Modena, Italy-based Axyon AI, a provider of Predictive AI-powered solutions for the investment management sector, has secured a further €4.3M led by CDP Venture Capital.
CDP Venture Capital is an asset management company participated by CDP Equity (70 per cent) and Invitalia (30 per cent) to make venture capital a cornerstone of Italy’s economic development and innovation.
CDP Venture Capital manages 13 investment funds, amounting to over €3B in resources that support innovative enterprises at all stages of their life cycle, making both direct and indirect investments (funds of funds).
Caterina Siclari, Head of Rilancio Startup Fund of CDP Venture Capital, says, “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.”
Co-investors include US-based VC Green Sands Equity, Italy’s Montage Ventures, and SIMEST, which manages Fund F.394 in agreement with the Italian Ministry of Foreign Affairs and International Cooperation (MAECI).
Since its inception, Axyon AI has raised €11.9M from Italian and international investors, including Silicon Valley VCs.
This new capital will help the company accelerate the expansion of its AI’s coverage of financial markets and the development of ground-breaking solutions for AI explainability in investment management.
Axyon AI: Providing a predictive AI solution
Founded by Giacomo Barigazzi, Daniele Grassi, and Jacopo Credi, Axyon AI provides Predictive AI solutions, specialising in forecasting the relative out and underperformance of financial assets over specific periods.
By integrating a wide range of traditional and alternative data with state-of-the-art proprietary technology, the company provides asset managers, hedge funds, and financial infrastructure providers with strategic insights.
This enables them to navigate complex market dynamics with greater precision and timeliness.
The company’s technology offers financial institutions data-driven intelligence to optimise their investment strategies.
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,” adds Grassi.
