AxonJay, a deep-tech startup, has successfully raised €1.5 million in funding, marking a significant step in expanding its proprietary AI technology. This investment will facilitate the company’s effort to broaden its reach and make AI more accessible to global businesses. AxonJay aims to revolutionize real-time decision-making by integrating its AI assistants into various business processes, thus promising improved outcomes and efficiency.
How Does AxonJay’s Technology Work?
The company’s innovative Self-Machine-Learning (Self-ML) Platform stands out from traditional AI systems by utilizing real-time, trusted global data sources. Unlike conventional models dependent on static and structured data, AxonJay’s technology processes thousands of signals to predict company behaviors and trends accurately. This not only enhances decision-making but also reduces the demand for extensive data science teams, making it a more cost-effective and transparent solution.
Why Is AxonJay’s Approach Significant?
By employing its Data Peeling technique, AxonJay addresses the accessibility challenge of AI, enabling businesses to leverage AI without deep technical expertise. Furthermore, their technology optimizes energy use, consuming up to 80% less electricity, which contributed to AxonJay’s recognition as the global winner of Google (NASDAQ:GOOGL)’s startup cloud program in 2023. The platform’s adaptability ensures that AI can be deployed sustainably and efficiently across industries.
AxonJay’s recent appointment as the predictive-AI supplier for SAP demonstrates the practical applications and growing recognition of its technology. This partnership is a testament to the platform’s capability to meet enterprise demands and further enhance business intelligence. The company’s agile response to market needs exemplifies its commitment to delivering impactful AI solutions in real-time.
This development follows a swift funding journey, initiated when CEO Jean-Philippe Schepens van Thiel captivated investors with a concise presentation at the Rare Founders demo day in April 2024. His pitch led to immediate interest and a quick decision from investors to support the company’s vision.
“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!”
AxonJay looks to utilize the newly acquired funds to commercialize its AI-Sales assistant and AI-Private Fund assistant, pushing into the US and Asian markets. These expansions aim to augment business intelligence transparently and sustainably, with new offices planned to open by Q4 2024.
AxonJay’s distinct approach to AI has positioned it as a notable player in the industry. The combination of real-time data utilization, energy efficiency, and accessibility makes its Self-ML Platform a compelling option for businesses seeking to enhance decision-making processes. As AI continues to evolve, companies like AxonJay are at the forefront, showcasing the potential of advanced AI technologies to drive business success. Looking ahead, the startup’s focus on sustainability and transparency is likely to resonate well with businesses globally, especially in sectors prioritizing eco-friendly solutions.
