Embotech secures investment of 23.5 million Swiss francs
Zurich - Embotech has raised 23.5 million Swiss francs in a Series B financing round. With this fresh capital injection, the supplier of autonomous driving solutions can further scale its technology for Automated Vehicle Marshalling at car factories and Autonomous Terminal Tractors at port terminals and logistic centers.
Neurimmune and AICURA using AI for Alzheimer’s drugs
Schlieren/Berlin - Neurimmune and AICURA have announced a strategic partnership to leverage the benefits offered by Artificial Intelligence (AI) for the development of drugs to treat Alzheimer’s disease. The partnership aims to develop patient programs and to shorten drug development times.
ANYbotics raises additional 60 million dollars for US expansion
Zurich - ANYbotics has increased its external capital by 60 million US dollars to more than 130 million US dollars in total. The manufacturer of autonomous robot solutions will use this financing to accelerate its global scaling and most recent expansion in the USA.
Relai secures 12 million US dollars
Zurich - Relai has raised a total of 12 million US dollars in a series A funding round. The Zurich-based bitcoin platform plans to use the funds to expand in Europe. Relai hopes to become the market leader in this region in 2025.
xFarm and Syngenta France join forces to identify crops
Manno/Saint-Sauvers - xFarm Technologies and Syngenta France have developed a geospatial AI tool. With this, French farmers should be able to identify crops more effectively and deploy pesticides in more targeted fashion.
Starlab Space heading to Switzerland Innovation Park Zurich
Dübendorf/Houston - A major private aerospace company in the shape of Starlab Space is establishing a presence at the Switzerland Innovation Park Zurich. The partners behind this joint venture, Airbus, Voyager, Mitsubishi and MDA Space, are focused on the construction and operation of a commercial space station. This is expected to take over from the ISS after 2030.
ANYbotics and GMV win tender in Spain
Zurich/Madrid - ANYbotics has combined its autonomous inspection robot with the ecosystem for machinery and robots from the global technology group GMV. Together, the two companies recently won a tender from the Spanish energy companies Elewit/Red Eléctrica.
Zurich offers expats the highest standard of living worldwide
Zurich - Zurich leads the way in this year’s Quality of Living city rankings produced by the consulting firm Mercer. The city scores well among expats due to its infrastructure, low crime, cultural scene and sustainability. Geneva, Bern and Basel were also all included in the top ten.
OpenAI opens subsidiary in Zurich
San Francisco/Zurich - OpenAI is coming to Zurich. The creator of ChatGPT has poached three chief engineers in computer vision and machine learning from the Zurich-based office of Google subsidiary DeepMind. They will work on multimodal models for artificial intelligence.
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