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Synthetic intelligence (AI) supplier Axyon AI has accomplished a €1.6 million funding spherical, which can be used to proceed its worldwide enlargement and advance Axyon IRIS, its AI-powered market insights and funding methods software.
The spherical was led by the Fondo Rilancio Startup with ING, UniCredit, Gemini and Metes as co-investors. It was managed by CDP Enterprise Capital SGR.
The Italy-based firm received ING Financial institution’s Worldwide Innovation Studio acceleration programme in 2016, securing its first exterior funding from the financial institution. It then accomplished a €1.5 million funding spherical in 2018, led by ING and UniCredit, permitting for additional enlargement.
Daniele Grassi, CEO and co-founder of Axyon AI, says: “This newest funding spherical is an important step in growing Axyon AI’s proposition, supporting analysis and growth and our worldwide enlargement. Our know-how has already confirmed its efficiency within the asset administration business, and purchasers more and more belief Axyon AI to assist their funding administration processes.
“This funding spherical gives additional proof that the market recognises Axyon AI’s dedication to AI excellence. These new monetary sources will assist to strengthen the expansion of our workforce and assist our continued concentrate on innovating and bettering our AI and deep studying fashions — which have already develop into an integral a part of our purchasers’ funding processes.”
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