Lucid Capital, founded in 2022 and based in the UAE, has successfully closed a $2.5 million seed funding round to enhance its AI-driven algorithmic trading platform. The US-based company aims to bolster its trading infrastructure and further AI research. The funding round, led by Tharawat Holding and Singular Link, will be used to expand Lucid Capital’s strategic capabilities and technological platforms, focusing on developing advanced AI models that can adapt trading frequency, respond to market changes, and optimise real-time trade execution. Additionally, Lucid Capital has secured $200 million in capital commitments from financial institutions and accredited investors to expand its strategies in the US equities and digital asset markets. The company’s technology employs autonomous AI agents and adaptive algorithms to adjust to the dynamic nature of market conditions.
How is Lucid Capital expanding its AI trading platform with new funding?
