Alpine Intuition’s technology enables AI models to be deployed automatically, making the task simpler, quicker and cheaper. After generating first revenues, the Lausanne-based start-up closed a seed funding round to launch its flagship product. Among the investors are former top managers of EFG Bank and Oracle Europe.
According to recent research, 93% of companies use AI technologies and the USD300bn market is growing quickly, by around 18% a year. However, there are still a lot of pain points for companies using AI technologies, notably in the deployment of models. 60% of companies need between a month and a year to deploy their models at scale*. This is where Alpine Intuition comes in, allowing companies to deploy models in hours, rather than months or years. Alpine Intuition has developed technology that enables AI models to be deployed automatically, without any specialist DevOps skills, in a pay-per-use cloud model which includes automatic testing, performance and usage monitoring.
Florin Dzeladini, Co-founder and CTO of Alpine Intuition, commented: “Alpine Intuition is democratizing access to AI technologies. With our solution, it is simpler, quicker and cheaper to deploy AI models, enabling any business to capitalize on AI. But it goes further, bringing robustness and scalability to AI model deployment, creating an infrastructure where models can be accessed and queried by millions of users anywhere in the world.”
The company is already seeing strong traction, which enabled it to raise CHF500k to accelerate growth. This year, the business is expected to generate over CHF250k in revenues and the company expects over CHF 10 million by 2025. The new funding will be used principally for business and product development, including the market launch of iSquare, its flagship solution for AI deployment. The funding was raised through a convertible note from prominent Swiss angel investors.
Sebastian Savidan, Co-founder and CEO of Alpine Intuition, added: “There is a considerable market opportunity for Alpine Intuition which over the last 12 months we have been able to validate with our first revenue-generating clients. We are now in a position to start to scale our go-to-market and solution, which this funding will enable us to do.”
The company has also appointed a senior advisory group. Mark Bagnall, former COO and CTO of EFG Bank in Switzerland, and Sergio Giacoletto, ex Executive Vice-President of Oracle Europe, EMEA, both joined the advisory board. Both also invested into the convertible note.
(Press release / SK)
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