With political uncertainties and regulatory trends on the rise globally, every company must monitor legislative changes carefully – or accept to expose their business to critical risks.
In that context, DemoSquare, a Swiss Federal Institute of Technology Lausanne (EPFL) spinoff developing AI technologies to help companies anticipate political and regulatory changes, has secured €1.2 million in pre-seed funding from Swiss and German investors. The round, led by Zurich-based QBIT Capital, will accelerate the startup’s expansion to the European markets. Co-investor High-Tech Gründerfonds (HTGF), one of the leading early-stage investors in Europe, is supporting this expansion with its strong network of major corporations.
DemoSquare is an AI-powered SaaS platform that enables companies to navigate regulatory complexities efficiently and stay ahead of legislation. The EPFL spinoff is based on the PhD research in machine learning and artificial intelligence of its founders, Dr. Victor Kristof (CEO) and Dr. Jérémie Rappaz (CTO).
“We are thrilled to announce the closing of this first funding round one year after launching DemoSquare, and we are honored to count such impactful investors onboard. This is a gratifying validation for our team’s efforts and a testimony to our ambitions. The investment will now support us in reaching our next goal: To deploy our cutting-edge solution to public-affairs teams in Europe,” said Victor Kristof, DemoSquare’s co-founder and CEO.
Counting multinational companies and major public institutions among its first customers in Switzerland, DemoSquare has developed innovative tools to search among thousands of legislative procedures, receive alerts on regulatory developments, identify relevant political stakeholders, and predict the adoption of new laws. The fresh capital will pave the way for expanding their solution to European markets, starting with influential EU institutions.
“Victor and Jérémie are visionary entrepreneurs poised to redefine industry standards. By leveraging the power of artificial intelligence and machine learning to monitor and analyze complex activities, they are addressing significant industry challenges with groundbreaking innovation. We are excited to be part of their journey and look forward to seeing their full potential unfold,” added Georges Khneysser, QBIT Capital’s founder.
“We invested in DemoSquare because data and AI can play a major role in bringing more transparency and predictability into law-making processes. This is key in a current dense regulatory environment for political stakeholders and corporates alike, and we are excited to back Victor and Jérémie who have the perfect academic and tech background for building this company,” commented Daniela Bach, principal at HTGF.
As exhibited by cases such as Uber, Airbnb, and recently Nvidia, regulatory risks can disrupt business operations in a blink of an eye. Governmental affairs teams are becoming increasingly prominent in most companies, and DemoSquare’s technology will empower them to tackle upcoming regulatory challenges at a fraction of cost.
Read the orginal article: https://www.eu-startups.com/2024/08/lausanne-based-demosquare-gets-e1-2-million-to-deploy-ai-monitoring-tool-for-public-affairs-teams/
