SoftBank has provided $146m for Qraft and plans to collaborate with it on development of an smart portfolio management product.

South Korea-based financial management software provider Qraft Technologies has raised $146m from internet and telecommunications group SoftBank Group. Qraft develops and operates deep learning-based algorithms and has used its artificial intelligence engine for its NYSE-listed exchange-traded funds (ETFs). Part of the SoftBank cash will be used to help the company expand in the US and China…

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James Mawson

James Mawson is founder and chief executive of Global Venturing.