EthonAI, an industrial tech spin-off from ETH Zurich in Switzerland, raised USD 6.8M in Seed funding.
The round was led by Earlybird Venture Capital and La Famiglia with participation from existing investors Wingman and Acequia Capital.
The company intends to use the funds to further develop its technology and bring its products to a wider market.
Led by CEO Dr. Julian Senoner, EthonAI provides a software platform that helps manufacturers boost performance by detecting, monitoring, and preventing quality losses at scale. The platform offers a suite of software tools for vision-based defect detection, process monitoring, and root cause analysis without process engineers and quality managers writing a single line of code. Manufacturers using the EthonAI platform have seen significant increases in productivity and reduction in quality losses. This improves manufacturers’ financial performance and helps reduce environmental impact.
One year after the company’s incorporation, EthonAI counts leading manufacturers, like Siemens, Roche, and Lindt & Sprüngli, among its customers.
FinSMEs
15/02/2023