About EthonAI
EthonAI is a company based in Switzerland founded in 2021 by Torbjorn Netland and Julian Senoner. It operates as a AI-as-a-Service, and SaaS (Software-as-a-Service). EthonAI has raised $23.43 million across 2 funding rounds from investors including Index Ventures, General Catalyst and Earlybird. EthonAI offers products and services including Industrial AI Platform, Analyst Module, Operator Module, and Inspector Module. EthonAI operates in a competitive market with competitors including EXL, Artefact, Quantiphi, Tech Mahindra and Orioninc, among others.
- Headquarter Switzerland
- Founders Torbjorn Netland, Julian Senoner
-
Sectors
Industrial Goods & Manufacturing
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Ethonai Ag
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$23.43 M (USD)
in 2 rounds
-
Latest Funding Round
$16.43 M (USD), Series A
May 30, 2024
-
Investors
Index Ventures
& 5 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of EthonAI
EthonAI offers a comprehensive portfolio of products and services, including Industrial AI Platform, Analyst Module, Operator Module, and Inspector Module. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for optimizing manufacturing with AI-driven workflows.
Module for identifying waste via autonomous analysis.
Module for real-time production line orchestration.
Module for detecting visual defects in manufacturing.
Unlock access to complete
Funding Insights of EthonAI
EthonAI has successfully raised a total of $23.43M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $16.43 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $16.4M
-
First Round
First Round
(14 Feb 2023)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series A - EthonAI | Valuation | Index Ventures | |
| Feb, 2023 | Amount | Seed - EthonAI | Valuation | Earlybird , La Famiglia |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in EthonAI
EthonAI has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Index Ventures, General Catalyst and Earlybird. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital investments in technology startups and entrepreneurs.
|
Founded Year | Domain | Location | |
|
Investment and transformation services for entrepreneurs in technology and finance sectors.
|
Founded Year | Domain | Location | |
|
Earlybird is recognized as a venture capital investor focused on early-stage tech companies.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by EthonAI
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - EthonAI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ethonai Comparisons
Competitors of EthonAI
EthonAI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as EXL, Artefact, Quantiphi, Tech Mahindra and Orioninc, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Analytics and digital solutions for healthcare and banking are provided.
|
|
| domain | founded_year | HQ Location |
Digital marketing services provider
|
|
| domain | founded_year | HQ Location |
Provider of AI and machine learning services
|
|
| domain | founded_year | HQ Location |
Provider of data analytics, cloud management, and business process outsourcing services
|
|
| domain | founded_year | HQ Location |
Provider of AI, data analytics, application development and IT security services
|
|
| domain | founded_year | HQ Location |
Cloud management, business consulting, and IT outsourcing services are provided.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Ethonai
Frequently Asked Questions about EthonAI
When was EthonAI founded?
EthonAI was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is EthonAI located?
EthonAI is headquartered in Switzerland.
Who is the current CEO of EthonAI?
Julian Senoner is the current CEO of EthonAI. They have also founded this company.
Is EthonAI a funded company?
EthonAI is a funded company, having raised a total of $23.43M across 2 funding rounds to date. The company's 1st funding round was a Seed of $7M, raised on Feb 14, 2023.
What does EthonAI do?
EthonAI is established as a provider of an Industrial AI Platform, utilized by leading manufacturers to enhance operational excellence. The platform is integrated with factory data sources, combining scalable infrastructure with proprietary AI models. Solutions are offered for cost optimization, quality improvement, and speed enhancement in manufacturing sectors. Autonomous agents are employed for insight generation, while closed-loop control ensures process stability. Resilience against labor shortages is built through innovative workflows on the shop floor.
Who are the top competitors of EthonAI?
EthonAI's top competitors include EXL, Tech Mahindra and Quantiphi.
What products or services does EthonAI offer?
EthonAI offers Industrial AI Platform, Analyst Module, Operator Module, and Inspector Module.
Who are EthonAI's investors?
EthonAI has 6 investors. Key investors include Index Ventures, General Catalyst, Earlybird, Founderful, and La Famiglia.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.