Funding Round and Participants
A recent funding round led by Montage Ventures has injected €2.3 million in new capital into Axyon AI.
The funding includes participation from Techshop SGR and various angel investors.
Additionally, a substantial portion of €1.6 million has been secured through the conversion of convertible notes issued in 2022.
These notes were subscribed by the “Rilancio Startup fund,” featuring contributions from CDP Venture Capital, ING Ventures, UniCredit, and others.
Utilization of Funds
Axyon AI has outlined its strategic allocation of the funds to fuel both commercial expansion and technological development initiatives.
This financial boost aims to propel the company forward in its mission to leverage artificial intelligence for uncovering alpha opportunities and optimizing indices on equities and ETFs.
The infusion of capital is expected to play a pivotal role in supporting the company’s growth trajectory.
Axyon AI’s Focus and Leadership
Daniele Grassi, the CEO of Axyon AI, is at the helm of the company’s operations.
The fintech firm specializes in providing AI-powered solutions to enhance asset rankings and optimize indices.
Axyon AI stands out by integrating artificial intelligence insights and active indices, empowering asset managers to navigate intricate market dynamics with precision and valuable insights.
Daniele Grassi expressed his thoughts on the recent funding, stating, “This fundraising round, bolstered by the partnership with Montage Ventures and Techshop, is a significant leap forward.
Their confidence in our vision and extensive support are instrumental to our accelerated growth.
This investment ushers in an innovation and commercial expansion era at Axyon AI, and I’m eager to work towards our vision of providing the most accurate and reliable AI solutions for investment management.”
As Axyon AI secures substantial funding and establishes key partnerships, the company is poised for a period of innovation and expansion.
The financial backing from Montage Ventures and Techshop, coupled with the visionary leadership of Daniele Grassi, positions Axyon AI to make strides in delivering accurate and reliable AI solutions for investment management.