BMH BRÄUTIGAM advises Berlin-based AI startup XAIN on strategic investment by Dominik Schiener
BMH BRÄUTIGAM has advised the Berlin-based startup XAIN on the entry of IOTA co-founder Dominik Schiener.
With Dominik Schiener, a visionary strategic investor has joined the group of investors of the AI startup, which was founded in 2017 by Leif-Nissen Lundbæk, Felix Hahmann and Prof. Michael Huth and in which Earlybird Venture Capital was the main investor in the seed financing round in 2018.
XAIN, short for eXpandable AI Network, is a Berlin-based technology company specializing in privacy solutions for artificial intelligence. Companies benefit from XAIN's distributed approach to machine learning, which stands for optimal data protection, security and efficiency.
IOTA, the crypto currency co-founded by Dominik Schiener, is one of the world's largest digital means of payment. With his investment, the internationally well-connected Schiener wants to further advance XAIN's technology and offer strategic support.
BMH BRÄUTIGAM is pleased to have also advised XAIN on this second financing round and strengthen the client relationship. BMH BRÄUTIGAM is also providing ongoing legal services to XAIN in corporate and operational matters.
Team BMH BRÄUTIGAM:
Bastian Reinschmidt (Lead), Tina Schmidt, Dr. Annette Schwab, Alexander Sustal (all Venture Capital)