Lux AI startup Wizata raises €1.5 million

Luxembourg AI startup Wizata has announced €1.5 million in fundraising, including €500,000 from the Digital Tech Fund.

Wizata provides AI solutions for the manufacturing and natural resources industries, with emphasis on the field of metal and mining. Established in 2014, it won the 2017 Microsoft Country Partner of the Year Award and was named the 2016 Tech Startup of the Year in Luxembourg.

In a communiqué published on 15 May 2018, Philippe Hugo, CEO of Wizata said, “I’m proud for Wizata to be recognised as a promising AI company within the fast-growing Luxembourg innovation ecosystem. Our unique technology contributes to the high-tech transformation of Luxembourg’s long-standing metal industry expertise.”

Deputy prime minister and minister of the economy, Etienne Schneider added: “Luxembourg is uniquely positioned to lead the EU in its 4th industrial revolution…together with ambitious companies from Luxembourg, such as Wizata, a company backed by the Digital Tech Fund, we can drive tomorrow’s industrial excellence.”

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