SoSoValue, an AI-driven investment research platform, has raised $15 million in a Series A round to launch its new investment index protocol, SSI.
Funding and Company Growth
On January 8, 2025, SoSoValue announced that it had raised $15 million in a Series A round, valuing the company at $200 million. The past month has seen significant growth, with over eight million users registered on the platform. The funding round was co-led by existing shareholder HSG and SmallSpark, with participation from Mirana Ventures and SafePal. The total investment in the project now approaches $20 million, including a previous seed round of $4.15 million.
Launching the SSI Protocol
The funds have been primarily earmarked as a reserve for the SoSoValue Indices (SSI) Protocol, an innovative spot index protocol designed to enhance investment efficiency in the crypto market. In late December 2024, four SSI tokens were launched as a beta test on Base chain: MAG7.ssi, MEME.ssi, DEFI.ssi, and USSI. Within two weeks of launch, over 10,000 unique wallet addresses were shown to be holding SSI tokens. The protocol allows the creation of wrapped tokens that represent a basket of assets, ensuring transparency and security for market participants. The underlying assets are safeguarded by licensed custodians.
Future Development and Investments
Future plans include expanding the team and bringing additional products to market that are expected to be launched over the coming quarters. SoSoValue, promising equitable access to investment tools, uses advanced AI algorithms to analyze data and offers investors a reliable source of information.
With the launch of the SSI protocol, SoSoValue aims to further its mission of providing accessible and secure investment solutions for all market participants.
