Postera Capital acquires sentiment analysis firm Augmento
Blockchain firm Postera Capital has acquired Berlin-based sentiment analytics start-up Augmento.
Postera hopes that its acquisition will strengthen its position as a “pioneer in crypto consulting” and boost its investment fund Postera Fund Crypto I.
“Augmento has developed a unique AI solution that provides quantitative data about what is happening in the collective consciousness of the crypto market,” says Nicolas Biagosch, partner at Postera Capital.
“Augmento will help us develop our strategies using real-time market sentiments even further.”
The AI firm’s technology uses algorithms to identify emotions and discussion topics from online news and social media.
It claims that the resulting insights will give investors a “profound insight into market movements” which will enable them to make better decisions.
Founded in 2017, Postera Captial is an investment and consulting firm for cryptoassets and blockchain and initiator of what it says is the world’s first regulated crypto fund, Postera Fund Crypto I.
Financial details of the acquisition have not been disclosed.