Axyon AI, a pioneering Italian C corporation, has closed its latest funding round led by American venture capital firm Montage Ventures and accompanied by Techshop SGR, alongside other angel investors. This round marks a new chapter in Axyon AI’s journey to revolutionize the asset management industry with cutting-edge AI technology.
The capital injection of €3.9 million will catalyze Axyon AI’s business expansion and technology development initiatives, thereby driving innovation. The funding round will provide 2.3 million euros of new liquidity, the remaining 1.6 million euros being guaranteed by the conversion of convertible bonds issued in 2022, subscribed by the “Rilancio Startup fund” by CDP Venture Capital, ING Ventures and UniCredit, among others. .
Since its inception in 2016, Axyon AI has been at the forefront of providing advanced AI-driven predictive solutions. By integrating cutting-edge AI-driven insights and active indices, Axyon AI enables asset managers to navigate complex market dynamics with greater precision and insight.
Daniele Grassi, CEO and co-founder of Axyon AI, comments:
“This fundraising, reinforced by the partnership with Montage Ventures and Techshop, constitutes a significant step forward. Their confidence in our vision and their extensive support are essential to our accelerated growth. This investment ushers in an era of innovation and business expansion at Axyon AI, and I look forward to working toward our vision of providing the most accurate and reliable AI solutions for investment management.
Todd Kimmel, Managing Director of Montage Ventures, expresses his views:
“We believe that asset allocation is going through a transformation phase and that AI will play a central role in shaping its future. Axyon AI is well positioned to capitalize on this opportunity by leveraging its industry-leading technology to deliver alpha opportunities through AI-driven asset rankings and modeling strategies across their preferred asset classes.
The exceptional team behind Axyon AI was a key factor in our decision. Their deep expertise in finance and AI, along with their track record of successful innovations, inspires confidence in the company’s ability to execute on its vision and deliver tangible value to the financial industry.
Axyon AI’s solutions demonstrate scalability and adaptability to meet the diverse needs of financial institutions. This flexibility positions them as a strategic partner capable of evolving alongside the dynamic demands of the financial ecosystem.
We are excited to partner with Daniele and the Axyon AI team. Our investment in Axyon AI demonstrates our belief in the transformative power of AI in the financial sector and our confidence in the company’s ability to execute.
“We are happy to invest in Axyon AI and help them grow their customer base” – says Gianluca D’Agostino and Aurelio Mezzotero, general directors of Techshop. “AI will become central to the investment process of every asset manager and will transform into a global, truly borderless industry: in this new world, Daniele, Giacomo and Jacopo and their team are in a promising position to occupy the front of the stage. We look forward to working with them and their distinguished investors in this endeavor, bringing our AI influence, coupled with our fintech industry knowledge and unwavering support.
