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Ethonai Secures $6.8 Million Seed Funding To Scale Its Quality Loss Prevention Industrial Manufacturing Software

Feb 14, 2023almost 3 years ago

Amount Raised

$6.8 Million

Round Type

seed

ZurichMachine LearningArtificial IntelligenceManufacturingSoftware

Investors

La FamigliaEarlybird Venture Capital

Description

Today EthonAI, an industrial tech spin-off from ETH Zurich in Switzerland, has secured a $6.8 million seed round co-led by Earlybird Venture Capital and La Famiglia.

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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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers