Alpine Intuition secures funding to democratize access to AI technologies

Vaud-based “AI-as-a-Service” company Alpine Intuition closed a seed funding round to launch its flagship product. Among the investors are former top managers of EFG Bank and Oracle Europe.

Alpine Intuition
Alpine Intuition's mission is to make AI more widely available in particular to individuals and SMEs.

According to recent research, 93% of companies use AI technologies and the USD 300 billion market is growing quickly, by around 18% a year. However, there are still a lot of pain points for companies using AI technologies, notably in the deployment of models. This is where Alpine Intuition comes in, allowing companies to deploy models in hours, rather than months or years.

Alpine Intuition has developed technology that enables AI models to be deployed automatically. This can be done without any specialist DevOps skills, in a pay-per-use cloud model which includes automatic testing, performance and usage monitoring.

The company based in Ecublens (canton of Vaud) is already seeing strong traction, which enabled it to raise CHF 500’000 to accelerate its growth. In the year 2021, the business is expected to generate over CHF 250’000 in revenues and the company expects over CHF 10 million by 2025.

The new funding will be used principally for business and product development, including the market launch of iSquare, its flagship solution for AI deployment. The funding was raised through a convertible note from prominent Swiss angel investors.

Democratizing access to AI technologies for SMEs and individuals

Florin Dzeladini, Co-founder and CTO of Alpine Intuition, commented: “Alpine Intuition is democratizing access to AI technologies. With our solution, it is simpler, quicker and cheaper to deploy AI models, enabling any business to capitalize on AI. But it goes further, bringing robustness and scalability to AI model deployment, creating an infrastructure where models can be accessed and queried by millions of users anywhere in the world.”

The company has also appointed a senior advisory group. Mark Bagnall, former COO and CTO of EFG Bank in Switzerland, and Sergio Giacoletto, ex-Executive Vice-President of Oracle Europe, EMEA, both joined the advisory board.

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