- Jun 10, 2024
- 2 min read
Updated: Jan 28, 2025
Alfred advised EthonAI on its CHF 16.5 million Series A funding round.
We are thrilled to announce that Alfred has successfully supported EthonAI in their Series A financing round, securing a remarkable $16.5 million! This milestone was led by Index Ventures, with participation from General Catalyst, Earlybird Venture Capital, and Founderful.
Our dedicated team, including Thierry Barbey (Founding Partner) and Sandro Stich (Senior Associate), expertly navigated the negotiations, ensuring a smooth and successful process.
"Manufacturing is at a critical juncture, and companies that fail to adapt with AI risk falling behind. We’re in the throes of a global rethinking of how manufacturing is done – with digitalization, data and AI at the center. That’s exactly where EthonAI is positioned." - Julian Senoner, CEO EthonAI
This investment will propel EthonAI to the forefront of manufacturing analytics, driving both top-line and bottom-line performance improvements.
We extend our heartfelt congratulations to the entire EthonAI team and express our gratitude for the opportunity to support such an innovative and forward-thinking company. We look forward to seeing all the incredible advancements you will achieve with this new funding.
Team
Thierry Barbey, Founding Partner, Zürich
Sandro Stich, Senior Associate, Zürich
About EthonAI
Founded in 2021 by manufacturing and AI experts Julian Senoner, Bernhard Kratzwald, and Professor Torbjørn Netland, EthonAI is revolutionizing the manufacturing industry with its AI-powered Manufacturing Analytics System (MAS). By leveraging advanced AI algorithms and the vast amounts of data generated by modern factories, EthonAI enables manufacturers to gain unprecedented insights into their processes, identify inefficiencies, reduce waste, and improve product quality. With a diverse customer base that includes industry leaders such as Lindt & Sprüngli and Siemens Smart Infrastructure, EthonAI is at the forefront of the digital transformation in manufacturing.
Contact
+41 44 499 0050
Bahnhofplatz 1, 8001 Zürich
About Alfred
Alfred is an innovative new player in the venture advisory space. We combine legal advice with strategic guidance to empower founders, entrepreneurs and investors in an integrated and holistic way that breaks away from traditional advisory services.
Our clients are early stage technology ventures, founders, entrepreneurs or investors from Switzerland and abroad who look for a trusted partner to support them with effective and actionable advice.
Contact us today for a free discovery call.
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