligence to simplify research for financial professionals. When generative artificial intelligence tools began to make waves in late 2022, following the launch of ChatGPT, the finance industry was one of the first to recognize the potential of these tools to speed up the process of data collection and study. In the end, speed is of the utmost importance when you are providing advice to investors who are required to react rapidly to developments in the market.

A startup company known as Linq is now entering this market with an artificial intelligence agent that is capable of automating a variety of tasks that are necessary for financial analysis and research. The company has successfully raised $6.6 million in a funding round that was led by InterVest and Atinum, with participation from TechStars, Kakao Ventures, Smilegate Investment, and Yellowdog companies.

After winning the Samsung Open Collaboration in 2023, an accelerator-like program held by Samsung Financial Network, Jacob Chanyeol Choi and Subeen Pang, both of whom had previously attended the Massachusetts Institute of Technology, established Linq. In an interview with TechCrunch, Choi stated that the victory inspired him to develop large language models (LLMs) for businesses, notably those in the financial sector.

According to Linq, an artificial intelligence company based in Boston, its AI agent utilizes domain-specific search (in this case, finance) and big language models to automate a wide range of tasks, including communication and scheduling, as well as studying research reports and constructing financial models.