EthonAI Lands $6.8M Seed Round to Boost Manufacturing Performance
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EthonAI, an industrial tech spin-off from ETH Zurich in Switzerland whose software helps manufacturers boost performance, closed a USD $6.8 million seed round co-led by Earlybird & La Famiglia. The round included additional investment from existing investors, Wingman and Acequia Capital.
Poor quality is a cost driver that can impact an estimated 20% of sales revenue in all manufacturing industries. EthonAI’s advanced AI platform is there to aggregate process and quality data into a single platform that can detect, monitor and provide root cause analysis without engineers needing to write any code.
“With this funding, we can bring our tools to more manufacturers globally and invest in the development of new features such as simulation based on causal machine learning.” CEO Dr. Julian Senoner said in a company release.
The funding will allow EthonAI to continue to develop new features like simulation based on machine learning, and introduce their cutting-edge quality management platform to a broader market.
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