Axyon AI, a fintech startup engaged in the development of technology solutions based on predictive artificial intelligence for the asset management sector, announces that it has closed a new EUR 4.3 million funding round led by CDP Venture Capital. Also participating in the deal are US venture capitalists Green Sands Equity and Montage Ventures, Italian holding company Investment Opportunity 1 and Simest on behalf of the F.394 Fund, managed in agreement with the Ministry of Foreign Affairs and International Cooperation, as co-investors.
Since its foundation in 2016, Axyon AI has raised capital totalling €11.9m from Italian and international investors, including a number of Silicon Valley VCs. This latest fundraising marks a new chapter in its journey to revolutionise the investment management industry with cutting-edge AI technology. The new capital injection will foster its expansion and enable the development of innovative solutions for the deployment of AI in investment management.
Daniele Grassi, CEO and co-founder of Axyon AI, (pictured) comments in a note: ‘This funding round, supported once again by our existing shareholders, reaffirms our confidence in our vision and accelerates our expansion beyond our current markets. Artificial intelligence has proven to be a powerful ally for traditional and quantitative fund managers seeking to improve their investment strategies with precise, data-driven insights. With this latest investment, we will be able to expand our commercial presence, improve the coverage of our solutions and take further steps in the vanguard of AI explainability in financial markets.”
Caterina Siclari, Head of CDP Venture Capital’s Fondo Rilancio Startup, adds: “We are pleased to confirm our support for Axyon AI in this new financing round; it is a company that plays an increasingly central role in the development of innovative investment strategies for managers and companies. CDP Venture Capital emphasises the progressive use of artificial intelligence in the business world, one of the priority investment sectors identified in our industrial plan. Supporting innovative companies such as Axyon AI fits perfectly into this strategy’.
Reema Kahn, CEO and founder of Green Sands Equity says: “Green Sands is committed to supporting frontier technologies that redefine industries, and Axyon AI is an example of this mission. Leveraging advanced predictive AI and deep learning, Axyon AI offers scalable, high-performance solutions that enable investment managers to navigate complex financial markets with precision and confidence. Their commitment to AI innovation, particularly in real-time explainability and analytics, positions them as true leaders in the next generation of fintech. We are proud to support Axyon AI in shaping the future of investment management through cutting-edge technology.”
“At Montage, we believe that asset allocation is going through a transformational phase and that AI will play a key role in shaping its future. Axyon AI is well positioned to capitalise on this opportunity, leveraging its cutting-edge technology to deliver alpha opportunities through AI-powered asset rankings and model strategies on their preferred asset classes,” says Todd Kimmel, managing partner at Montage Ventures.
Since its foundation, Axyon AI has been at the forefront of AI-based predictive analytics, providing investment managers with cutting-edge technology to improve decision-making. Building on its robust process, the company 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 quantitative factors designed to optimise AI technology and effectively train models, and 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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