Wisdomise, a Zug, Switzerland-based provider of an AI infrastructure and investment platform, raised $9.5M in funding.
Backers included Chainlink Labs, SingularityDAO, VentureSouq, Pontinova Invest, Cetacean Capital, and ODE Capital.
The company intends to use the funds to accelerate product and community development efforts.
Led by CEO Dr. Fardad Zand, Wisdomise is an AI company that allows users and community members, including crypto enthusiasts, active traders, and passive investors, access to proprietary information and premium signals to help them manage their portfolio risk and improve their investment performance in digital financial markets. For those interested in having profitable exposure to digital assets without actively managing their assets, it also offers a fully automated AI-driven passive income platform. The company has offices in Dubai, UAE and Tallinn, Estonia (and one soon in Taipei, Taiwan) and market penetration in APAC and MENA, especially in Taiwan, China, Japan, Hong Kong, UAE, and Turkey.
The recent funding round added to Wisdomise’s impressive investment track record, having secured $6.5M in equity Seed and Pre-Series A rounds in 2022 and 2023. The Pre-Series A round of funding, completed in September 2023 at a post-money valuation of $75M, incorporated a 1:1 token warrant.
Commenting on the news, Fardad Zand said: “The recent funding round is a significant stride in our mission to empower everyone on earth to participate in the exciting world of digital assets. At Wisdomise, we are dedicated to harnessing the power of AI and innovative financial instruments to build a platform that removes barriers to entry and fosters informed decision-making for active traders and passive investors. This additional capital will fuel our efforts to further enhance our deep-tech foundation (across three key dimensions: AI/ML, Blockchain, and Quant Finance) and reach new heights, ultimately democratizing access to the immense potential of digital assets and contributing to financial inclusion and independence globally.”
FinSMEs
30/04/2024