AlphaBlock, a Toronto based General Artificial Intelligence (AI) company building investment management solutions for pension funds, family offices, hedge funds has received an undisclosed investment from Real Ventures which is a Canadian early-stage venture capital firm. AlphaBlock has a listed solution on Nasdaq and will be using the investment to enhance its product line for both bullish or bearish market scenarios for global markets. The company currently operates in India, Canada, U.S.A and Europe.
AlphaBlock was launched in February 2018 by Mukul Pal. The serial entrepreneur has 20 years global capital market research background, a top FinTech recognition from MIT, academic ranking on the Social Science Research Network and an international speaker profile at Princeton University and University of Chicago, the centre of Modern Portfolio Theory innovation.
“We are excited to partner with Real as they understand how financial industry has an alpha problem, asset managers don’t deliver net of cost, the role of Alpha bots in managing risk better for global pension funds and how the required solution needs a convergence of blockchain, FinTech and AI” said Mukul Pal, Founder and CEO AlphaBlock. “We are committed to democratizing intelligence with new tech”.
AlphaBlock is building an ecosystem to boost the distribution of cross-domain intelligent algorithmic processes by offering them an innovative smart contract technology which is zero knowledge, low cost, secure and works across multiple domains like Cyber Security, Advertising, Telecom, Retail and other domains.