Zurich – Aisot has closed a financing round with 1.8 million Swiss francs. The fresh capital will be used to finance product development and new growth. The spin-off from the Swiss Federal Institute of Technology Zurich develops artificial intelligence-based analysis tools for the capital market.
Aisot has raised 1.8 million Swiss francs in capital, according to a statement published on the company blog. The seed financing round was led by Haute Capital Partners AG. In addition, the Swiss ICT Investor Club and private investors are among the backers. This brings Aisot's total funding to 2.3 million Swiss francs.
Aisot was launched in 2019 as a spin-off of the Swiss Federal Institute of Technology Zurich (ETH). The spin-off specialises in the development of artificial intelligence (AI)-based solutions for equity and crypto markets. The products make it possible to use data, quantitative tools and AI in forecasts and analyses of financial products, it says.
With the investment company Haute, Aisot has found the ideal partner for the further development of AI products, CEO Stefan Klauser is quoted as saying. The capital increase will be used for important additions to the team and critical customer requirements, in the expansion of products and growth initiatives.
The quoted Thibault Leroy Bürki, president and CEO of Haute, justifies the investment for Aisot with its "innovative approach to wealth management, advanced AI engine and ability to generate alpha in real time". The AI solutions make it possible to adapt customised portfolios to market trends in real time and at the same time generate alpha, i.e. an excess return. heg/Café Europe