August
August is in a16z speedrun SR006. Based in Tel Aviv, Israel. Team of 3, founded in 2025.
Facts
- Tel Aviv, Israel
- 3
- 2025
About August
Summary
August is a Tel Aviv-based fintech company, founded in 2025, that builds AI-powered software for commercial banking operations. The platform targets core banking workflows such as underwriting, loan servicing, and risk management, replacing or augmenting manual processes with domain-specific AI agents. As the system is used, it appears to build a proprietary context layer that grows more capable over time. August was founded by a three-person team of veterans from Israel's Unit 8200 intelligence corps, who previously developed AI systems in a military context and are now applying that expertise to the financial sector. The company appears to have already deployed its platform at a major bank with over $170 billion in assets.
Business model
August appears to operate on a B2B software model, likely charging financial institutions through subscription or usage-based pricing tied to the banking workflows its AI agents handle. Revenue potential likely scales as more banking processes are automated and the platform's proprietary context layer deepens with usage.
Go-to-market
August targets commercial banks as its primary customers, with a sales motion likely focused on direct enterprise relationships given the complexity and sensitivity of banking workflows. Early traction at a large institutional bank suggests a top-down, high-touch sales approach aimed at procurement and technology decision-makers within financial institutions. Customer acquisition likely relies on founder-led outreach and referrals within banking and fintech networks.
Founders (2)
- Bar Ittah
- Tom Tankilevitch
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