Axyon AI, a pioneering Italian AI fintech company which improves asset manager performance by delivering alpha opportunities via AI-based rankings and AI model strategies, has successfully closed a further €2.1 million in funding.
This round had the participation of the US-based venture capital firm Green Sands Equity, the Italian holding firm Investment Opportunity 1 and other angel investors, and marks the completion of a funding round totalling €6 million initiated in December 2023 to expand Axyon AI’s innovations for asset managers.
The capital will significantly bolster Axyon AI's commercial expansion and technological initiatives, accelerating its mission to revolutionise the asset management industry with advanced predictive AI solutions. These resources will enable Axyon AI to further innovate and enhance its AI-powered tools, offering asset managers unparalleled precision and insight into complex market dynamics.
Daniele Grassi, CEO and co-founder of Axyon AI, comments:
“We are very pleased to close this funding round by strengthening our partnership and welcoming Investment Opportunity 1 and Green Sands Equity. Having a second US-based VC investing in an Italian FinTech is a testament to our global potential. This round underlines the shared confidence in our mission to revolutionise asset management and fuel our commercial expansion beyond Europe.”
Reema Kahn, CEO and founder of Green Sands Equity adds:
"AI is systematically transforming industries, and asset management is no different, though the sector has yet to fully exploit its capabilities. Axyon AI, with its proven performance and advanced algorithmic models, is optimally positioned to integrate with asset managers. As asset managers seek new ways to generate alpha, Axyon AI’s advanced AI models stand ready to support the industry’s evolution, offering powerful tools for predictive analysis and model optimisation."
Since its foundation in 2016, Axyon AI has been at the forefront of delivering state-of-the-art AI-based predictive solutions. Integrating cutting-edge AI insights and active indices, the company empowers asset managers to navigate market complexities with enhanced accuracy.