Alpaca.ai

wealthtech-retailfinancial researchartificial intelligence/machine learning

FOUNDING YEAR: 2015
LOCATION: United States
Last Update: 01/05/2020

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About

Alpaca's mission is to unlock asset management for the people. We are a technology company that modularizes the worlds asset management activities. Alpacas products enable anyone to build and connect applications and algorithms to buy and sell stocks with zero commissions. We believe that everyone should have fair access to financial markets, regardless of who we are or where we are from. *Securities are offered through Alpaca Securities LLC (alpaca.markets)*

MEDICI Analysis

Alpaca is developing deep learning software to optimize workflows and to scale human expertise.The company is providing machine learning algorithms for a trading platform and also empowers professionals with latest AI Technology.

Focus

PRODUCTS & SERVICES

Deep-learning trading automation & prediction platform. Alcapa provides platforms for machine learning algorithms for trading: 1. Alpaca Forecast is a deep-learning trading automation & prediction platform.; 2. AlpacaAlgo is a deep-learning trading algo building web-platform; 3. AlpacaScan is bite-size trade idea curation app.

REVENUE MODEL

Integration upfront and maintenance fee

MAIN CLIENTS

Retail investors and traders

EXISTING PARTNERSHIPS

Jibun Bank

PRIMARY PROBLEM SOLVED

Solves the problem of wanting better clues and algorithms to improve P&L of trading desks at banks, brokerage firms, and trading firms.

COMMENT

Alpaca's approach of prediction models and trading algorithms is to focus on existing human behaviors to automate them accurately, then to optimize them with more data.

Traction

VALUATION / MARKET CAP:

$11.67 M in 2017

REVENUE

$500k - $999k

NUMBER OF TRANSACTIONS:

200 K

TRANSACTIONS VALUE:

200 K

ACTIVE USERS:

6

TRACTION COMMENT:

AlpacaAlgo executed $100 million in real-money trading volume in less than 2 months of live production in December'2016.

People

FOUNDERS

Hotoshi Harada

BOARD MEMBERS AND ADVISORS

Matt Lucket

Luke Lonergan

Yasushi Yagi

Masakazu Masujima

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Archetype Venture Fund

BIP

CSV Venture Fund LLP

D4V

Eric Di Benedetto

Genuine Startups

Innovative Venture Fund Investment

Mitsubishi UFJ Capital

Monex Ventures

NEC Capital Solutions

SMBC Venture Capital

KEY EMPLOYEES:

Yoshi Yokokawa (CEO)

Hitoshi Harada (CTO)

Yuki Hayashi (Chief Engineer)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

2

TOTAL FUNDING

$8.51 M

DATE OF LAST FUNDING

Sep 2018

SEED & PRIOR FUNDING

$2.75 M

SEED CLOSED ON

Sep 2018

FUNDING SERIES

SERIES A  · $5.76 M  · Sep 2018

LISTED

NO

COMMENT

Venture fund: $1.75 M raised in January 2017.

Innovation Programs

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Alpaca.ai

About

Alpaca is developing deep learning software to optimize workflows and to scale human expertise.The company is providing machine learning algorithms for a trading platform and also empowers professionals with latest AI Technology.

Focus

PRODUCTS & SERVICES

- Deep-learning trading automation & prediction platform (AlpacaForecast) - Deep-learning trading algo building web-platform (AlpacaAlgo) - Bite-size trade idea curation app (AlpacaScan)

REVENUE MODEL

Integration upfront and maintenance fee

TOP PROBLEM SOLVED

Problem of wanting better clues and algorithms to improve P&L of trading desks at banks, brokerage firms, and trading firms.

PRODUCT DEVELOPMENT STAGE

MARKET TRIAL

PRODUCT DEVELOPMENT COMMENT

Built financial time-series optimized database from scratch. Also, constantly training financial time-series optimized deep neural network through growing user-base of AlpacaAlgo.

KEY DIFFERENTIATORS

Our approach of prediction models and trading algorithms, we firstly focus on existing human behaviors to automate them accurately, then to optimize them with more data.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Consumer

PRODUCT ATTRIBUTES

SaaS

Customer facing

Traction

ANNUAL REVENUE:

$500k - $999k

NUMBER OF TRANSACTIONS:

200 K

TRANSACTIONS VALUE:

200 K

ACTIVE USERS/ACCOUNTS:

6 Million

LIVE USERS/TRANSACTIONS:

Yes, in trial/pilot

How will you grow the number of users/accounts/transactions?

Firstly engaging with industry top players to establish our branding, then to go for other firms

CHANNEL STATUS

INITIAL CLIENTS

NUMBER OF CLIENTS OR PAYING CUSTOMERS

3

People

NUMBER OF EMPLOYEES

11-50

BOARD MEMBERS AND ADVISORS:

Matt Lucket, Luke Lonergan, Yasushi Yagi, Masakazu Masujima

INVESTORS:

Architype Ventures

Bip Systems

Genuine Startups

Japan Finance Corporation

MOVIDA JAPAN

NEC Capital Solution

Shinji Kimura

SMBC Venture Capital

Momentum

FUNDED

YES

LISTED

NO

FUNDING SERIES
Seed
Dec 2016
USD1.75 M
Comment on Seed
https://www.crunchbase.com/organization/alpacadb#/entity