Endex, a startup creating an AI agent for Microsoft Excel, has raised $14 million from OpenAI's startup fund. The tool aims to assist finance professionals by processing data and handling financial tasks. CEO Tarun Amasa emphasized the need for structured thinking and deep analysis in finance. He envisions a future where digital analysts augment workflows across firms. The development process involved significant collaboration with OpenAI, and while the reception from Microsoft as a potential competitor remains unclear, they have a history of investment in OpenAI.
"Finance professionals don't just need search results; they need structured thinking and deep analysis," said Tarun Amasa, CEO of Endex and recipient of the Thiel Fellowship, in a statement. "We envision a future where every firm has access to teams of digital analysts, seamlessly augmenting time-intensive workflows."
Endex said the tool would be capable of hour-long tasks and "change how financial analysts do work."
Based on OpenAI's blog post, Endex is powered by OpenAI's reasoning models.
In a video that Amasa posted on X to announce Endex's product launch on Wednesday, a screen displaying the word "Microsoft Excel" was replaced after a screen glitch to display "Endex," followed by a brief demonstration of how the AI agent works by Amasa.
Collection
[
|
...
]