Axyon AI, a prominent player in the FinTech sector, has successfully secured a €4.3 million investment round.

The funding was led by CDP Venture Capital, with notable contributions from US-based venture capital firms Green Sands Equity and Montage Ventures, the Italian holding firm Investment Opportunity 1, and SIMEST, acting on behalf of the Fund F.394 managed in agreement with the Italian Ministry of Foreign Affairs and International Cooperation (MAECI).

Established in 2016, Axyon AI specialises in leveraging predictive AI technology to enhance investment management practices. The company’s innovative solutions focus on improving the accuracy and efficiency of investment strategies through advanced data analytics and AI explainability.

The new funding will be instrumental in broadening Axyon AI’s reach in the financial markets and further developing cutting-edge solutions. This capital boost aims to enhance the company’s commercial presence and improve the coverage of its AI-powered solutions, positioning Axyon AI at the forefront of AI explainability in the investment management industry.

In addition to funding details, the company plans to use the investment to expand its product offerings and strengthen its market presence. Axyon AI has introduced AI-powered factors and its AI-Compass, an alert system that provides insights into market trends and potential risks, enhancing quantitative analysis for investment managers.

Daniele Grassi, CEO and co-founder of Axyon AI, commented, “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.”