Today: Mar 01, 2024

Axyon AI soars to new heights with €3.9m asset management boost

1 month ago

TITLE – TLDR: Axyon AI Receives €3.9 Million Boost in Funding

  • Axyon AI, an Italian company specializing in AI for asset management, has completed a funding round led by Montage Ventures
  • The funding round raised €3.9 million, which will be used to support the company’s technological and commercial growth

Axyon AI, an Italian company that specializes in AI solutions for asset management, has raised €3.9 million in a funding round led by Montage Ventures. The funds will be used to fuel the company’s technological and commercial growth, allowing it to further advance its AI solutions for asset managers.

Axyon AI was founded in 2016 and has been at the forefront of utilizing AI technology to provide predictive solutions for asset management. With its AI-powered insights and active indices, the company aims to help asset managers make more informed decisions in a complex market environment.

The recent funding round will allow Axyon AI to accelerate its trajectory in innovation and commercial expansion. The company plans to use the funds to further develop its cutting-edge solutions and provide the most accurate and reliable AI solutions for investment management.

Daniele Grassi, the CEO and co-founder of Axyon AI, expressed his excitement about the new funding round and the opportunity it presents for the company. He stated that the partnership with Montage Ventures and Techshop is a significant leap forward for Axyon AI and will support the company’s accelerated growth. Grassi also emphasized the importance of AI in asset management and the role Axyon AI plays in this evolving landscape.

The funding round included €2.3 million in new capital and 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.

Todd Kimmel, Managing Director of Montage Ventures, expressed his conviction in the transformative potential of AI in asset allocation and recognized Axyon AI’s prominent role in this transition. Gianluca D’Agostino and Aurelio Mezzotero, managing directors at Techshop, commended Axyon AI for its promising position in the evolving landscape of asset management.