Pillar Raises $20 Million Seed Round Led By Andreessen Horowitz For Financial Risk Management Platform
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Building Size
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Asset Type
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Closing
Apr 15, 2026
About this deal
AI
Pillar, a financial risk management platform, has raised a $20 million seed round. The investment was led by Andreessen Horowitz and included contributions from Crucible Capital, Gallery Ventures, and Uber CEO Dara Khosrowshahi. This round brings the company’s total funding to $23 million.
Summary of transaction details:
- Deal Type: Seed
- Transaction Amount: $20,000,000
- Founders: Harsha Ramesh & Chinmay Deshpande
- Headquarters: New York
- Notable Investors: Andreessen Horowitz, Crucible Capital, Gallery Ventures & Dara Khosrowshahi
Pillar was founded in 2023 by CEO Harsha Ramesh and CTO Chinmay Deshpande. The company utilizes AI technology to analyze data from various sources such as contracts, ERP systems, and messaging apps, aiming to streamline the hedging process for smaller and mid-sized enterprises.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93