NEW YORK, Oct. 5, 2020 /PRNewswire/ — Fractal, (fractal.ai), a global leader in artificial intelligence and analytics, powering decisions in Fortune 500 companies, today announced that one of its subsidiaries, Theremin.ai, has raised funds from OLMO Capital. The funds will be used for building its algorithmic investment product and for expanding its talent.
Founded in early 2019, Theremin.ai uses deep reinforcement learning to drive quantitative investment strategies for the Indian and Asian capital markets. Theremin’s cutting-edge technology platform identifies unique alpha investment opportunities in financial markets incorporating both conventional and alternate data sources.
“Theremin.ai’s focus is to generate high-value alpha investment strategies and hence there is a need for large datasets, exhaustive research, and specialized talent. This round of financing will help us to continue investing in these areas,” said Hemant Kothavade, Founder & CEO, Theremin.ai.
“We set up Theremin.ai to test whether our algorithms could find