Deal Ticker: Kellerhals Carrard advised ETH Zurich spin-off EthonAI in its USD 6.8M oversubscribed seed round

Only one year after the company’s incorporation, Kellerhals Carrard advised ETH Zurich spin-off EthonAI in its USD 6.8M oversubscribed seed round. The round was co-led by Earlybird Venture Capital and La Famiglia with participation of existing investors, Wingman Ventures and Acequia Capital. EthonAI’s powered software helps manufacturers boost performance by detecting, monitoring, and preventing quality losses at scale.

EthonAI already counts leading manufacturers, like Siemens, Roche, and Lindt & Sprüngli, among its customers. By aggregating process and quality data into a single platform, manufacturers can use EthonAI’s advanced AI methods to analyze and improve the quality of their products and processes. This improves manufacturers’ financial performance and helps reduce environmental impact.

The Kellerhals Carrard team was led by Partner Thierry Barbey (M&A/Venture) and Associate Sandro Stich (M&A/Venture), and further comprised of Michèle Remund (Tax) Associate Céline Schmid (Employment).

We congratulate Julian Senoner, Bernhard Kratzwald and the whole EthonAI-Team to this great success and significant achievement and wish you all the best for your future endeavors!