UAE-based quantitative fintech Lucid Capital has successfully closed a $2.5 million Seed funding round. The investment was led by Tharawat Holding with participation from Singular Link, marking a significant step for the firm as it expands its AI-driven trading operations from the region.
Founded in the US in 2022 by Hamad Aldighrir, Ye Gu, and San X, the now UAE-based company specialises in algorithmic trading and sophisticated quantitative investment strategies powered by artificial intelligence.
Bolstering AI and Trading Infrastructure
The newly acquired capital is earmarked for strategic growth initiatives aimed at strengthening the company’s position in the global market. Funds will be deployed to expand its portfolio of trading strategies, enhance its technological infrastructure, and accelerate its advanced artificial intelligence research and development.
This investment will enable Lucid Capital to scale its operations and deepen its institutional partnerships, reinforcing its commitment to applying cutting-edge AI to the complexities of financial markets.
$200 Million in Capital Commitments
In a significant move parallel to the equity round, Lucid Capital has also secured $200 million in capital commitments from a consortium of financial institutions and accredited investors.
This substantial pool of capital is not part of the equity investment but will be directly deployed to support and scale the firm’s proprietary trading strategies across both US equities and digital asset markets, demonstrating strong institutional confidence in its technological capabilities.
A New Hub for Quantitative Trading
Lucid Capital’s platform leverages advanced AI models and autonomous agents to navigate volatile and fast-moving markets. The technology enables adaptive frequency control, allowing it to dynamically respond to market conditions and optimise trade execution in real time.
By combining complex quantitative strategies with autonomous AI, the company aims to improve execution efficiency and risk management for its deployed capital. The firm’s relocation to the UAE signals the nation’s growing appeal as a hub for advanced fintech and deep-tech companies.
About Lucid Capital
Founded in 2022, Lucid Capital is a quantitative algorithmic fintech firm that specialises in AI-driven algorithmic trading and quantitative investment strategies. The company develops and deploys advanced AI models and autonomous agents to optimise trade execution across global financial markets.
Source: Wamda
