Veezoo Secures 6 Million Dollars in Series a Financing

(CONNECT) Veezoo, based in Zurich, has secured 6 million dollars in a Series A financing round. With the fresh capital from the financing led by ACE Ventures, the company, which specializes in agent-based analytics, intends to expand its market position in Europe and the USA, according to a press release.

Veezoo was recognized as a Gartner Cool Vendor 2024 in the field of artificial intelligence (AI) models and natural language technologies. The company, a spin-off of the Swiss Federal Institute of Technology in Zurich (ETH), combines data analysis based on artificial intelligence with natural languages in its solutions. Users, for example in the marketing sector, can ask a question in an input field, which is then answered on the basis of the data. According to the press release, a large number of companies trust Veezoo's offering, including AXA, Breitling and Valora.

"After almost a decade of building an AI-based analytics platform and deploying it on a large scale at leading companies, we are now ready for expansion," Marcos Monteiro, co-founder and CEO of Veezoo, is quoted as saying in the press release. "This 6 million dollar financing round will allow us to take what is already working for our customers to the next level, expand our presence in Europe and the United States and further develop our technology." ce/ww