Club degli Investitori announces the entry of its members into the capital of Aiko, a Turin-based scaleup that develops advanced software based on artificial intelligence and automation for space applications. Through Simon Fiduciaria, the members of the Investors Club have contributed an investment of €520,000, bringing the Series A funding round to €4 million. This new investment will enable Aiko to boost growth in Europe and the US, further expanding its satellite-based artificial intelligence solutions.
The Investors Club joins the major players in the round that in October 2024 had led Aiko to raise €3.5 million in a round led by Deep Blue Ventures, the venture capital fund dedicated to deep tech managed by Deep Ocean Capital, and Primo Ventures, through the specialised fund Primo Space.
The involvement of Marco Villa, champion of the Investors’ Club, stands out. In a note, he states: “Aiko is a pioneer in automation based on the practical use of artificial intelligence, thanks to a flexible architecture that has allowed them to accelerate the adoption of their technology in the space sector, quickly establishing themselves as a reference in Italy and Europe. Lorenzo is a determined founder, leading a team of the highest quality, which has already demonstrated the value of its solutions in the field. I am proud, as champion of the Investors Club, to support this Italian excellence in the world, which is redefining the future of space automation and beyond.
With this funding, the total raised by Aiko comes to EUR 7 million, and the Series A round remains open for further investments up to a maximum of EUR 5 million. The new capital will be used to strengthen the company’s position in the European market, with a particular focus on France, where Aiko already has an office in Toulouse, and to start expansion in the United States by 2025. With the funds raised, the company intends to increase its workforce from 40 to 70 people over the next two years.
“We have been following AIKO for some time and are excited to realise this partnership with the Investors Club. Lorenzo and his team have demonstrated excellent planning and execution skills, supported by strong demand in the aerospace sector, in which we strongly believe. We will provide our network and members’ expertise to accelerate its growth,’ says Zeno Kastelic, an associate of the Investors’ Club.
‘The entry of the Investors Club Members in this round represents a strategic step for us at a key moment in our growth: the support of the Members will enable us to enhance our solutions, accelerate scalability, and start expanding into overseas markets,’ says Lorenzo Feruglio, founder and CEO of Aiko (pictured) – This is further confirmation of the market’s confidence in our project and our vision: to establish ourselves as a global player capable of serving the main players in the space industry, in Europe and the US, with cutting-edge software solutions for artificial intelligence-based space applications’.
Aiko will continue to invest in the development of innovative software solutions to automate the entire operational process of space missions. Key products under development include gifted_GENE, the predictive maintenance software for space missions, and orbital_OLIVER, the on-board operating system enabling autonomous operations for satellites. The company’s goal is to develop an integrated platform that allows space mission operations to be fully automated, improving efficiency and reducing associated costs.
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