Adrian JohnsonTLDR:
– Modena-based AI fintech company Axyon AI has raised €3.9m in funding, which will be used to support its commercial expansion and technological development initiatives.
– The funding round was led by Montage Ventures with participation from Techshop SGR and other angel investors, and included the conversion of convertible notes issued in 2022.
– Axyon AI helps asset managers uncover alpha opportunities with AI-powered insights and active indices, enabling them to navigate complex market dynamics more effectively.
Axyon AI, an AI fintech company based in Modena, Italy, has raised €3.9m in funding. The funding round was led by Montage Ventures, with participation from Techshop SGR and other angel investors. Additionally, €1.6m of the funding was secured through the conversion of convertible notes issued in 2022, subscribed by the “Rilancio Startup fund” by CDP Venture Capital, ING Ventures, and UniCredit, among others. The funds will be used to support Axyon AI’s commercial expansion and technological development initiatives.
Axyon AI uses AI to help asset managers optimize indices on equities and ETFs and offers AI-powered asset rankings. By integrating AI-powered insights and active indices, the company enables asset managers to navigate complex market dynamics with precision and insight, helping them uncover alpha opportunities. This funding round marks a significant development for Axyon AI, with CEO Daniele Grassi stating that the partnership with Montage Ventures and Techshop is instrumental to the company’s accelerated growth. Grassi also expressed a commitment to providing the most accurate and reliable AI solutions for investment management.
