Baloise Asset Management, part of the Baloise Group, has acquired a stake in business start-up Brainalyzed, a specialist in machine learning and artificial intelligence (AI).
Following a two-year partnership and its first experiences with swarm-based artificial intelligence, Baloise has decided to invest in the company. Brainalyzed's innovative approach to AI will help Baloise Asset Management to successfully expand its third-party asset management business.
Baloise Asset Management wants to take a leading role and is actively seeking out partnerships and strategic alliances to gradually increase its expertise.
It already had a partnership with Brainalyzed for two years. The start-up specialises in analysing time series and working with large data volumes (big data).
Baloise Asset Management is currently incorporating the findings from the joint projects into its day-to-day business, but in view of further areas to be researched it has decided to acquire a stake in Brainalyzed to strengthen the collaboration. This will enable it to effectively develop new skills and methodologies. It will now support Brainalyzed in its development activities and can make resources available that the start-up would find difficult to access otherwise.
Baloise will have a minority stake in Brainalyzed.