Clone Algo Inc

Clone Algo Inc
Public
Industry Artificial Intelligence and Algorithms
Founded Nevada, U.S. (February 22, 2010)
Founder Niraj Goel
Headquarters [Las Vegas]], Nevada, U.S.
Area served
 Worldwide
Key people
Products
  • Clone Algo
  • Clone Algo DIY
  • Clone Algo PRO
  • Algo Shield Insurance
  • Algo TV
Website CloneAlgo.us
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.

The corporation holds the following brands, under its umbrella:

  1. Clone Algo DIY
  2. Clone Algo App
  3. Clone Algo PRO
  4. Algo Shield Insurance
  5. Algo TV

Clone Algo Inc issued 700,000,000 shares of common stock and 150,000,000 shares of preferred stock in its preliminary filing.[2]

History

The company has been in the making since 1988, and was restructured as Clone Algo Inc in early 2014. The founder, Niraj Goel,[3] is majority shareholder of the corporation.

Their first mobile application, Clone Algo App, was launched in 2014 on Google Play.

Business

The corporation has four major businesses:

Financial Technology Business

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.[4][5]

Algorithmic Technology for Insurance

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

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 July 2014, the members of the board of directors of the company are Niraj Goel (Non Executive Chairman), Mr Nitin Damodaran - CEO ( Executive Director ), Mr Pily Wong - COO, Mr. Tony Thampy – CMO, Mr. Alvin Yap - CFO, Miss Rajita Maitra (VP-Investor Relations).

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 700,000,000 shares of common stock as well as 150,000,000 shares of preferred stock, issued and outstanding,[6][7]

References

  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. ↑ "India's youngest billionaire NRI from Punjab". Times of India. May 26, 2014. Retrieved May 26, 2014.
  4. ↑ "Clone Algo Smartphone Application". App Brain.
  5. ↑ "Clone Algo Smartphone Application Algorithms". Medium.
  6. ↑ "Clone Algo Inc NASDAQ Filling". Globe News Wire. July 24, 2014. Retrieved July 24, 2014.
  7. ↑ "Completion of Round One of $40 Million". CNBC. July 25, 2014. Retrieved July 25, 2014.

External links