Axyon AI has successfully secured a further €2.1m in funding, completing a funding round that totals €6m initiated in December 2023.
This investment round included significant contributions from the US-based venture capital firm Green Sands Equity, Italian holding firm Investment Opportunity 1, and several angel investors.
The company, which specializes in improving asset manager performance through AI-based rankings and AI model strategies, has made a significant mark in the asset management industry by delivering alpha opportunities. Axyon AI’s advanced predictive AI solutions enable asset managers to gain unparalleled precision and insight, navigating the complex dynamics of today’s financial markets with enhanced accuracy.
The newly acquired funds are earmarked for propelling Axyon AI’s commercial expansion and technological initiatives. These resources will enable the company to further innovate and enhance its AI-powered tools, significantly bolstering its offerings to asset managers across the globe.
Additional information from the funding round highlights the global potential of Axyon AI, with this investment round marking the second time a US-based venture capital firm has invested in the Italian FinTech, signaling strong confidence in Axyon AI’s mission and technological capabilities.
Daniele Grassi, CEO and co-founder of Axyon AI, commented on the closure of this funding round, saying, “We are very pleased to close this funding round by strengthening our partnership and welcoming Investment Opportunity 1 and Green Sands Equity. Having a second US-based VC investing in an Italian FinTech is a testament to our global potential. This round underlines the shared confidence in our mission to revolutionise asset management and fuel our commercial expansion beyond Europe.”
Reema Kahn, CEO and founder of Green Sands Equity, added, “AI is systematically transforming industries, and asset management is no different, though the sector has yet to fully exploit its capabilities. Axyon AI, with its proven performance and advanced algorithmic models, is optimally positioned to integrate with asset managers. As asset managers seek new ways to generate alpha, Axyon AI’s advanced AI models stand ready to support the industry’s evolution, offering powerful tools for predictive analysis and model optimisation.”
Since its foundation in 2016, Axyon AI has been at the forefront of integrating cutting-edge AI insights and active indices, empowering asset managers to navigate market complexities with enhanced accuracy.
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