EthonAI, a Zurich, Switzerland-based AI-powered platform that detects, monitors, and prevents quality defects in manufacturing, raised $6.8 million in seed funding to bring its cutting-edge quality management platform to a broader market.
The round was co-led by Earlybird and La Famiglia, with additional investment from existing investors, Wingman and Acequia Capital.
The funding will help to further develop EthonAI‘s technology and bring its products to a wider market.
“We are thrilled to have the support of Earlybird and La Famiglia as we continue to grow and expand our product platform,” said EthanAI CEO Dr. Julian Senoner. “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.”
It transforms how manufacturers manage quality by combining process and quality data into a single system. It helps manufacturers analyze and improve their products and processes using its advanced AI methods.
The company platform also offers a suite of software tools for vision-based defect detection, process monitoring, and root cause analysis without requiring engineers to write a single line of code.
Company: EthonAI AG
Round: Seed Round
Funding Month: February 2023
Lead Investors: Earlybird and La Famiglia
Additional Investors: Wingman and Acequia Capital
Company Website: https://ethon.ai/
Software Category: Quality Management
About the Company: EthonAI is an industrial tech spin-off from ETH Zurich founded in 2021 by Torbjørn Netland, Julian Senoner, and Bernhard Kratzwald. EthonAI is an AI-powered platform that helps manufacturers boost performance by detecting, monitoring, and preventing quality losses at scale. The software integrates with a facility's existing camera systems or off-the-shelf industrial cameras. Its products are used by world-leading manufacturers and have already been proven to reduce production waste by up to 50% while increasing the job satisfaction of factory workers. It counts leading manufacturers, like Siemens, Roche, and Lindt & Sprüngli, among its customers.