Key facts
- EquiLibre Technologies is a new AI lab.
- The startup was founded by former DeepMind researchers.
- These researchers previously developed a poker-playing AI.
- EquiLibre Technologies applies reinforcement learning to financial markets.
- The company is based in Prague.
- EquiLibre Technologies has a valuation of $500 million.
- This valuation was achieved after a Series A funding round.
- The Series A funding round was led by Creandum.
- EquiLibre Technologies trades billions of dollars daily.
- The company trades across the S&P 500 and NASDAQ.
EquiLibre Technologies, a new AI lab, has emerged from stealth mode, founded by former DeepMind researchers renowned for their work on poker-playing AI. The company is focused on applying reinforcement learning techniques to financial markets. Based in Prague, EquiLibre has secured a valuation of $500 million after completing a Series A funding round. This funding round was led by the venture capital firm Creandum. EquiLibre Technologies trades billions of dollars daily, with its operations spanning across the S&P 500 and NASDAQ indices. The startup's application of advanced AI, specifically reinforcement learning, to the complexities of financial trading represents a significant development in the fintech sector.