NKF advises AICA on its seed financing round

The Swiss startup AICA has closed a CHF 1.2 million financing round to give robots a sense of touch and enable autonomous learning. Niederer Kraft Frey advised AICA as Swiss counsel on its seed financing round led by Spicehaus Swiss Venture Fund with the support of High-Tech Gründerfonds III and Schaeffler Invest. The seed financing round was closed in February 2023 and the raised funds will allow the EPFL spin-off to expand its library of applications and deploy its solutions internationally.

AICA provides software and services in automation, robotics and artificial intelligence. The AICA solution provides a modular setup, based on state-of-the-art learning & control algorithms that can be used with any robotics hardware, hence, making it possible for robot programming to be within everyone’s reach. The Swiss startup uses Artificial Intelligence to automate manufacturing processes that are complex and hard for people to accomplish.

The NKF team was led by corporate/m&a partner Karim Piguet (pictured left), working with associate Tania Luminuku (corporate/m&a, pictured right).

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