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ASBISc Enterprises plcAsbis IT to invest up to EUR 2 mln in US-Swiss technology start-up RobotiFAI
Listed IT equipment distributor Asbis has signed an investment agreement with the American-Swiss technology start-up RobotiFAI, the company said in a press release. The investment agreement stipulates that ASBIS will invest up to EUR 2 million in RobotiFAI.
According to the release, this is one of the world's first solutions to use state-of-the-art technologies, including artificial intelligence (AI), to fully automate financial processes in enterprises.
The investment agreement has been concluded for two years. Financing will be provided in stages, depending on the achievement of subsequent key project milestones.
The total stake will depend on the future valuation of the company, but will not exceed 20 percent of the company's share capital.
gaw/ nl/ ao/