Almax Analytics, Artificial Intelligence for News Insights in Capital Markets, announced today financing of the initial growth and development for its technology (the seed round) has been closed in London. Investors include executives from MCSI Inc., Aviva plc, a founding member of RiskMetrics Group Inc., the Fintech SEIS Fund and Jonas Dromberg, a Finnish technology investor and former Bloomberg Bureau Chief. Almax Analytics introduced the company in January 2016 as one of KPMG Luxembourg’s Innovative Companies at the European Alternative Investment Funds conference. Since this date, Almax has achieved global notice and is currently in testing with New York and Chicago based market maker, SUMO Capital. Results of this first-to-market service for analysing news are expected by July, with Series A financing plans already in process.
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