EthonAI raised $16 million in funding led by Index Ventures to enhance AI-powered manufacturing processes.
EthonAI raised $16 million in funding led by Index Ventures to enhance AI-powered manufacturing processes.
05/30/24, 8:11 AM
Location
zurichMoney raised
$16 million
Industry
machine learning
artificial intelligence
manufacturing
software
Investors
Founderful, Earlybird, General Catalyst, Index Ventures
EthonAI, a startup utilizing artificial intelligence to optimize manufacturing processes for global-scale manufacturers, raised $16 million in a funding round led by Index Ventures. The company's 'causal AI' models have already proven effective in improving efficiency for clients such as Siemens, Lindt & Spruengli, and Roche.
Company Info
Location
zurich, zurich, switzerland
Additional Info
EthonAI is an AI-powered platform that detects, monitors, and prevents quality defects in manufacturing. Our products are used by world-leading manufacturers and have already proven to reduce production waste by up to 50% while increasing job satisfaction of factory workers. We aim for nothing less than setting a new gold standard for AI in manufacturing. To learn more about EthonAI, visit www.ethon.ai.