Key Takeaways
- • Kristal.AI, a Singapore-headquartered digital investment platform, raised $1.85 million in a funding round led by IDG Ventures India.
- • Participating investors included Shailesh Rao, a senior advisor at TPG Global and McKinsey & Co, and Amit Gupta, founding partner of Newquest Capital.
- • The platform uses artificial intelligence to build curated portfolios across exchange-traded assets including stocks, bonds, options, futures and currencies.
- • Proceeds will fund technology development and machine learning integration, extend financial advisory services, and expand the consumer platform into Southeast Asia, the Middle East and the US.
Summary
Kristal.AI, an investment platform that provides access to asset classes across global markets, said on Tuesday that it raised $1.85 million in a round led by IDG Ventures India, according to Livemint. The company is a digital asset manager serving both retail and institutional customers. It was launched in January 2016 by Asheesh Chanda and Vineeth Narasimhan and is headquartered in Singapore, with offices in Hong Kong, Mumbai and Bengaluru.
Shailesh Rao, a senior advisor at TPG Global and McKinsey & Co, and Amit Gupta, founding partner of Newquest Capital, also took part in the round. The platform uses technologies such as artificial intelligence to create curated portfolios for clients, drawing on exchange-traded assets including stocks, bonds, options, futures and currencies. Currently it offers access to financial assets from North America, Europe and Asia-Pacific, including India, Japan and China, and serves customers in Singapore, Hong Kong and India.
According to the company, the new capital will be directed toward technology and investments aimed at integrating machine learning and financial advisory services. Kristal.AI also plans to extend its consumer platform to Southeast Asia, the Middle East and the United States. Narasimhan, the company's chief technology officer, said the firm's goal is to offer customers a seamless, fully self-serviced and intelligent investment experience.
Shailesh Rao, a senior advisor at TPG Global and McKinsey & Co, and Amit Gupta, founding partner of Newquest Capital, also took part in the round. The platform uses technologies such as artificial intelligence to create curated portfolios for clients, drawing on exchange-traded assets including stocks, bonds, options, futures and currencies. Currently it offers access to financial assets from North America, Europe and Asia-Pacific, including India, Japan and China, and serves customers in Singapore, Hong Kong and India.
According to the company, the new capital will be directed toward technology and investments aimed at integrating machine learning and financial advisory services. Kristal.AI also plans to extend its consumer platform to Southeast Asia, the Middle East and the United States. Narasimhan, the company's chief technology officer, said the firm's goal is to offer customers a seamless, fully self-serviced and intelligent investment experience.
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