Financial data intelligence platform Ignosis has raised $4 million (about Rs 35.5 crore) in its pre-series A funding round led by Peak XV Partners' Surge.

The funding also saw participation from Force Ventures, Razorpay Ventures, Cred CEO Kunal Shah, and existing investors.

Founded in 2022 by Nirav Prajapati and Chintan Sheth, Ignosis operates as an account aggregator infrastructure and financial data intelligence platform that enables banks, NBFCs, insurers, and wealth managers to make more accurate underwriting and advisory decisions. The startup's AI stack analyzes this data to deliver income detection, fraud and risk signals, and personalized insights. Ignosis claims to be working with more than 125 financial institutions.

The startup said it will use the funds to expand its engineering, business, and compliance teams. Key growth priorities include driving hyper-personalisation through financial data intelligence and building finance-specific LLMs and agentic AI use cases for BFSI, the company said in a statement.

With this new round, the Ahmedabad-headquartered firm has raised $5.5 million in funding till date.

Ignosis, which is a 35-member team, claims that it turned profitable in FY25.