advaisor AG raises half a million CHF to support corprate cultural transformation using AI
Zurich, 9 December 2019 – advaisor AG has successfully closed a financing round of half a million CHF to accelerate the roll-out of its products to improve corporate culture.
Half a million CHF financing round to scale
The financing round was led by investors of the Swiss ICT Investor Club (SICTIC), accompanied by renowned Swiss business angels and the F10 FinTech Incubator and Accelerator. Ruediger Petrikowski, Board Member of SICTIC and CFO & M&A Practice Lead of Leverage Experts led the negotiation and comments: “The team of advaisor AG has a strong vision to improve corporate culture of companies with real-time measurement. The team is highly capable of keeping focus and using the latest AI technology based on their close cooperation with the ETH.”
advaisor AG is hiring to enhance its knowledge base and to further expand its technical and sales capabilities. Reflecting the learning from initial client projects, advaisor AG will use the funding to improve its product offering and to scale their culture analysis product. With the funding, the start-up will also engage a broader client base.
Dimitri Nabatov, Founder and CEO of advaisor AG, says “The funding round is an important milestone for us towards our grand vision: we want to improve corporate culture for at least one million people in the next 5 years and boost corporate performance using AI technology. I am extremely excited to have the support of this very competent group of investors to support us on that journey.”
About advaisor AG
Advaisor AG is an ETH spin-off using Artificial Intelligence to measure and improve corporate culture. The company leverages thousands of data points produced by digital tools in the modern workplace to gain valuable insights into corporate culture. Instead of running surveys, advaisor AG builds insights passively on critical cultural dimensions such as trust, collaboration, and client-centricity. After completing the F10 FinTech Incubator & Accelerator program as well as the Kickstart Program in 2019, the company launched several client projects with large Swiss financial institutions.