Sumo Signals, a UK and Japan-based Crypto startup announced that it raised $5.5 Million in its recent round of funding led by Hong Kong-based prominent investor OnDeck Venture. 

The successful funding round is a clear indication of the company's strong growth prospects powered by its pioneering AI-based technology.

These funds will allow Sumo Signals to fuel further product development and hire talent.

Company: Sumo Signals Ltd

Raised: $5.5M

Round: Unknown 

Funding Month: July 2022

Lead Investors: OnDeck Venture

Additional Investors: 

Company Website: https://sumosignals.com/

Software Category: AI-Powered arbitrage trading indicators

About the Company: Developed by Japanese engineers, Sumo Signals provides unique AI-Powered arbitrage trading indicators that help crypto traders execute profitable trades. Arbitrage trading takes advantage of minor price differences of the same asset in different markets with short-term price variations. Sumo Signals' vision is to build a robust product that enables crypto traders to log in to our dashboard, select trading strategies based on our proprietary AI-powered algorithms, and maximize their profit while minimizing the risks at the same time. Sumo Signals is a registered and regulated company in the UK.

Source: https://www.globenewswire.com/news-release/2022/07/27/2486768/0/en/AI-Powered-Crypto-Start-up-Sumo-Signals-Closes-5-5-Million-Funding-Round-Led-by-OnDeck-Venture.html