Categories: FC

OnDeck Venture leads 5.5M fund raise for AI-Powered crypto trading platform Sumosignals.

Tokyo, Japan, 24th Jul 2022, Today SumoSignals Ltd. has introduced the concept of Arbitrage System that enables investors to buy cheap and sell expensive with the aid of AI which OnDeck Venture leads the $5.5M fund raise.

Major investors of this fund-raising round are Hongkong-based OnDeck Venture.

Samson Lee, Partner at OnDeck Venture, said, “We had never seen such an intelegent AI that can pick signals from a extreme bear market, We’re looking forward to working with them for a long time.”

SumoSignals released several AI Robots for Trading Cryptocurrencies. These robots employ artificial intelligence to sift through hundreds of cryptocurrencies in search of patterns that signify buy or sell signals. These AI robots can escape from a place with a trailing stop. These AI robots want to lower average losses while raising average profits. These AI Robots open positions with sophisticated AI abilities and filter them using AI Predictions and other in-house metrics. 

Andrew Smith, the Co-Founder (CEO), and Naohiko Yamamoto, the CTO in SumoSignals, told their firm that this new platform is the first cryptocurrency trading Signal provider that use a shopisticated AI to find the most promising Signals, even in a bear market.

Features of SumoSignals are not limited to; 

  • The feature of algorithmic trading systems, also known as mechanical trading systems, algorithms, automated trading, or AI trading, provided by SumoSignals allows for the creation and execution of trade entry and exit rules by a computer on an automatic basis. Indeed, according to several platforms, between 70% and 80% of all trading activity is carried out using automatic trading algorithms, but the SumoSignals signal accuracy is as low as 97.13%
  • Assist to offer solutions to all lost issues and avoiding any potential risks related to smart arbitrage contracts
  • One of the most appealing features of SumoSignals’ approach to automation is its capacity to lessen some of the emotions related to trading by automatically completing trades when specific criteria are satisfied.

About SumoSignals

SumoSignals, based in Japan, also registered in the UK, has fund-raised a $5.5m seed fund by OnDeck Venture and will use the best part of it to invest in the AI technology to finetune their algorithm to find the most profitable trading signals and scale their business globally. 

Visit the official website for updates and other information.

Media Contact

Organization: Sumo Signal Ltd.

Contact Person: Matthew Jackman

Email: Send Email

City: Tokyo

Country: Japan

Website: https://sumosignals.com

The post OnDeck Venture leads 5.5M fund raise for AI-Powered crypto trading platform Sumosignals. appeared first on King Newswire.


Information contained on this page is provided by an independent third-party content provider. eTrendystock make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact contact@etrendystock.com

KNW

Recent Posts

Discover how XRP users are making $6,700 per day with Blockchain Cloud Mining.

Breaking the traditional trading model, cloud mining has become the new favorite in the crypto…

8 hours ago

How XRP holders can earn daily passive income through OPTO Miner

London, UK, 18th August 2025, ZEX PR WIRE, In the face of increasingly volatile cryptocurrency…

8 hours ago

APT Miner: Earn up to 777XRP per day – Start passive income easily

New York, 18th August 2025, ZEX PR WIRE, In today’s volatile crypto market, the growing…

8 hours ago

XRP Has Become A Golden Entry Point – Ripplecoin Mining Converts XRP Into Daily Income

Toronto, Canada, 18th August 2025, ZEX PR WIRE, In the ever-changing cryptocurrency market, opportunities often…

17 hours ago

GoodWares Launches the First Collaborative ERP to Unlock Europe’s €900B Seller Economy

Sint Joost, Netherlands, 18th August 2025, ZEX PR WIRE, GoodWares is launching the first blockchain-powered ERP…

18 hours ago

BK8 Launches BK8.io: A Bold Entry into the Crypto Casino Space

 Malaysia, 18th August 2025, ZEX PR WIRE, BK8, one of the largest and most trusted…

18 hours ago