Sumo Signals, a UK and Japan-based Crypto startup announced that it raised $5.5 Million in its recent round of funding led by Hong Kong-based prominent investor OnDeck Venture.
The successful funding round is a clear indication of the company's strong growth prospects powered by its pioneering AI-based technology.
These funds will allow Sumo Signals to fuel further product development and hire talent.
Company: Sumo Signals Ltd
Raised: $5.5M
Round: Unknown
Funding Month: July 2022
Lead Investors: OnDeck Venture
Additional Investors:
Company Website: https://sumosignals.com/
Software Category: AI-Powered arbitrage trading indicators
About the Company: Developed by Japanese engineers, Sumo Signals provides unique AI-Powered arbitrage trading indicators that help crypto traders execute profitable trades. Arbitrage trading takes advantage of minor price differences of the same asset in different markets with short-term price variations. Sumo Signals' vision is to build a robust product that enables crypto traders to log in to our dashboard, select trading strategies based on our proprietary AI-powered algorithms, and maximize their profit while minimizing the risks at the same time. Sumo Signals is a registered and regulated company in the UK.
Source: https://www.globenewswire.com/news-release/2022/07/27/2486768/0/en/AI-Powered-Crypto-Start-up-Sumo-Signals-Closes-5-5-Million-Funding-Round-Led-by-OnDeck-Venture.html