Pluto

Overview
News

Pluto is an automated trading platform that offers tools for building data-driven investing strategies for both stock and cryptocurrency trading. The platform provides users with advanced investing automations, refined strategies, and insights derived from Big Data analysis. At the core of Pluto's offering is an intelligent assistant named Plato, which utilizes real-time data to deliver personalized investing insights. Users can set specific conditions and criteria for trading, such as investing in certain stocks when others miss earnings or focusing on specific sectors during market downturns. Pluto's proprietary no-code interface is designed to be accessible to investors of all ability levels while still offering performance-enhancing capabilities.

In November 2022, Pluto launched live crypto trading, allowing users to trade popular cryptocurrencies like Bitcoin, Ethereum, Polygon, and Dogecoin. The platform boasted some of the lowest crypto trading fees in the industry at the time, claiming to save investors up to 90% compared to major exchanges. Pluto's tools are designed to seek and exploit favorable market conditions while also shielding investors' portfolios from risk. The company also introduced a unique feature allowing users to license their trading strategies to other members of the Pluto community, enabling retail investors to potentially monetize their knowledge.

In July 2024, Pluto was acquired by Robinhood Markets, Inc. Following the acquisition, Pluto's founder and CEO, Jacob Sansbury, joined Robinhood to accelerate their product roadmap and integrate AI-powered capabilities across the Robinhood platform. The acquisition aimed to enhance Robinhood's offerings with Pluto's advanced data analytics capabilities, personalized investment strategies, and real-time insights for portfolio optimization.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Los Angeles, CA
Founded year:
2021
Employees:
11-50
IPO status:
Private
Total funding:
USD 4.2 mn
Last Funding:
USD 4.0 mn (Seed; May 2022)
Last valuation:
-
Funding data are powered by Crunchbase
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