EquiLibre Technologies
Prague-based AI trading research lab founded by three former DeepMind researchers. It raised a Series A led by Creandum in July 2026 at a valuation above USD 500 million.
Industry: AI trading research | Location: Prague, Czechia | Founded: 2022 | Total Funding: USD 10M
About EquiLibre Technologies
EquiLibre Technologies is a Prague-based company that applies reinforcement learning to financial trading. It was set up in 2022 by three former DeepMind researchers, Martin Schmid, Rudolf Kadlec and Matej Moravčík, who earlier built DeepStack, the AI system that was the first to beat professional players at no-limit Texas hold'em. Schmid is chief executive, Kadlec chief technology officer and Moravčík chief science officer. The company argues that poker and markets are both games of incomplete information, so the same techniques carry over. It describes itself as a lab first rather than a financial institution, and the founders have said they have no background in finance.
In late 2023 EquiLibre agreed an exclusive arrangement to provide its trading algorithms to the New York proprietary trading firm Tower Research Capital, which Bloomberg reported in May 2024. Working in that partnership, EquiLibre's agents trade substantial daily volumes across the S&P 500 and Nasdaq, with billions of dollars traded each day according to TechCrunch and TechScoop. The company says its systems first proved themselves in cryptocurrency markets in 2025 before moving into equities, and claims no losing months since it began. It has not published performance data or methodology to support that claim.
Dealroom reported that the company raised USD 10 million in a seed round in March 2025, led by Blossom Capital, at a valuation of roughly USD 140 million. Another profile cites an earlier pre-seed from Credo Ventures, and the figures for its early funding vary between data providers. Computer scientist Richard Sutton is among its early backers and sits on its advisory board.
On 30 June 2026 the company announced a Series A led by Creandum that valued it at more than USD 500 million, about EUR 438 million according to The Recursive. The amount raised was not disclosed. Creandum's Cameron Sellers said that because markets are so large, small algorithmic improvements can translate into significant money quickly, and reports describe it as the largest single investment the firm has made in one go. Most of the new capital is to go on computing power, with the company planning what it describes as one of Central and Eastern Europe's largest AI compute clusters.
The company has no local office in the Gulf, but TechScoop notes that Gulf sovereign investors are among the largest allocators to quantitative strategies.
Leadership
- Martin Schmid, co-founder
- Rudolf Kadlec, co-founder
- Matej Moravčík, co-founder
- Rich Sutton, Advisor
- Michael Bowling, Advisor
- Csaba Szepesvári, Advisor
- Michal Pechoucek, Advisor
- Murray Campbell, Advisor