What is Argonav?
We build the systems that run the middle market, and we run on them first.
Merchant Bank's technology and agentic-intelligence division: an industrial intelligence company. We build a company's ontology, the working model of what it owns, what it does and how it decides, and the agentic systems that run on it.
Where Argonav sits
Argonav is Merchant Bank's technology and agentic-intelligence division: an industrial intelligence company. We build a company's ontology, the working model of what it owns, what it does and how it decides, and the agentic systems that run on it. Within Keel, it aggregates approved operating, financial, transaction, communication and workflow information and deploys intelligence across Advisory, Partners, Capital and institutional workflows, giving Keel a current, connected information base for the operating work, capital processes, investment review and decisions it is executing. Within a client's business, Argonav delivers the Connected Company: a unified operating environment that brings the company's existing systems, financial and operating information, and decision workflows into one current view.
Internal first
The platform earns its keep inside
Merchant Bank before it works for institutions and founders who operate the way we do.We do not sell
We enter at the inflection points that set enterprise value and build the systems that move it.
What we are building toward
Agentic industrialism.
Present at every stage.
Every stage below sits inside Keel Merchant Bank, from the first assessment to the final transaction. What we build runs beneath all of them, and two stages are ours outright.
Advisory
We start inside the business and earn the operating picture everything else runs on.
Technology
Purpose-built systems make the operating model legible from day one.
Value creation
Performance improvement, executed alongside management.
Capital markets
Capital raised and structured for the moment, not the template.
Acquisitions
Principal capital acts on the conviction the inside view surfaced.
Integration
Systems and operators make the combination durable through the change.
Exit
Sell-side execution that owns the outcome to close.
The platforms
is the agentic operating system that runs the enterprise: one surface for deals, portfolio companies, capital partners, people, meetings and documents, with the data substrate, agent runtime and audit trail in one system. 
Merchant Bank runs on it as the first Connected Company. Offered to comparable institutions, not sold.
Itô is a thirteen-week view of a company's cash, rebuilt every week, where every number can be traced back to the record it came from. It reads the company's own accounting records and the finance team runs it. Every figure says what kind of figure it is, an unknown is never shown as a zero, and it never connects to a bank or moves money.
The divisions
Argo StudioArgo Studio is Argonav's engagement practice: the agentic systems it builds for companies beyond the firm. Where an operation is carrying too many manual steps, workflows that drag, or costly overhead, Studio builds the agentic systems that carry the load.
Argo VenturesArgo Ventures is Argonav's incubator; the most selective thing the firm does. When an Argo Studio build proves out a repeatable pipeline, Ventures co-founds a company around it: born on 
, capitalized from day one.
Meet the team
Argonav is built by operators with range: fluent across technology, finance and the domains between, they bridge the gaps most teams hand off.
The team page carries each operator's background, how the firm operates, and the Merchant Bank principals behind the division.
Built by operators, for operators.
Three commitments hold across every mandate, division and stage.
01 Connected
One platform across advisory, capital markets, and investment. The intelligence compounds and the surfaces reinforce each other; the accountable team does not change when the mandate does.
02 Mastery
Built by operators who ship systems, not analysts who describe them. The work is measured against a standard, not a clock.
03 Integrity
Accountable from the first assessment through the deployed outcome. We carry the result, not just the recommendation.
Common questions
What is Argonav?
Argonav is Keel Merchant Bank's technology and agentic-intelligence division: an industrial intelligence company. We build a company's ontology, the working model of what it owns, what it does and how it decides, and the agentic systems that run on it. Within Keel, it aggregates approved operating, financial, transaction, communication and workflow information and deploys intelligence across Advisory, Partners, Capital and institutional workflows, giving Keel a current, connected information base for the operating work, capital processes, investment review and decisions it is executing. Within a client's business, Argonav delivers the Connected Company: a unified operating environment that brings the company's existing systems, financial and operating information, and decision workflows into one current view.
What is Argo?
is the platform engine for Keel Merchant Bank: one surface for deals, portfolio companies, capital partners, people, meetings and documents. The data substrate, agent runtime and audit trail run in one system. Offered to comparable institutions.
What is Argo Studio?
Argo Studio is Argonav's engagement practice: the agentic systems it builds for companies beyond the firm. Where an operation is carrying too many manual steps, workflows that drag, or costly overhead, Studio builds the agentic systems that carry the load.
What is Argo Ventures?
Argo Ventures is Argonav's incubator; the most selective thing the firm does. When an Argo Studio build proves out a repeatable pipeline, Ventures co-founds a company around it: born on , capitalized from day one.
What is Itô?
Itô is deployed inside the company, for the CFO and the controller, and reads the company's own accounting records. It is a thirteen week cash flow surface the finance team runs every week. Every figure on it carries where it came from, and an unknown is never shown as a zero. It does not connect to bank accounts and never moves money.
What is Carina Research?
Carina Research is Argonav's research and data engine. Point it at a field; it collects, parses, organizes and consolidates everything known into structured, queryable, citable knowledge that drives the firm's decisions. Its first deployment is space.
What is the difference between Argo Studio and Argo Ventures?
Argo Studio builds agentic systems inside someone else's company; Argo Ventures builds the company itself. Studio is an engagement: Argonav builds the agentic systems that carry the load. Ventures is the selective next step, co-founding a new company once a Studio build proves out a repeatable pipeline.
Who runs Argonav?
Argonav is run by Managing Partners Alex W. Putzer (CTO) and Sean Koons (CPO), with Lee Cohen, Partner and VP Engineering, building the platform. A division of Keel Merchant Bank, it works with clients beyond the firm, backed by its principal-investing and operations expertise.
How does Argonav relate to Keel Merchant Bank?
Keel Merchant Bank is the parent firm. Argonav is its technology and agentic-intelligence division, the team that builds the agentic systems and the platform the firm runs on.