Axyon AI, a company that operates in the fintech sector by applying artificial intelligence (AI), announces that it has closed its latest fundraising led by the US venture capital firm Montage Ventures and which also saw the participation of The Techshop, as well as other angel investors. The funding round marks a new chapter in Axyon AI’s journey to revolutionize the asset management industry with cutting-edge AI-powered technology.
The €3.9 million capital injection will consolidate Axyon AI’s commercial expansion and technology development initiatives, fostering the development of further innovations. The financing round consists of €2.3 million of new liquidity, while the remaining €1.6 million will be guaranteed by the conversion of the convertible notes issued in 2022 and subscribed by, among others, the Rilancio Startup Fund of CDP Venture Capital, ING Ventures and UniCredit.
Since its inception in 2016, Axyon AI has always been at the forefront of providing innovative AI-powered predictive solutions. By integrating advanced predictions based on AI models and active indices, Axyon AI enables asset managers to operate complex market dynamics with greater accuracy.
AI for Asset Management
Daniele Grassi, CEO and co-founder of Axyon AI, says in a note: “This fundraising, thanks to the partnership with Montage Ventures and The Techshop, represents a significant step forward for us. Their confidence in our vision and broad support are key to accelerating our growth. This investment opens an era of innovation and commercial expansion for us; I look forward to working towards realizing our mission and providing the most accurate and reliable AI solutions for investment management.”
Todd Kimmel, managing director of Montage Ventures adds: “We believe asset allocation is undergoing a transformation and that artificial intelligence will play a critical role in shaping its future. Axyon AI is well-positioned to seize this opportunity, thanks to its cutting-edge AI-powered technology that is able to offer alpha opportunities through asset rankings and model strategies on their preferred asset classes. One of the key factors in our decision was definitely the exceptional team at Axyon AI. Their deep expertise in both finance and AI, coupled with a track record of successful innovations, increases confidence in the company’s ability to realize its vision and provide tangible added value to the financial sector. Axyon AI’s solutions prove to be scalable and adaptable and therefore able to meet the diverse needs of financial institutions. This makes them a strategic partner that can evolve and keep pace with the dynamic requirements of the financial ecosystem. We are excited to partner with Daniele and the entire Axyon AI team. Our investment is a testament to our belief in the transformative power of AI in the financial sector, as well as our confidence in the company’s ability to deliver it successfully.”
Gianluca D’Agostino and Aurelio Mezzotero, managing partners at The Techshop said: “We are delighted to invest in Axyon AI and help them grow their customer base. AI will play a central role in every asset manager’s investment process and will transform into a global and truly borderless industry. in this new world, Daniele, Giacomo, Jacopo and their team are in a promising position to take center stage. We look forward to working with them and other key investors, bringing our AI clout to the table, combined with our knowledge of the fintech industry and ongoing support.”
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