42.cx Center of Excellence AI has raised equity capital from institutional investors for its AI-ETI

42.cx Center of Excellence for Artificial Intelligence AG has raised equity capital from institutional investors for its AI-ETI.

42.cx Center of Excellence for Artificial Intelligence AG has been formed to demystify artificial intelligence (AI) and bridge the gap between AI as one of the greatest growth opportunities and its technical complexity. It tracks more than 110 million patents, 200 million scholarly articles and 110 million source code repositories worldwide to identify the greatest investment opportunities based on 42.cx research created by an international team of scientists and experts. The most promising public AI companies are being selected and form the AI-42 INDEX™, an index dedicated to show the growth of the AI sector. In addition, IP-related insights are available through the AI Analyst™, the AI market intelligence platform. The 42 Online Academy is the starting point to gain knowledge about AI and to understand the various aspects of AI, including definitions, neural networks, machine learning and societal implications.

Oaklins' team in Austria, in its role as fundraising advisor, assisted 42cx's shareholders all the way to the successful completion of the issuance of the ETI to institutional investors. The team advised on securing pre-commitments from cornerstone investors, deal structuring and financials.