ING Ventures leads €1.3m series-A for Axyon AI

The investment also saw the participation of Italian bank UniCredit and several angel investors.

The company plans to use the fresh capital to accelerate its growth, further develop its product offering and support additional investments in research and development.

Company
Founded in 2016 and based in Modena, Axyon AI is a finance-focused deep-learning platform for asset managers. The company's key product, SynFinance, is based on an algorithm that learns from hundreds of thousands of transactions and provides predictive analysis and market insights. The platform is able to identify the investors most likely to participate in a syndicated loan and help investment banks advise their clients. Axyon has partnership with Thomson Reuters' Refinitiv, IBM and Nvidia.

People
ING Ventures – Benoit Legrand (CEO).
UniCredit – Ranieri De Marchis (co-chief operating officer).
Axyon AI – Daniele Grassi (CEO).

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• Topics
• Expansion
• Southern Europe
• Technology
• Venture
• Italy
• ING
• UniCredit