Thu, Nov 21 2024

Axyon AI Enhances AI Asset Management with New €2.1 Million Investment

October 15, 2024
2 Min Reads

Axyon AI has successfully raised an additional €2.1 million, bringing the entire investment round that was started in December 2023 to €6 million.

AI

The US-based venture capital firm Green Sands Equity, the Italian holding company funding Opportunity 1, and a number of angel investors made major contributions to this funding round.

 

By providing alpha chances, the organization, which specializes in enhancing asset manager performance through AI-based rankings and AI model strategies, has left a lasting impression on the asset management sector. With the help of Axyon AI's cutting-edge predictive AI solutions, asset managers can navigate the intricate dynamics of the modern financial markets with increased accuracy and precision.

 

The recently obtained capital will be used to further Axyon AI's technological and commercial development projects. With the help of these resources, the business will be able to improve and innovate its AI-powered products even further, greatly enhancing the services it provides to asset managers worldwide.

 

Further details from the fundraising round demonstrate Axyon AI's potential on a worldwide scale. This investment round represents the second time that a US-based venture capital firm has made an investment in the Italian FinTech, demonstrating great trust in the company's goals and technological prowess.

 

The CEO and co-founder of Axyon AI, Daniele Grassi, stated, "We are very pleased to close this funding round by strengthening our partnership and welcoming Investment Opportunity 1 and Green Sands Equity." in response to the funding round's conclusion. A second US-based venture capital firm investing in an Italian fintech is evidence of our potential worldwide. This round demonstrates the mutual trust we have in our goal to transform asset management and advance our business outside of Europe.

 

"AI is systematically transforming industries, and asset management is no different, though the sector has not yet fully exploited its capabilities," stated Reema Kahn, CEO and creator of Green Sands Equity. Axyon AI is in a prime position to interface with asset managers thanks to its sophisticated algorithmic models and demonstrated performance. Axyon AI's cutting-edge AI models are prepared to assist the industry's transformation as asset managers look for new methods to produce alpha by providing strong tools for predictive analysis and model optimization.

 

Since its founding in 2016, Axyon AI has led the way in fusing active indices with state-of-the-art AI insights, enabling asset managers to more accurately traverse the complexity of the market.

Leave a Comment
logo-img Fintech Newz

All Rights Reserved © 2024 Fintech Newz