EthonAI Raises $16.5M (CHF 15M, €15.3M) in Series A Funding Led by Index Ventures

May 30, 2024, 09:19 AM

EthonAI, a company specializing in AI-driven manufacturing analytics, has successfully raised $16.5 million (CHF 15M, €15.3M) in a Series A funding round. The round was led by Index Ventures and joined by existing investors such as General Catalyst, Founderful, and Earlybird. EthonAI aims to revolutionize the manufacturing sector by providing smarter factories with causal AI, which enhances the capabilities of factories, manufacturers, and engineers. The funding will support the company's mission to build the future of manufacturing with advanced AI technologies.