Axyon AI, an innovative Italian company specialising in AI for asset management, has successfully completed its latest funding round.
The round was spearheaded by US-based venture capital firm Montage Ventures and supported by Techshop SGR, alongside a group of angel investors. This marks a significant milestone for Axyon AI as it continues to push the boundaries of AI technology in the financial sector.
The company has secured a total of €3.9 million in this round. The funds are allocated to accelerate Axyon AI’s commercial and technological growth, fuelling further advancements in their cutting-edge solutions. Specifically, the investment comprises €2.3 million in new capital, with an additional €1.6 million through the conversion of convertible notes issued in the previous year. Notable subscribers of these notes include the “Rilancio Startup fund” by CDP Venture Capital, ING Ventures, and UniCredit, among others.
Since its inception in 2016, Axyon AI has been a frontrunner in utilising advanced AI to provide predictive solutions in asset management. By leveraging AI-powered insights and active indices, the company empowers asset managers to make more informed decisions, navigating through complex market dynamics with increased accuracy and insight.
The freshly injected capital is earmarked for catalysing Axyon AI’s trajectory in innovation and commercial expansion. Daniele Grassi, CEO and co-founder of Axyon AI, expressed his enthusiasm about the new chapter. “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,” he said.
In expressing their conviction in the company, Todd Kimmel, Managing Director of Montage Ventures, highlighted the transformative potential of AI in asset allocation and Axyon AI’s prominent role in this transition. Similarly, Gianluca D’Agostino and Aurelio Mezzotero, managing directors at Techshop, recognised the pivotal role AI will play in asset management and commended the Axyon AI team for their promising position in this evolving landscape.
The article also sheds light on Axyon AI’s previous investments, ensuring a comprehensive overview of the company’s financial journey.
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