Axyon AI secures €4,3 million investment round

Axyon AI secures €4,3 million investment round to expand AI innovations for the investment management industry

Our co-founders: Giacomo Barigazzi, Daniele Grassi and Jacopo Credi

Modena, Italy — Axyon AI, a leading tech provider of Predictive AI-powered solutions for the investment management sector, has secured a further €4,3 million funding round led by CDP Venture Capital. US-based venture capital firms Green Sands Equity and Montage Ventures, the Italian holding firm Investment Opportunity 1 and SIMEST on behalf of the Fund F.394 managed in agreement with the Italian Ministry of Foreign Affairs and International Cooperation (MAECI), are co-investors.

Since its founding in 2016, Axyon AI has raised €11,9 million from Italian and international investors, including Silicon Valley VCs. This latest investment round marks a new chapter in its journey towards revolutionising investment management with cutting-edge AI technology. This new capital injection will fuel the expansion of Axyon AI's coverage of financial markets and the development of ground-breaking solutions for AI explainability in investment management.

Daniele Grassi, CEO and co-founder of Axyon AI, comments:

“This funding round, backed once again by our existing shareholders, reaffirms the confidence in our vision and accelerates our expansion beyond current markets. Artificial Intelligence has proven a powerful ally for traditional and quantitative investment managers seeking to enhance their investment strategies with precise, data-driven insights. With this latest investment, we will be able to expand our commercial presence, enhance the coverage of our solutions, and build on our leadership position for AI explainability in financial markets."

Caterina Siclari, Head of Rilancio Startup Fund of CDP Venture Capital, expresses her views:

“We are pleased to confirm our support for Axyon AI in this new funding round, a company that plays an increasingly pivotal role in the development of innovative investment strategies for managers and firms. CDP Venture Capital emphasizes the progressive use of artificial intelligence in the business world, one of the priority investment sectors identified in our Industrial Plan. Supporting innovative startups like Axyon AI fits perfectly into this strategy."

Reema Khan, CEO and founder of Green Sands Equity, adds:

“At Green Sands, we are dedicated to backing frontier technologies that redefine industries, and Axyon AI exemplifies this mission. By harnessing advanced predictive AI and deep learning, Axyon AI is delivering high-performance, scalable solutions that enable investment managers to navigate complex financial markets with precision and confidence. Their commitment to AI innovation, particularly in explainability and real-time analytics, positions them as a true leader in the next generation of fintech. We are proud to support Axyon AI as they shape the future of investment management through cutting-edge technology.”

Todd Kimmel, Managing Partner at Montage Ventures, says:

“We at Montage 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 capitalise on this opportunity by leveraging its state-of-the-art technology to deliver alpha opportunities via AI-powered assets rankings and model strategies on their preferred asset classes." Since its founding, Axyon AI has been at the forefront of AI-powered predictive analytics, empowering investment managers with cutting-edge technology to enhance decision-making. Building on its robust process, the company has recently expanded its offering of AI-based signals and AI-powered strategies with two innovative solutions: AI-powered factors (high-quality, normalised, and ready-to-use quant factors designed to optimise AI technology and train AI models effectively) and its AI-Compass, an advanced AI-generated alert system that provides insights into market developments, emerging trends, and potential risks, providing a valuable complement to quantitative analysis.

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About Axyon AI

Axyon AI is a fintech company on a mission to empower investment managers with scalable research-led AI technologies that deliver timely signals and predictive insights. Founded in 2016, Axyon AI is a leading provider of Predictive AI solutions, specialising in forecasting the relative out and underperformance of financial assets over specific time periods. Its technology offers financial institutions data-driven intelligence to optimise their investment strategies. Axyon AI is proud to be one of the world’s most innovative AI technology providers for financial services, being one of the few to experiment with Quantum computing applications for the investment management sector and included in the WealthTech100 list for 2024.

Learn more at axyon.ai and follow us on LinkedIn.

About CDP Venture Capital

CDP Venture Capital is an asset management company participated by CDP Equity (70%) and Invitalia (30%) with the goal of making venture capital a cornerstone of Italy's economic development and innovation, creating the conditions for the overall, sustainable growth of the entire innovation ecosystem. CDP Venture Capital manages 13 investment funds, amounting to over 3 billion euros in resources that support innovative enterprises at all stages of their life cycle, making both direct and indirect investments (funds of funds).

To learn more, visit: www.cdpventurecapital.it

About Green Sands Equity

Green Sands is a Silicon-Valley-based boutique venture capital investment firm focused on investment in Technology, Health, Space, and Frontier Tech. We empower companies that reimagine industries. While focused on Growth, we invest across all stages of a company’s journey.

To learn more, visit: www.greensandsequity.com 

About Montage Ventures

Montage Ventures is an early-stage venture capital firm based in Menlo Park. Montage Ventures focuses on three critical sectors that collectively account for over half of the US GDP: Financial Services, Healthcare, and Commerce. We partner with ambitious, technical founders that are seeking to challenge the status quo and have demonstrated an ability to help those founders unlock the next level of success. To date, we have invested in over 75 portfolio companies across 3 funds. 

To learn more about our portfolio, active investment themes, founder engagement model and team, visit www.montageventures.com.

About SIMEST

SIMEST is the company of the Cassa Depositi e Prestiti Group that supports the growth and competitiveness of Italian companies operating abroad. SIMEST assists businesses in all initiatives related to innovation and sustainability, guiding them through the entire process of international expansion, from initial approaches to a new market to expansion through foreign direct investments. The areas of activity include subsidized financing, equity investments, and export support.