Sumo Signals Closes 5.5M Funding Round


Sumo Signals, a UK and Tokyo, Japan-based crypto startup, raised $5.5M in funding.

The round was led by OnDeck Venture.

The company intends to use the funds to accelerate further product development and hire talent.

Led by CEO Andrew Smith and CTO Naohiko Yamamoto, Sumo Signals leverages financial technology to provide innovative solutions to the crypto world. The company provides AI-Powered arbitrage trading indicators that help crypto traders execute profitable trades. The product has been developed by a team of Japanese engineers. Sumo’s AI robots provide thousands of real arbitrage signals to choose from every day. These robots use artificial intelligence to sift through hundreds of cryptocurrencies in search of patterns that signify buy or sell signals. These AI robots have been designed to increase profitable trading opportunities and decrease average losses. The AI Robots open positions with AI abilities and filter them using AI Predictions and other in-house metrics.