Lausanne based Giotto.ai recently spun off its flagship product Giotto Compliance and sold it to RQM+. In parallel, the startup led by Aldo Podestà also raised an additional CHF 2.6 million in a new private equity round. The proceeds from these two transactions will finance the launch of new products leveraging its core technology and sustain its exponential growth.
RQM+, the world’s leading MedTech service provider, just announced the acquisition of Giotto Compliance from Giotto.ai. Giotto Compliance is a global, all-in-one artificial intelligence (AI) platform designed to increase the efficiency and effectiveness of regulatory reports and filings across the product development lifecycle for medical device and in vitro diagnostics manufacturers.
“We have only begun to scratch the surface of what can be achieved by integrating Giotto Compliance AI technology throughout our consulting, clinical trials, laboratory and reimbursement services,” said RQM+ CEO Margaret Keegan. “We are fortunate to have our Chief Digital and Technology Officer Alaric Jackson lead this new business unit. He will expand the capabilities of Giotto Compliance to enhance our current services as well as offer a standalone solution that can be leveraged to streamline regulatory document development while maintaining compliance with global regulations.”
Giotto Compliance will operate as an independent RQM+ business unit and serve its growing customer base. Giotto.ai will remain the technological partner to keep boosting the capabilities of Giotto Compliance and take the product to the next level.
Leveraging technology to develop innovative products
Contacted by Startupticker.ch, Giotto.ai CEO Aldo Podestà explains that the vision of the company remains unchanged by the sale of Giotto Compliance. “We will keep focused on leveraging our proprietary AI technology to develop innovative products that allow for seamless collaboration and transparency between Humans and Artificial Intelligence.”.
Giotto.ai partners with industry leaders to deliver outstanding cloud products where users collaborate with AI. Thanks to its proprietary platform and strong product management expertise, it facilitates the development of sophisticated, performant and highly customized software products. Giotto.ai, previously known as L2F SA, counts more than 50 collaborators spread across Switzerland, Italy and Romania.
(ES)
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