Finpilot, a Seattle startup building AI agents for institutional investors, raised a $10 million Series A on 4 November 2026, led by Lobby Capital with participation from Madrona, according to the announcement. Fintechbits checked Finpilot’s February 2024 announcement of a $4 million seed round for a finance-specific AI model, so the Series A is two and a half times the seed and the pitch has moved from analysts to institutional investment teams. Its named users include Seattle Children’s, Hackensack Meridian Health, TIFF, Blue Cross Blue Shield and the Wyoming Retirement System.

What Finpilot Does

The platform keeps a single record of what an institution owns and the documents behind it, then runs agents that read incoming reports, update figures, prepare analysis and flag changes, with every number traced to its source. That targets a real problem for these teams: endowments and pensions receive private fund reports as PDFs and rekey the numbers by hand.

Eric Carlborg, general partner at Lobby Capital, said these institutions “rarely change their systems”. The company says it will use the money to hire across client success, product, marketing, sales and engineering. Fintechbits has also covered private markets tooling in its Savvy Wealth piece.

The client list is unusual for a Series A company: Children’s Health of Dallas and Seattle Children’s are hospital systems with large investment pools, and the Wyoming Retirement System is a public pension. Sabrina Albert, partner at Madrona, which also backed the earlier round, said the growth since the seed has deepened its conviction. The agents bring people in when a decision needs human judgment, a design choice that matters for fiduciaries who answer to boards and regulators. The test for Finpilot is whether it can sell to many more institutions with $10 million before larger portfolio software vendors build the same features.