GenAI for Hedge Funds Startups

An incomplete survey

I've been writing less frequently due to a new engagement. Lately, I've been focused on how hedge funds are using AI and LLMs—both to boost productivity and generate alpha. I've met with many of the startups in this space and developed strong views on what’s working and what isn’t. The range of founders is striking—from LLM PhDs to ex-hedge fund analysts learning to code on the job. No clear winner has emerged yet. At some point, I hope to share my own take.

In the meantime, I wanted to share a list of startups I have come across. This is a non-exhaustive list — if I have missed one, please message me:

Indeed, Cunningham’s Law states:

the best way to get the right answer on the internet is not to ask a question; it's to post the wrong answer.

With your help, I hope to compile a complete list and update this post. If you are an engineer and looking to work in this space, please also reach out to me¹.

So with that in mind, I list out an incomplete list of startups building AI products for hedge funds, at least partially focused on public equities by my arbitrary judgement. I avoid already well-known vertical software providers adopting AI features.

• Aiera

• AlphaWatch AI

• AQ22

• Brightwave

• Current

• Daloopa

• Dili AI

• DiligentIQ

• EarningsEdge.ai

• Endex

• FinChat

• Finpilot

• Finster AI

• Fintool

• Fira

• Formula Insight

• Hebbia

• Hudson Labs

• Implied

• Invesst

• Keye

• LinqAlpha

• Matterfact

• Metal

• Midas AI

• Nosible

• Octagon AI

• OpenBB

• Pascal AI Labs

• Permutable AI

• Plux

• Portrait Analytics

• Quantly

• Quill AI

• Reflexivity

• Rogo

• Rowspace AI

• Samaya AI

• SEC Insights

• Six AI (Six HQ)

• StockInsights AI

• Structify

• Tenzing Memo

• Uptrends.ai

• Value Sense

1. I am particularly hiring Sr Frontend Engineers, experienced in Typescript, but have roles for many technical profiles.