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Csky.ai

Csky.ai Seed closed CHF 1 Million seed round

16.07.2024
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Swiss Edge AI startup csky.ai has just closed its seed round, exceeding CHF 1 Million of total funding inclusive of equity, grants, and loans raised since the company launch. Among the investors are several Swiss, French and American business angels, the Founderful Fund and two companies. The raised funds are set to take the startup led by Hugo Flayac closer to market entry.

 

 

csky.ai, an EPFL spinoff, is revolutionising Edge AI technology by developing next-generation smart devices tailored for businesses and institutions. Its cutting-edge AI solutions are deployed locally, ensuring complete privacy while automating the documentation of professional conversations. With csky.ai, clients benefit from advanced automation without compromising their privacy.

Contacted by Startupticker.ch, CEO and co-founder Hugo Flayac explains that the CHF 775k raised in the seed round will be used to strengthen its technical team with top-level engineers in Switzerland and to boost hardware development of its flagship ClearMind private Assistant product for companies and institutions. This fundraising also reinforces the company’s determination to pursue its vision.

“The success of a start-up is measured in stages, and this seed financing round is another achievement for our project. We’re very proud to have achieved this milestone, which is not an easy one. The steps will always be higher, but so is our motivation. We’ve seen our predictions from early 2022 come true in terms of enterprises’ relationship with the cloud, and we’re happy to see the widespread awareness of privacy and cybersecurity, fuelled by the democratisation of artificial intelligence. We continue to pursue our goal of becoming a global leader in privacy-first AI solutions.” says Hugo Flayac.

Paving the way for large-scale market entry

Based at Trust Village on the Unlimitrust campus, Csky.ai has several pilot projects planned for the autumn to adapt its solution to the needs of local and French companies and institutions, paving the way for full-scale market entry in 2025. The next round of Series A funding for the award-winning Tech4Trust startup will follow in Q1 2026.

 

 

Source: startupticker.ch