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XeoHive Technology closes seed round at $10M valuation to transform investment management with AI

The investment will allow the company to further develop its unique artificial intelligence and machine learning investment model.

MONTREAL, Quebec, Canada, Aug. 5, 2022 / — Montreal-based fintech startup XeoHive Technology has completed its first seed round of investment. The company received an impressive valuation of $10 million from investor Daniel Robichaud, a prominent Canadian angel investor and co-founder of Diagram Ventures. The latest funding round follows a successful pre-seed investment phase in 2021.

XeoHive Technology provides a comprehensive set of AI-powered investment tools for the digital asset market. Over the last year, the company has focused on improving its modeling and developing new proprietary market indicators.

This improved modeling has shown excellent results in live trials, even during unprecedented turmoil in global financial markets. This new investment will enable XeoHive Technology to strengthen its research and development capabilities and continue to maintain its industry-leading artificial intelligence (AI) and machine learning (ML) models.

Abhishek Appadoo, Founder and CEO of XeoHive Technology, said: “His guidance so far has been immeasurable. This investment will allow us to scale and develop a much more important market-leading model in this space more quickly.”

When asked why he was drawn to XeoHive Technology and why he invested in the startup, Robichaud was eager to highlight the company’s impressive results. “

I initially hired Abhi to develop our internal investment platform and was intrigued by his work on XeoHive and its capabilities,” said Daniel Robichaud. “After seeing Abhi demonstrate their own model and backtesting, our team decided to do due diligence and make sure the model worked in real market testing. has been very impressed with the results, Abi has been working tirelessly to improve his model over the last year and we can’t be more proud of him and the team for the results we’ve seen so far .”

For more information on XeoHive technology, please visit

About XeoHive Technology
XeoHive Technology is a fintech startup dedicated to developing market-leading artificial intelligence (AI) and machine learning (ML) models designed for digital asset management. The company was founded in his 2019 by Abhishek Appadoo, a fintech entrepreneur and software engineering graduate from Montreal’s Concordia University. Following strong institutional investor interest, XeoHive Technology was accepted into his District3 Innovation Center and Fintech Cadence acceleration program. The company is further supported by Microsoft BizSpark, OVH Startup Program, and Google Cloud Startups. What started as a personal project has evolved into a successful business venture that now attracts the attention of several financial giants.

For more information, please contact:

Abhishek Apadu
XeoHive technology
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