Qraft Technologies Closes Us$146 Million Investment From Softbank Group Entering Into A Strategic Partnership To Accelerate Ai In The Asset Management Industry
Qraft Technologies Closes Us$146 Million Investment From Softbank Group Entering Into A Strategic Partnership To Accelerate Ai In The Asset Management Industry
01/10/22, 4:00 PM
Location
Money raised
$146 million
Industry
artificial intelligence
science and engineering
data and analytics
software
AI enabled fintech company Qraft Technologies, Inc. (“Qraft” or “the company”) today announced that it has closed a US$146 million investment from SoftBank Group Corp. (“SoftBank”), which includes primary growth capital and secondary capital that will be used to fund share purchases from investors. The proposed transaction is expected to accelerate Qraft’s ongoing expansions into the US and China, while the two parties will also embark upon strategic projects that aim to pursue the possibilities of developing AI-enabled public portfolio management systems for SoftBank.
Company Info
Location
seoul, seoul, south korea
Additional Info
Qraft Technologies, Inc. is on a mission to transform alpha delivery in asset management. From data processing to alpha research and trade signals, Qraft has a track record of developing innovative AI solutions that have been adopted by major financial institutions and turned into successful AI products and services, including one of the leading AI-driven equity ETF platforms and Korea's largest robo-advisor engine provider.