Nyquist Nyquist
CLOSED BETA · 2026 Start a 60-day pilot
Why Nyquist

The stack under finance was built for humans. The next one isn't.

Every institution runs its risk-and-research on tools nobody designed for AI. The incumbents are priced for the top and assume humans orchestrate. What a PM under $500M AUM gets instead: a ticker in at the close and a debated call by the open, the whole book repriced overnight, and every number opening to the filing and the tick behind it — built for agents, audit-grade, priced for the mid-market. That gap is the opening.

★ ProblemGlue, not a platform
★ Why nowAgents can finally operate
★ EdgeBuilt inside the regulator
01   The problem

Risk-and-research runs on tools nobody designed for AI.

  • ↗ 01
    The buy-side stack is glue. Jupyter, Excel, Bloomberg, Python — none designed for agents.

    An LLM bolted on top adds a seam, doesn't close one. Every new question becomes another script someone has to maintain.

  • ↗ 02
    Regulators run on hand-coded SQL. The largest supervisors build in-house.

    No vendor ships suptech with audit trails procurement accepts. Every supervisor hits the same wall.

  • ↗ 03
    Incumbents are priced for the top. Aladdin & Barra: $500K–$2M/yr, six-month implementations.

    Hebbia and Rogo do document Q&A, not the full lifecycle. Everyone else self-builds and pays the salary bill forever.

Legacy stack — six vendors, one Excel.

Drift quarterly. No audit trail. Brittle handoffs at every seam. Each red marker is a place data gets dropped on the floor.

Excel risk.xlsx · VaR · factors Manual
Bloomberg market data · $30k/seat $$$
PMS / OMS positions · thin risk Fragmented
3rd-party risk batch · no intraday Slow
SharePoint v14 of v12 template Manual
Nyquist one model · one compute · one log → shipped
02   Why now

Agents can finally operate, not just chat.

01

Models cross the operator threshold

Tool-use and reliable reasoning have reached the point where an agent can run a stress test and defend the number — not just summarise a document.

★ Tool-use · reliable
02

Institutions must adopt

Boards now ask how AI is used in risk. The demand is top-down — but the audit-grade, on-prem product they can actually buy doesn't exist yet.

★ Demand · top-down
03

The audit bar excludes toys

Regulated buyers can't ship a black box. Reproducibility and lineage are table stakes — which is exactly where general-purpose AI tools fall down.

★ Audit · table stakes
03   Vs incumbents

Terminals are news + chat. Risk platforms assume humans orchestrate.

Nyquist is the agent layer that uses them as inputs — full investment lifecycle, full supervisor toolkit, one engine. Underneath: a typed financial ontology with end-to-end lineage from filing to number.

Capability Terminal dataIncumbent risk platformsDoc-AI / Q&A toolsNetwork analytics Nyquist
Full quant primitives via 3rd partypartial
Document research + AI Q&Apartialpartialpartial
Multi-agent swarm roadmappartial
MCP server · agent-callable partial
Own domain SLM partialplanned
On-prem deployment partial
Multi-layer contagion partialpartial
Regulator workflow partial
Typed ontology + lineage partialpartial
Built for funds under $500M AUM

Terminals are news + data + chat. Incumbent risk platforms assume humans orchestrate. Doc-AI tools do document Q&A. Network-analytics vendors do AML graphs.

Nyquist is the agent layer that uses all of them as inputs — full investment lifecycle, full supervisor toolkit, one engine.

A narrow wedge. The whole industry underneath.
Vertical integration — one model, one compute, one audit log.
04   The team

Built from inside a financial mega-regulator.

The people who validated bank IRB models and built supervisory tooling are now building the product they wished existed — which is why the audit trail and the on-prem posture were there from line one, not retrofitted.

Origin
Four years inside the Bank of Russia · three departments
Domain
IRB model validation · ICAAP · supervisory analytics
Edge
We know exactly what a supervisor's review will and won't accept
Data
Cbonds — planned source · design partners wanted for the beta
Setup
Remote · distributed

Full founder & team detail on the Team page →

For investors

If this is your thesis too —

We talk to a small number of investors who understand institutional finance and infrastructure. The fastest path is a direct intro.