Clone Algo Inc

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Clone Algo
Public
Industry Artificial Intelligence and Algorithms
Founded Nevada, U.S. (February 22, 2010 (2010-02-22))
Headquarters Nevada, U.S.
Area served
Worldwide
Products
  • Clone Algo
  • Clone Algo DIY
  • Clone Algo PRO
  • Algo Shield Insurance
  • Algo TV
Website clonealgo.com
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[edit]

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.

Business[edit]

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[edit]

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[edit]

  1. ^ "SECURITIES AND EXCHANGE COMMISSION FORM 8-K Clone Algo Inc". United States Securities and Exchange Commission. July 24, 2014. Retrieved July 24, 2014. 
  2. ^ "Clone Algo Inc NASDAQ filling". CNBC. July 25, 2014. Retrieved July 25, 2014. 
  3. ^ "Clone Algo Smartphone Application". App Brain. 
  4. ^ "Clone Algo Smartphone Application Algorithms". Medium. 
  5. ^ "Clone Algo Inc NASDAQ Filling". Globe News Wire. July 24, 2014. Retrieved July 24, 2014. 
  6. ^ "Completion of Round One of $40 Million". CNBC. July 25, 2014. Retrieved July 25, 2014.