DemoSquare, a Lausanne, Switzerland-based provider of AI-powered software designed to help companies anticipate and manage political and regulatory changes, raised CHF1.2 M in funding.
The round was led by QBIT Capital with participation from High-Tech Gründerfonds.
The company intends to use the funds to accelerate its expansion into the European markets.
Led by Dr. Victor Kristof (CEO) and Dr. Jérémie Rappaz (CTO), DemoSquare offers an AI-powered SaaS platform designed to help companies navigate the complexities of regulations efficiently and stay ahead of legislation. They collect and aggregate political and regulatory data coming multiple sources, such as the Swiss parliament, federal courts, news media, and more. The machine learning algorithms, they are developing then extract patterns and information from these data to make public-affairs teams more effective. For example, its monitoring pipeline tracks changes and sends email alerts when a regulation that’s important to a company moves forward. It is also developing predictive models to estimate the chances of law proposals becoming actual legislation.
FinSMEs
08/08/2024