Quick Algorithm, the innovative startup that makes companies more efficient thanks to data analysis for corporate assets, after completing the acceleration program of B4i – Bocconi for Innovation, has successfully closed its first fundraising campaign. The € 1 million capital increase operation, of which seven hundred thousand for planned investments and three hundred thousand in work-for-equity to remunerate future performance and operational support, was completed in record time.
The startup’s milestone, which also sees Bocconi University among its investors, comes four months after the launch of Scops 1.0, the proprietary software that allows you to reduce production costs through intelligent management of corporate assets. The software innovates the way to manage any object or company machinery by combining the ease of use and the power of Artificial Intelligence to digitize information and discover malfunctions, allowing even medium-sized companies to seize all the opportunities of the Data Driven Economy and Industry 4.0.
Furthermore, in recent months, Quick Algorithm has set up an excellent advisory board which today includes leading managerial figures and professors from Bocconi University, such as Massimo Della Ragione, professor of Practice at Bocconi University; Raffaele Di Nardo, CEO of Juice Always On; Luca Mignini, professor of Practice at Bocconi; Marco Tagliapietra, chief financial officer of Burgo Group and Adriana Versino, managing director at the Vodafone Italia Foundation and responsible for sustainability at Vodafone Italia.