Believing in the European vision for AI.
This marks Abzu’s third office in Europe and the first expansion of its physical footprint since Abzu’s inception in January 2018 with joint offices in Copenhagen, Denmark and Barcelona, Spain.
“Our goal is to become the leading European AI company,” says co-founder and CEO Casper Wilstrup. “Our story is that with 25 people in a small, European company, we are developing technology that in many respects is better than what Big Tech’s black-box AI offers.”
Abzu’s pioneering technology, the QLattice®, introduces a new standard of interpretability to artificial intelligence, a domain that has historically lacked the crucial elements of transparency and explainability. Several of the world’s largest pharmaceutical companies are already making discoveries with Abzu’s QLattice because it reveals new insights to researchers and data scientists.
Aiming to break the US and China’s dominance in AI.
Europe has not had first-mover advantage in AI development and application, and the US and China have had the additional advantage of accumulating large quantities of data with little ethical oversight.
“That’s why Europe needs a trustworthy AI that performs just as strongly on small and wide data sets as it does with big data,” says Casper. “The QLattice balances simplicity with performance, and our continued successes in the life sciences will establish Europe as a leader in human-centric AI. Ethical norms are being practiced here in Basel, which not only speaks to our personal and professional values at Abzu, but also bolsters this European vision for AI.”
Basel Area Business & Innovation, a non-profit agency dedicated to helping startups, institutions, and companies find business success in the Basel Area, was integral in supporting Abzu’s settlement and facilitating access to the thriving ecosystem.
“Establishing an office at the Switzerland Innovation Park Basel Area has put us squarely in a world-leading pharmaceutical ecosystem. The number of new interactions with startups, institutions, and companies is staggering,” says Samuel Demharter, Bioinformatician at Abzu, and regular in Basel. “We are already seeing real progress and increased energy in this life science cluster around ethical innovation.”
Founded in 2018, Abzu® builds trustworthy AI to tackle complex challenges for the world’s leading companies. Abzu established itself as a global leader in explainable, rational, and safe AI in the pharmaceutical industry, contributing to new discoveries in disease understanding and RNA therapeutics. Today, Abzu’s technology accelerates new insights and understanding in pharma R&D and transforms critical and complex business processes for enterprise operations.
Abzu has offices in Copenhagen and Barcelona, and has raised €13.3M in total funding to date. Abzu has been mentioned in Gartner® research, from Market Guides for AI Trust, Risk, and Security Management to CoolVendor™, and is the winner of several awards, including the 2023 “Best HealthTech” Nordics Award at the Nordic Startup Awards. For more information, visit www.abzu.ai.
About Basel Area Business & Innovation.
Basel Area Business & Innovation is a non-profit agency dedicated to helping startups, institutions and companies find business success in the Basel Area. The agency attracts and supports companies moving into the region, connects organizations and entrepreneurs with collaboration partners, and helps create a vibrant ecosystem that fosters innovation.
For more information, visit: www.baselarea.swiss.