Axyon AI secures €3.9m to expand AI innovations for asset managers
By Gloria Methri
Axyon AI, an Italian AI FinTech company, has closed its latest funding round led by US-based Montage Ventures and accompanied by Techshop SGR, alongside other angel investors. The round marks a new chapter in Axyon AI’s journey towards revolutionising the Asset Management industry with technology.
The €3.9 million capital injection will catalyse Axyon AI’s commercial expansion and technological development initiatives, fostering further innovation. The funding round will provide €2.3 million in new cash, with the remaining €1.6 million secured through the conversion of notes issued in 2022. These notes were subscribed by the Rilancio Startup fund by CDP Venture Capital, ING Ventures and UniCredit, among others.
Since its foundation in 2016, Axyon AI has been delivering advanced AI-driven predictive solutions. By integrating AI-powered insights and active indices, FinTech enables asset managers to navigate complex market dynamics with greater precision and insight.
Daniele Grassi, CEO and co-founder of Axyon AI said, “This fundraising round, bolstered by the partnership with Montage Ventures and Techshop, is a significant leap forward. Their confidence in our vision and extensive support are instrumental to our accelerated growth. This investment ushers in an innovation and commercial expansion era at Axyon AI, and I am eager to work towards our vision of providing the most accurate and reliable AI solutions for investment management.”
Todd Kimmel, Managing Director of Montage Ventures, expressed his views saying, “We believe that asset allocation is undergoing a transformative phase, and AI will play a pivotal role in shaping its future. Axyon AI is well-positioned to capitalize on this opportunity by leveraging its state-of-the-art technology to deliver alpha opportunities via AI-powered asset rankings and model strategies on their preferred asset classes. Our investment in Axyon AI is a testament to our belief in the transformative power of AI in the financial sector and our confidence in the company’s ability to execute.”
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