NKF: Index Ventures invests in EthonAI

Niederer Kraft Frey (NKF) acted as an advisor for Index Ventures on its investment in EthonAI.

EthonAI, a pioneer in AI-powered manufacturing analytics, has closed a $16.5 million (CHF 15 million) Series A financing led by Index Ventures, with participation from existing investors General Catalyst, Earlybird and Founderful.

NKF’s team

Corporate/M&A and technology partner Jacques Bonvin (pictured) led NKF’s team, working with partner Andrea Wuerzner, associates Boris Catzeflis and Melchior Ebener, junior associate Robert Deprez – Fernandes (all corporate/M&A) and partner Marcel Meier (tax).

EthonAI

Co-founded in 2021 by Julian Senoner (CEO) and Bernhard Kratzwald (CTO), EthonAI is a software suite for achieving operational excellence at scale. It builds causal AI that uses sensor and production data to detect defects, identify inefficiencies and their causes, improve quality and reduce waste, giving engineers and factory managers a ‘sixth sense’ of what’s happening on the floor.