AxonJay raises €1.5M to expand real-time AI assistants globally
AxonJay, a deeptech AI company and multi-award winner, has secured €1.5 million in seed funding to scale its AI-assistants globally. Known for its Self-Machine-Learning Platform, AxonJay's AI tools empower business leaders to make real-time decisions with 80% greater accuracy.
This latest funding round was completed following a successful pitch at London’s Largest Demo Day, hosted by Rare Founders.
With the fresh capital, AxonJay is set to commercialise its AI-Sales Assistant and AI-Private Fund Assistant, offering business professionals enhanced decision-making tools in a transparent, sustainable manner. Expansion plans include launching its AI-Sales Assistant in the US and its AI-Private Fund Assistant in the Asian market, with new offices planned for Q4 2024. Additionally, AxonJay recently became the official predictive-AI supplier for SAP, marking a significant milestone in its growth.
The company’s funding journey was swift. During April 2024’s Demo Day, where 100 startups pitched to over 200 investors, AxonJay's 60-second presentation quickly captured investor interest. One investor committed within days, reinforcing market confidence in AxonJay's vision and technology.
AxonJay’s standout feature is its unique Data Peeling technique and Self-Machine-Learning Platform, which moves beyond traditional AI models that rely on static data. Instead, AxonJay harnesses real-time global data, generating thousands of signals to predict company behaviour and trends. This dynamic, adaptable platform reduces the need for large data science teams, making it both cost-effective and highly sustainable. The system also uses up to 80% less electricity than conventional AI systems, a key reason AxonJay was named the global winner of Google’s Startup Cloud Program in 2023.
By democratising AI, AxonJay makes advanced machine learning accessible to businesses without deep technical expertise. This real-time, energy-efficient approach ensures companies can make agile decisions in today’s fast-moving markets, with complete transparency – a key factor driving AxonJay’s success in the AI landscape.
Jean-Philippe Schepens van Thiel, Founder and CEO of AxonJay, commented: “This milestone is an incredibly exciting show of what we have on offer, and we’re excited to build even further. And raising through the event was great - the Rare Founders approach to startups and scaleups is exactly how AxonJay’s DNA is defined: transparent, IRT, unique, impactful and no-nonsense! Just chase the vision with your values and the money will follow!”
Vasily Alekseenko, Founder and CEO of Rare Founders, commented: “We are thrilled to see AxonJay close their latest round of funding and it's a truly incredible feeling knowing that London's Largest Demo Day played a significant role in their success. We are hosting the next edition in October where we hope to see more startups, like AxonJay, funded as a result of our work.”
