With political uncertainties and regulatory trends on the rise globally, every company must monitor legislative changes carefully – or accept to expose their business to critical risks. DemoSquare offers an AI-powered SaaS platform designed to help companies navigate the complexities of regulations efficiently and stay ahead of legislation. The company collects and aggregates political and regulatory data from multiple sources, such as the Swiss parliament, federal courts, news media, and more. Its machine learning algorithms then extract patterns and information from the data to make public affairs teams more effective. For instance, its monitoring pipeline tracks changes and sends email alerts when a regulation that’s important to a company moves forward. The company is also developing predictive models to estimate the chances of law proposals becoming actual legislation.
This platform is built on the PhD research in machine learning and artificial intelligence of the company’s founders, Dr. Victor Kristof (CEO) and Dr. Jérémie Rappaz (CTO) at EPFL. The company today counts on multinational companies and major public institutions among its first customers in Switzerland. The CHF 1.2 million pre-seed round, led by Zurich-based QBIT Capital who co-invested with the German High-Tech Gründerfonds (HTGF), will pave the way for expanding DemoSquare’s solution to European markets, starting with influential EU institutions.
“We are thrilled to announce the closing of this first funding round one year after launching DemoSquare, and we are honored to count such impactful investors onboard. This is a gratifying validation for our team’s efforts and a testimony to our ambitions. The investment will now support us in reaching our next goal: To deploy our cutting-edge solution to public-affairs teams in Europe.” said Victor Kristof, DemoSquare’s co-founder and CEO.
“We invested in DemoSquare because data and AI can play a major role in bringing more transparency and predictability into law-making processes. This is key in a current dense regulatory environment for political stakeholders and corporates alike, and we are excited to back Victor and Jérémie who have the perfect academic and tech background for building this company.” said Daniela Bach, principal at HTGF.
(Press release/RAN)