Euklid, a Milan, Italy-based startup that develops blockchain and bitcoin trading solutions based on Artificial Intelligence, raised a second seed funding round of undisclosed amount.
The company intends to use the funds to add new smart contracts to its offering (currently available in Bitcoin and US dollars) and enlarge its customer base.
Co-founded by Antonio Simeone, Franco Grassi, Francesco Di Leva and Mario Giancola Euklid uses algorithms to predict market trends leveraging Artifical Intelligence for Big Data analysis and processing as well as for the creation of investment options offered via its online platform. All the activites in the platform, including fundraising, redistribution mechanisms, purchase signals with prices of any algotrading transaction as well as track records are recorded to the blockchain. Users can also manage and visualize their own investments in real time.
Simeone told me that they aim to become an Innovative Bank in the medium term, including futures and derivatives recorded to the Blockchain and issue credit cards.