Business model of Trove AI

Aspect	Details
How Trove AI Started	Founded in 2023 (formerly Mako) by Danny Goldman (CEO, ex-Bain Private Equity) and Shivaal Roy (CTO, founding engineer at Glean). Built by team from Bain PE, Glean, Scale AI, AWS, and Stanford to solve manual deal work inefficiencies.
Present Condition	Raised $7.1M seed funding (October 2025) led by Menlo Ventures, with Khosla Ventures backing. Total funding: $9M. Deployed at major PE firms including Shamrock Capital. Users engage 12+ times weekly, with 86% usage growth in 3 months.
Future of Trove AI & Industry	Expanding to more PE firms with enhanced AI agents. Private equity AI market growing rapidly as 25% of global economy ($15+ trillion) adopts automation. Foundation models enabling transformation of financial workflows with proper security and specialization.
Opportunities for Young Entrepreneurs	Growing demand for vertical-specific AI solutions in finance. Need for domain experts who understand both industry pain points and AI capabilities. Enterprise AI security, knowledge graph architecture, and workflow automation present major opportunities.
Market Share of Trove AI	Early-stage startup in nascent private equity AI market. First-mover advantage as “world’s first AI teammate for PE.” Competing in emerging enterprise AI segment against generic tools lacking PE-specific features. Exact market share undisclosed (seed stage).
MOAT (Competitive Advantage)	1) Proprietary knowledge graph designed specifically for PE operations. 2) Cloud-prem deployment (runs in customer’s private cloud with SOC 2 Type II compliance). 3) Deep PE domain expertise from founding team. 4) Multi-agent architecture that executes end-to-end workflows autonomously.
How Trove AI Makes Money	B2B SaaS model serving private equity firms. Likely subscription-based pricing per firm or per user. Platform integrates with firm’s internal systems, charging for access to AI agents that automate deal work, portfolio reporting, and data analysis. Specific pricing undisclosed.