Halluminate raises $30 million to build AI training environments for financial work
Halluminate, a nine-person San Francisco startup building AI training environments for financial work, has raised $30 million in a Series A led by Oak HC/FT, bringing its total funding to $38.5 million. On its August benchmark, seven frontier models worked through a simulated due-diligence process for a company acquisition, and the highest average score was 51%. CEO Jerry Wu told Fortune that four of the top five closed-source U.S. AI labs are paying customers.
NoteA top score of 51% on deal due-diligence tasks is a useful reality check for banks and private-equity firms weighing AI agents: the agents struggled to carry instructions through to the final deliverable.
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