EthonAI raised $16 million in funding led by Index Ventures to enhance AI-powered manufacturing processes.

May 30, 2024•over 1 year ago

Amount Raised

$16 Million

ZurichMachine LearningArtificial IntelligenceManufacturingSoftware

Investors

FounderfulEarlybirdGeneral CatalystIndex Ventures

Description

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 Information

Company

EthonAI

Location

Zurich, Zurich, Switzerland

About

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.

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