Before founding Automata in 2017, Gael Itier was working for a German financial institution where he established and grew the company’s wealth management department.
Here he discovered that the same type of algorithmic trading used to manage investment portfolios for high-net worth individuals could be adapted to the retail market. In 2020, Automata re-branded for the retail market as akt.io and opened an office in Sophia-Antipolis, France for AI & Tech Development.
The company has raised over 27 million EUR to date and the team is growing rapidly with lots of top tier talents being recruited for offices across Europe.
And in October 2023, Akt.io became Rayn.
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