Swiss AI Startup EthonAI Raises $16.5M in Series A Funding Led by IndexVentures

May 30, 2024, 04:06 PM

EthonAI, a Swiss AI manufacturing startup, has successfully raised $16.5 million in a Series A funding round led by IndexVentures. The company is known for developing advanced AI solutions that enhance factory operations, providing manufacturers with 'superpowers' through causal AI. EthonAI aims to build smarter factories with its technology. In its three-year history, EthonAI has secured notable clients, including Siemens and Lindt. This funding round highlights the growing investment interest in AI-driven manufacturing technologies.