Clone Algo Inc
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:
- Clone Algo DIY
- Clone Algo App
- Clone Algo PRO
- Algo Trust Banking App
- Algo Shield Insurance
- Algo TV
- HomeAway App
Clone Algo Inc issued 700,000,000 shares of common STOCK and 150,000,000 shares of preferred stock in its preliminary filing.
History
The company has been in the making since 1988, and was restructured as Clone Algo Inc in early 2014. The founder, Niraj Goel, 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
- Clone Algo Smartphone application
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.
- Algo Trust Online Banking application
Algo Trust is an online banking application that lets users perform major banking operations such as transfer of funds, access savings bank account and monitor stock trading portfolio at a single place.
Algorithmic Technology for Insurance
- Algo Shield Insurance Policy:
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.
Hospitality & Travel Technology Business
- HomeAway Smartphone application:
The app runs on algorithms to find the best and cheapest rates for hotel and travel bookings.
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 ), Miss Olena Bystrova - COO (Executive director), Mr. Ravi Ramakrishna â CMO, Miss Rajita Maitra (VP-Investor Relations) and Mr. Nakul Gupta, CTO.
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,