Jua secures over 9 million francs

(CONNECT) Zurich-based start-up Jua.ai has closed a Series A financing round worth over 9 million Swiss francs, according to an article on startupticker.ch. The financing round was led by Ananda Impact Ventures and Future Energy Ventures and supported by existing investors such as 468 Capital and Promus Ventures. Jua plans to use this to accelerate the market launch of its Earth Intelligence Platform. This should enable a more precise weather forecast and thus support energy traders in making faster and more profitable decisions.

The platform is powered by Jua's artificial intelligence (AI) model EPT-2.0 and is designed to significantly outperform the weather forecasting performance of conventional numerical weather models and AI models of large technology companies. Precise weather forecasts are particularly important for sectors such as energy, agriculture, aviation and shipping. The AI-based earth simulation is intended to provide a consistent and physically simulating platform in the face of increasing weather extremes and weather changes in order to enable reliable decisions in various sectors.

Jua 2024 has already secured around 13 million Swiss francs in its seed financing round. As part of this year's capital increase, Marvin Gabler, co-founder and architect of EPT-2.0, has now been appointed as the new CEO. He succeeds Andreas Brenner, who has managed Jua since it was founded in 2022. With Gabler at the helm, the company intends to focus on scaling its platform in the energy sector and expanding into new markets. “With our Earth Intelligence Platform, we have transformed the world's most advanced Earth simulation into a practical decision-making machine,” Gabler is quoted as saying in the article. “This is a fundamental step towards shaping our planetary future.” ce/nta