Post by Today's Startup News

2,486 followers

Prague, Czech Republic-based EquiLibre Technologies has raised an undisclosed Series A funding round led by Creandum, valuing the frontier AI trading research lab at €438 million ($500 million). The oversubscribed financing round represents the largest single ticket Creandum has ever written into a single company, following historical investor support from Blossom Capital, Credo Ventures, Miton, and RockawayX. Founded in 2022 by former Google DeepMind researchers Martin Schmid (CEO), Rudolf Kadlec, and Matej Moravcik the elite trio that co-authored DeepStack, the first AI system to defeat human professionals at no-limit poker the 25-person team applies advanced game theory and self-learning models to financial markets. The fresh capital will completely go towards purchasing massive compute power to construct one of the largest specialized AI compute clusters in Central and Eastern Europe. By utilizing multi-agent reinforcement learning that continuously adapts through live trial and error rather than rigid static datasets, EquiLibre’s automated infrastructure already processes billions of dollars in daily trading volume across the S&P 500 and Nasdaq under an exclusive execution partnership with quantitative giant Tower Research Capital. #Startupnews #funding #ai #Fintech #QuantitativeTrading #SeriesA #DeepTech #ReinforcementLearning #MarketInfrastructure #EuropeTech

Post content