Eloquent AI, a startup based in San Francisco, California, has successfully raised $7.4 million in seed funding to advance its mission of automating complex customer service workflows within the financial services sector. The funding round was spearheaded by Foundation Capital, a reputable venture capital firm from Silicon Valley, with participation from EJF Ventures, Duke Capital Partners, Zeno Ventures, and Y Combinator. Foundation Capital, established in 1995, manages assets exceeding $6 billion and boasts investments in over 400 companies, with more than 120 successful exits.
Eloquent AI plans to allocate the newly acquired funds to enhance its engineering team, broaden its product capabilities for regulated financial workflows, and expand the reach of its proprietary Oratio large language models across sectors such as banking, fintech, insurance, and trading. Founded by Tugce Bulut and Aldo Lipani, the company offers an AI-driven platform that simplifies complex financial service operations without the need for APIs or engineering expertise. Headquartered in San Francisco, Eloquent AI aims to deliver precise and scalable AI solutions that businesses can rely on. Currently, the company serves 10 clients and has a waitlist of 154 eager to benefit from its innovative technology.
