Company:Clone Algo Inc
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| Type | Public |
|---|---|
| Industry | Artificial Intelligence and Algorithms |
| Founded | Nevada, United States (February 22, 2010) |
| Headquarters | Nevada , U.S. |
Area served | Worldwide |
| Products |
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| Website | clonealgo |
| Footnotes / references [1] | |
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.
Clone Algo Inc issued shares in its preliminary filing.[2]
History
Clone Algo Inc is a technology firm incorporated in Las Vegas, Nevada on February 22, 2010[citation needed].
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.[citation needed]
Business
The corporation has four major businesses:
Financial Technology Business
- Clone Algo Smartphone application
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.[3][4]
Algorithmic Technology for Insurance
- Algo Shield Insurance Policy:
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,[5][6]
References
- ↑ "SECURITIES AND EXCHANGE COMMISSION FORM 8-K Clone Algo Inc". United States Securities and Exchange Commission. July 24, 2014. https://www.sec.gov/Archives/edgar/data/1498388/000121390014005124/f8k072414_clonealgo.htm. Retrieved July 24, 2014.
- ↑ "Clone Algo Inc NASDAQ filling". CNBC. July 25, 2014. http://money.msn.com/business-news/article.aspx?feed=PZ&Date=20140725&ID=17805971&topic=TOPIC_FINANCING&isub=1. Retrieved July 25, 2014.
- ↑ "Clone Algo Smartphone Application". App Brain. 20 April 2014. http://www.appbrain.com/app/clone-algo/com.algocloudltd.vitotrading.
- ↑ "Clone Algo Smartphone Application Algorithms". Medium. 3 September 2014. https://medium.com/@KaushalYamini/algo-trading-with-clone-algo-smartphone-app-czen-algorithm-cdcd41bd1f62.
- ↑ "Clone Algo Inc NASDAQ Filling". Globe News Wire. July 24, 2014. http://globenewswire.com/news-release/2014/07/25/653456/10091173/en/Clone-Algo-Inc-Completion-of-Round-A-of-US-40-Million.html. Retrieved July 24, 2014.
- ↑ "Completion of Round One of $40 Million". CNBC. July 25, 2014. https://www.cnbc.com/id/101866940#. Retrieved July 25, 2014.
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