Axyon AI: Italian Fintech amp; AI Powerhouse, Funded by Montage Ventures

Axyon AI, an Italian fintech company leveraging AI technology, has closed a new funding round led by US venture capital firm Montage Ventures. The €3.9m ($4.5m) investment will be used to support the company’s commercial expansion and technological development initiatives. Axyon AI integrates AI-powered insights and active indices to provide asset managers with greater precision and insight in navigating complex market dynamics. The company was founded in 2016 and claims to be one of the world’s most innovative AI technology providers for financial services. The funding round raised €2.3m in cash, with the remaining €1.6m secured through the conversion of convertible notes issued in 2022. Other investors in the round included The Techshop SGR, CDP Venture Capital, ING Ventures and UniCredit.