VP Bank cooperating with ETH AI Center
Zurich/Vaduz - VP Bank is joining forces with the center for Artificial Intelligence at the Swiss Federal Institute of Technology in Zurich (ETH AI Center). The Vaduz-based bank is planning to exploit the potential offered by Artificial Intelligence in the financial sector.
Barry Callebaut launches new cocoa fruit drink
Zurich - Barry Callebaut has unveiled the first nutraceutical drink made from cocoa fruit. In contrast to chocolate, it contains a high quantity of flavanols. Various studies have shown that flavanols can significantly improve cardiovascular health – even in healthy people.
Acodis celebrates fresh capital injection
Winterthur - Acodis has raised a total of 2.5 million Swiss francs in fresh capital. The start-up based in the Greater Zurich Area has developed a tool to convert documents into structured data with the help of Artificial Intelligence.
Zalando to establish technology hub
Zurich - Zalando has drawn up plans to establish a technology center at the Prime Tower in Zurich. From this base, the German online fashion retailer will seek to advance the development of a virtual changing room. The team will be built around Fision, a Zurich-based start-up recently acquired by Zalando.
New charging network for electric air taxis
Zurich/Munich – The technology company ABB from the Greater Zurich Area has concluded a collaboration with the German company Lilium. Lilium plans to launch an electric flight service in 2024. ABB will provide the required charging infrastructure for this.
Toni Piëch invests in Carify
Härkingen SO – The startup Carify in the Greater Zurich Area has concluded a funding round. The investors include Volkswagen heir Toni Piëch and ACE & Company. Carify provides cars on a monthly subscription.
Tinamu expands funding to 2.5 million Swiss francs
Zurich – Tinamu has expanded its seed funding to 2.5 million francs. All existing funds and new private investors have contributed. This will help accelerate the market launch of Tinamu’s fully automated drone for the inspection of industrial sites.
EMS investing in the Greater Zurich Area
Domat/Ems GR – EMS is considerably increasing production capacity for polyamide specialties at its site in Domat/Ems in the Greater Zurich Area. The investment in the Graubünden production site totaling 300 million Swiss francs should help to counteract the global shortage of polymers.
Lindt & Sprüngli invest 74 million francs in Olten
Kilchberg ZH/Olten SO - The Lindt & Sprüngli Group has started work on the expansion of the production site in Olten in the canton of Solothurn. By 2024, around 74 million Swiss francs will be pumped into upgrading the Lindt Cocoa Center. This facility produces cocoa mass for all Lindt production facilities across Europe.
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