EquiLibre Technologies, based in Prague and started by three former DeepMind researchers, has completed a Series A funding round led by Creandum, bringing its valuation to over $500 million.
Creandum says this is the largest investment it has ever made in one company.
EquiLibre says its AI agents trade billions of dollars each day on the S&P 500 and Nasdaq, but other companies also claim to have similar technology, challenging EquiLibre’s claim to be first.
The founders of EquiLibre Technologies, who previously built an AI that beat professional poker players, are now using their skills in financial markets. Martin Schmid, Rudolf Kadlec, and Matej Moravcik started the company in Prague in December 2021.
EquiLibre just closed a Series A round led by Creandum at a valuation of over $500 million. Creandum has not shared the size of the round, only the valuation and that it is their largest investment in a single company.
