Pennant raises $5M seed led by Urban Innovation Fund to build AI for corporate governance
ycombinator · x · 2026-10-21
Pennant, a YC-backed startup, announced a $5M seed round led by Urban Innovation Fund with participation from Y Combinator and angels with ties to OpenAI, NVIDIA, Marvell, Legal & General and Kirkland & Ellis.
- Founders met at Cornell 15 years ago and started together at BlackRock; one cast proxy votes at State Street
- Building the "world model for corporate governance," starting with proxy voting — connecting institutional research, voting policies and past decisions into an AI-native platform with growing institutional memory
- Clients already include US pension funds, institutional asset managers and governance/legal advisors; previously in the Palantir Startup Fellowship
- Hiring in New York
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