Type Public Website clonealgo.com Founded 2013 | Area served Worldwide Founder Niraj Goel | |
 | ||
Industry Artificial Intelligence and Algorithms Products Clone Algo
Clone Algo DIY
Clone Algo PRO
Algo Shield Insurance
Algo TV Headquarters North Carolina, United States | ||
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Clone Algo Inc is an American multinational corporation headquartered in Las Vegas, Nevada, US. A technology company, it primarily creates algorithms based on artificial intelligence for mobile applications.
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Clone Algo Inc issued 707,646,696 shares of common stock and 150,000,000 shares of preferred stock in its preliminary filing.
History
Clone Algo Inc is a Technology firm incorporated in Las Vegas, Nevada, US on 22 Feb 2010. Our headquarter operations is based in Singapore and we develop artificial intelligence (AI) trading systems for financial markets using time tested algorithms combined with timing technology and risk management systems.
Clone Algo Inc is primarily an R&D technology firm investing heavily in AI and algorithm technology for financial trading. We research timing sciences, develops algorithms and risk management system based on AI. We continuously invest in R&D to develop sustainably stable AI algorithm trading system.
The company intends to list on NASDAQ and is currently raising US$250m for Round C, as pre-IPO round.
The corporation holds the following brands, under its umbrella: Clone Algo DIY, Clone Algo App, Clone Algo PRO, Algo Shield Insurance and Algo TV.
Business
The corporation has four major businesses:
Financial Technology Business
The application is a Social Trading platform for FX, futures, CFD`s and Gold. The trading platform ecosystem is based on artificial intelligence and non-predictive timing. The app allows users to easily Clone trades from a master account to users own account with connected brokers, banks and hedge funds.
Algorithmic Technology for Insurance
Trade Insurance is provided by Independent Insurance companies for algorithmic trading platforms
Algorithmic Technology for Media Services
Algo TV: TV channel delivers news regarding algorithms and algorithmic trading.
Corporate Affairs
In accordance with the rules for publicly traded companies, Clone Algo Inc is run by a board of directors, which comprises company outsiders. As of October 2015, the members of the board of directors of the company are Ms Yana Slatina - CEO,Ms Anna Becker - CTO, Mr Pily Wong - COO.
The company announced that it has raised US$40 Million in Round A funding at $8/share. The amount was raised due to the sale of 5 million ordinary shares of the corporation. Clone Algo has 707,646,696 shares of common stock as well as 150,000,000 shares of preferred stock, issued and outstanding,