Connect with us

Technology

Fractal Partners with QiCAP.Ai to Foster Growth Opportunities for Theremin.ai

Published

2 years ago

on

Fractal envisions this partnership to empower Theremin.ai with focused growth opportunities, particularly in areas such as technology platforms and artificial intelligence for advising clients on investment management.

NEW YORK, June 4, 2024 /PRNewswire/ — Fractal (www.fractal.ai), a global provider of artificial intelligence and advanced analytics solutions to Fortune 500® companies, today announced its strategic decision to divest Theremin.ai, its venture in deep reinforcement learning based investment strategies to QiCAP.Ai, a leading quantitative investment and trading group in Indian markets.

This decision is a part of Fractal’s ‘ideas2business’ and ‘Alpha philosophy’, which enables Fractal to accrue growth capital for reinvestment into new ideas. The move will help QiCAP.Ai in the development of GenAI LLM technologies to develop stock prediction and sentiment analysis capabilities for Theramin.ai and to enable building of multiple strategies off a single platform.

Theremin.ai, a business incubated by Fractal and backed by OLMO capital, has been developing technology platforms for identifying investment opportunities in financial markets, particularly in Indian and Asian securities markets. Leveraging Fractal’s expertise in AI, Theremin.ai has crafted valuable algorithms focus on low and mid frequency securities trades, as well as data assets with conventional and alternate data sources.

Srikanth Velamakanni, Co-founder, Group Chief Executive, and Vice Chairman, Fractal, said, “We built Theremin.ai as a way to test our AI models in their ability to generate and execute investment ideas in the capital markets without human intervention. The value of this experiment has been now recognized by QiCAP.Ai and we now believe this is the natural home for Theremin.ai to take these algorithms and investment ideas to the next level.”

Hemant Kothavade, Co-Founder & CEO, Theremin.ai, said, “Our focus on high-value alpha investment strategies is likely to get a further shot in the arm from joining hands with QiCAP.Ai to help realize the full potential of the work done on low and mid frequency signals and the platform as a whole.”

Gulu Mirchandani, Chairman of OLMO Capital, expressed excitement about the development, said, “We are excited about this development at Theremin.ai.  It helps us realize value from our very early-stage investment into the domain of AI based investment analysis in Indian and Asian capital markets via Theremin.ai.”

Amit Rathi, Co-founder of QiCAP.Ai, emphasized the strategic value of the acquisition, said, “We are thrilled to integrate Theremin.ai’s capabilities into our platform, rounding out our offering on the entire spectrum of investments. This acquisition aligns perfectly with our vision to deliver cutting edge execution strategies  to professional traders and unique investment solutions to family offices.”

The divestiture enables Theremin.ai to continue its mission of developing investment strategies and technologies for Indian and Asian markets.

About Fractal

Fractal is one of the most prominent providers of Artificial Intelligence to Fortune 500® companies. Fractal’s vision is to power every human decision in the enterprise, and bring AI, engineering, and design to help the world’s most admired companies.

Fractal’s businesses include Crux Intelligence (AI driven business intelligence), Eugenie.ai (AI for sustainability), Asper.ai (AI for revenue growth management), Senseforth.ai (conversational AI for customer service) & Flyfish (generative AI for Sales). Fractal incubated Qure.ai, a leading player in healthcare AI for detecting Tuberculosis and Lung cancer.

Fractal currently has 4500+ employees across 17 global locations, including the United States, UK, Ukraine, India, Singapore, Middle East and Australia. Fractal has been recognized as ‘Great Workplace’ and ‘India’s Best Workplaces for Women’ in the top 100 (large) category by The Great Place to Work® Institute; featured as a leader in Data Engineering services 2024 & Data Science Services 2024 by Information Services Group, Leader in AI and Analytics Services by Everest Group, Leader in Customer Analytics Service Providers Wave™ 2023 by Forrester Research, Inc. For more information, visit fractal.ai.

About QiCAP.Ai:

QiCAP.Ai is a leading quantitative investment and trading group that seeks to capture opportunities across asset classes in Indian markets using high frequency trading strategies. It leverages its cutting-edge proprietary technology & quantitative models built by its team of engineers & mathematicians to offer cutting edge execution strategies to professional traders as well as unique investment solutions to family offices that enable them to add un-correlated alphas to their existing conventional portfolios.

View original content:https://www.prnewswire.com/news-releases/fractal-partners-with-qicapai-to-foster-growth-opportunities-for-thereminai-302163128.html

SOURCE Fractal

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Onward Accessibility’s Catherine Sherry Named in SIA’s 2026 40 Under 40

Published

14 minutes ago

on

June 9, 2026

By

Annual SIA list recognizes emerging leaders and innovators shaping the future of the staffing industry

FAIRFIELD, Conn., June 9, 2026 /PRNewswire-PRWeb/ — Onward Accessibility is proud to announce that Catherine Sherry, Director of Growth and Advocacy, has been recognized on Staffing Industry Analysts’ (SIA) 2026 40 Under 40 list. In its tenth year, SIA’s prestigious annual recognition honors emerging leaders under the age of 40 making significant contributions in the staffing and workforce solutions industry. Honorees are selected for their proven track records of navigating technology-driven change, expanding enterprise relationships, and leading their organizations into new sectors.

“Cathi has played a tremendous role in helping build Onward Accessibility and continues to grow our footprint as a leader in the industry.” – Ken Clark, CEO, Onward Group Holdings

After joining Onward Search as a Senior Technology Recruiter, Sherry helped launch the organization’s digital accessibility practice and grow it into Onward Accessibility, a dedicated brand that combines accessibility services with staffing support. She has since risen through the ranks and was recently named Director of Growth and Advocacy. Sherry is also CPACC-certified, a long-time IAAP member, and a passionate advocate for digital inclusion and inclusive hiring.

“We are all so proud of Cathi for this amazing achievement,” said Ken Clark, CEO of Onward Group Holdings, a platform of specialized talent brands that includes Onward Accessibility. “This is such a well-deserved honor and a great reflection of Cathi’s hard work, passion and commitment to the digital accessibility community. Cathi has played a tremendous role in helping build Onward Accessibility and continues to grow our footprint as a leader in the industry.”

“This year’s 40 Under 40 honorees are helping reshape the staffing industry,” said Ursula Williams, President of SIA. “They’re embracing AI and innovation to solve workforce challenges and strengthen client relationships while continuing to lead with the trust, responsiveness and, most importantly, human connection that remains central to their business.”

Sherry’s recognition underscores both her personal dedication to advancing digital accessibility and Onward Accessibility’s growing leadership in the industry. In recent months, the organization has released several free resources, including its 2026 Digital Accessibility Salary Guide, Digital Accessibility RACI Matrix, and Leveraging AI for Digital Accessibility webinar, to help professionals and teams embrace digital inclusion.

SIA’s 2026 40 Under 40 list is now available online and will be featured in the July/August issue of Staffing Industry Review magazine.

About Onward Accessibility:

Onward Accessibility provides flexible services and expert talent to help leading companies achieve their digital accessibility goals.

From executing strategic initiatives to hiring skilled professionals, the organization supports its clients at every stage of the accessibility journey. Beyond staffing, its comprehensive suite of offerings includes strategy, audits, remediation, and more.

Born from Onward Search, Onward Accessibility is now part of Onward Group Holdings, an award-winning family of specialized talent and workforce solutions companies. To learn more about Onward Accessibility, visit onwardaccessibility.com.

Media Contact

Steven Dobrowski, Onward Accessibility, 1 2032101447, sdobrowski@onwardsearch.com, https://onwardaccessibility.com/

View original content to download multimedia:https://www.prweb.com/releases/onward-accessibilitys-catherine-sherry-named-in-sias-2026-40-under-40-302795789.html

SOURCE Onward Accessibility

Continue Reading

Technology

Dye & Durham Announces Voting Results from Special Meeting of Shareholders

Published

15 minutes ago

on

June 9, 2026

By

TORONTO, June 9, 2026 /CNW/ – Dye & Durham Limited (“Dye & Durham” or the “Company”) (TSX: DND), a leading provider of cloud-based legal practice management software, today announced the results of voting at its special meeting of shareholders held on June 9, 2026 (the “Meeting”) that sought shareholder ratification, confirmation and approval of the Company’s shareholder rights plan (the “SRP”), which took effect at 5:00 pm (Toronto Time) on April 8, 2026.

At the Meeting, shareholders ratified, confirmed and approved the SRP, with approximately 99.5% of shares represented at the Meeting voting in favour. Details of the voting results are available in the Company’s report of voting results, which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.

ABOUT DYE & DURHAM

Dye & Durham Limited provides premier practice management solutions empowering legal professionals every day, delivers vital data insights to support critical corporate transactions and enables the essential payments infrastructure trusted by government and financial institutions. The company has operations in Canada, the United Kingdom, Ireland, Australia, and South Africa.

Additional information can be found at www.dyedurham.com.

SOURCE Dye & Durham Limited

Continue Reading

Technology

Broadridge Appoints Todd Diganci to its Board of Directors

Published

15 minutes ago

on

June 9, 2026

By

NEW YORK, June 9, 2026 /PRNewswire/ — Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, is pleased to announce the appointment of Todd Diganci as a member of its Board of Directors, effective August 1, 2026. Following his appointment, Broadridge’s expanded Board will consist of 10 members, eight of whom are independent. Mr. Diganci will serve on the Audit Committee of the Board.

“I am thrilled to welcome Todd, who is an accomplished financial executive with expertise in the securities industry. As the financial services industry continues to transform, his expertise will help ensure that Broadridge remains at the forefront of innovation as we continue to provide the infrastructure and technologies to support our clients’ growth and ultimately, enable better financial lives,” said Eileen Murray, Chairperson of Broadridge’s Board of Directors.

Mr. Diganci is a financial executive and strategic leader with deep expertise in U.S. securities regulation. From 2017 through June 2026, he served as Executive Vice President, Chief Financial Officer, and Chief Administrative Officer of the Financial Industry Regulatory Authority (FINRA). In this capacity, he provided enterprise-wide financial and administrative stewardship for one of the foundational regulatory institutions anchoring the U.S. securities markets. His role included oversight of FINRA’s finance, human resources, and its credentialing, registration, education and disclosure (CRED) operations.

Prior to 2017, Mr. Diganci held positions of increasing responsibility at FINRA, serving as Corporate Controller then Chief Financial Officer. During a period of significant regulatory and market transformation, he expanded the scope of FINRA’s CFO role to include enterprise risk management and corporate strategic leadership. Committed to financial literacy, he also serves on the Board of Directors of the SIFMA Investor Education Foundation.

“I am privileged to join Broadridge’s Board of Directors and to contribute to a company at the forefront of financial technology and market modernization,” said Mr. Diganci. “Broadridge’s dedication to driving innovation across capital markets and corporate governance is outstanding. I look forward to collaborating with the Board and executive leadership to help guide the company through its next chapter of strategic expansion and long-term value creation.”

About Broadridge

Broadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.

Our technology and operations platforms process and generate over 7 billion communications annually and underpin the daily average trading of over $15 trillion in tokenized and traditional securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 15,000 associates in 21 countries.

For more information about us, please visit www.broadridge.com 

Investors

broadridgeir@broadridge.com 

Media

Gregg.rosenberg@broadridge.com

Related Links

http://www.broadridge.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/broadridge-appoints-todd-diganci-to-its-board-of-directors-302795811.html

SOURCE Broadridge Financial Solutions, Inc.

Continue Reading

Trending