Pre-Seed Round Oversubscribed
Press Release - Oct 1, 2021
Press Release - Oct 1, 2021
Brussels, Belgium: The new AI tech company, AxonJay, encountered overwhelming interest in its pre-seed investment round and had to turn investors down. AxonJay was seeking a small number of investors to help establish itself and build an initial client base but they quickly became oversubscribed.
“We were looking for €350,000 to get ourselves started before initiating our first seeding round,” says founder Jean-Philippe Schepens. “We had to stop at €600,000 and turn away investors.”
The investors include several tier-one investment companies as well as individual investors. Some have in fact decided to become a part of AxonJay due to the potential they see.
The attraction to AxonJay is the Self-Machine-Learning Platform they have created. The Platform makes AI accessible to companies and organisations and does away with the need for large scale data integration, data analyst teams or internal project-management.
“It’s about the behaviour,” Schepens says. “Data alone just doesn’t work. It doesn’t give you the full picture. In our post-covid world, it’s no longer about the one with the most data in the lake or the biggest enterprise-wide platform for analytics. Everything is going online so it’s about who can extract actionable intelligence from the most relevant data and from the behaviour in their digital ecosystem.”
Schepens spent more than ten years working with big data and analytics before he came to what he describes as ‘the natural conclusion.' Companies, just like individuals, are part of an ecosystem. In essence, they cannot work independently of the market. Decisions cannot be taken using purely historic data or data that the customer already has. There are clues, triggers and signals everywhere.
This is a Platform that any customer can use to extract the intelligence they need in a simple and user-friendly way, in real-time. Customers rate the quality of the intelligence they are receiving by giving it a simple thumbs up or thumbs down and by doing so, improve the accuracy and relevance of the information the platform provides them.
“The timing of this platform is one reason Schepens believes the interest is so large”.
“Another reason is that we are working together with a highly experienced team that have spent years at some of the world’s largest largest data brokers”, says Schepens.
“The right product in the right market with the right team and the right technology and the market is ready.”
To find out more please visit AxonJay.ai or follow us in social media.
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AxonJay is an AI tech company that uses machine learning to help you extract actionable intelligence from the most relevant data and from a company’s behaviour in its digital ecosystem. The company has developed a state-of-the-art Self-Machine-Learning Platform and uses continuous business feedback loops to train its algorithms. It is our mission to make AI and machine learning more accessible and easier to use for any business. AxonJay is a pan-European company with people working in Denmark, Sweden, Germany, Italy and with its HQ/Co-living space in Brussels Belgium.