Axyon AI, an Italian AI fintech firm which enhances asset manager performance by delivering alpha opportunities via AI-based rankings and AI model strategies, has reportedly closed a further € 2.1 million in funding.
This latest investment round had the participation of the US-based venture capital firm Green Sands Equity, the Italian holding firm Investment Opportunity 1 and other angel investors, and marks the completion of a funding round totaling €6 million “initiated in December 2023” in order to further expand Axyon AI’s innovations for asset managers.
As noted in the announcement, the capital injection will aim to support Axyon AI’s commercial expansion and technological initiatives, enabling its mission to improve the asset management industry with predictive AI solutions.
These resources will enable Axyon AI to further innovate and enhance its AI-powered tools, providing asset managers unparalleled precision and insight into complex market dynamics.
Daniele Grassi, CEO and co-founder of Axyon AI, said that they are pleased to close this latest funding round by strengthening their partnership and welcoming Investment Opportunity 1 and Green Sands Equity.
Grassi added that having a second US-based VC investing in an Italian FinTech is a testament to their global potential.
Reema Kahn, CEO and founder of Green Sands Equity added that AI is systematically transforming industries, and asset management is no different, though the sector has yet to “fully exploit its capabilities.”
Kahn added that Axyon AI, with its performance and algorithmic models, is positioned to integrate with asset managers.
Kahn also mentioned that as asset managers look for ways to generate alpha, Axyon AI’s I models stand ready to support the industry’s evolution, offering powerful tools for “predictive analysis and model optimization.”
Since their launch back in 2016, Axyon AI has been focused on delivering AI-based predictive solutions.
Integrating AI insights and active indices, the company explains that aims to empower asset managers to “navigate market complexities” with accuracy.
Green Sands Equity is an private equity investment firm investing across all stages of tech and healthcare firms, with a focus on growth equity.
Based in San Francisco and with other offices across the globe, it has also invested in tech firms like Spotify and Airbnb.