Axyon AI, an Italian fintech startup that developed an app for capital markets and asset management professionals based on deep learning, a powerful branch of artificial intelligence, announced yesterday a 1.3 million euros investment round led by ING Ventures (ING Bank group) and UniCredit with the partecipations of angel investors too (see here the press release).
Founded by ceo Daniele Grassi, Axyon is based in Modena and has a representative office in London. The startup also works with the Universities of Modena and Reggio Emilia.
Axyon developed a product called SynFinance, a platform able to identify investors who are more likely to enter a syndacated loan pool. Axyon recently partnered with Refinitiv (Financial & Risk business of Thomson Reuters) to power the SynFinance platform. It has also partnerships with IBM and Nvidia.Unicredit already tested SynFinance in arranging syndacated bond pools.
Axyon also developed Iris, an app dedicated to the asset management professionals. Iris provides periodic forecasts (asset performances and Sharpe Index) for all variables to which asset managers look at in developing their investment strategies.