Swiss AI startup Giotto.ai aims for USD 200 million round

Lausanne / London (IT BOLTWISE) — Swiss AI startup Giotto.ai is plan­ning a signi­fi­cant funding round to advance its rese­arch in the field of Arti­fi­cial Gene­ral Intel­li­gence (AGI). With a target valua­tion of over USD 1 billion and a plan­ned invest­ment of more than USD 200 million, the company is posi­tio­ning itself as a serious player in the Euro­pean AI landscape. 

Invest­ment bank Lazard has been appoin­ted to lead the capi­tal raise to acce­le­rate Giot­to’s AI rese­arch, deve­lop commer­cial proto­ty­pes for corpo­rate and govern­ment clients and contri­bute to the AI commu­nity through open source releases.

Giotto.ai was foun­ded in 2017 by CEO Aldo Podesta, who previously worked in sales stra­tegy at Philip Morris. The company has raised around 19 million US dollars to date. Giotto origi­nally deve­lo­ped a compli­ance tool for medi­cal devices, which was sold to the medi­cal tech­no­logy company RQM+ in 2022, before focu­sing enti­rely on basic rese­arch in reaso­ning models. 

The company stands out with measura­ble progress on AI reaso­ning model chal­lenges and curr­ently leads the Kaggle ARC-AGI‑2 cons­trai­ned ranking with a score of 25%. This bench­mark tests a model’s ability to infer rules from limi­ted examp­les and shows early signs of gene­ral reaso­ning capa­bi­li­ties. Giot­to’s approach empha­si­zes effi­ci­ency and intel­li­gent resource allo­ca­tion and performs well under strict compu­ta­tio­nal cons­traints such as no inter­net access, limi­ted runtime and a fixed hard­ware budget. 

In contrast to large US AI labs such as OpenAI and xAI, which are known for trai­ning massive models on vast compu­ta­tio­nal resour­ces, Giotto focu­ses on deve­lo­ping AI systems that operate under fixed resource cons­traints, with the goal of cost-effec­­tive and gene­ra­lizable AI research.

The upco­ming funding is inten­ded to acce­le­rate the deve­lo­p­ment of Giot­to’s commer­cial appli­ca­ti­ons while support­ing the company’s contri­bu­ti­ons to the broa­der AI rese­arch commu­nity through open source publi­ca­ti­ons. By combi­ning deep rese­arch exper­tise, effi­ci­ent tech­no­logy and stra­te­gic commer­cia­liza­tion plans, Giotto.ai is posi­tio­ning itself as a serious conten­der in the ambi­tious Euro­pean AI landscape. 

—https://www.giotto.ai/