Swiss AI Startup Giotto.ai Seeks $1 Billion+ Valuation

Swiss AI startup Giotto.ai is seeking to raise over $200 million at a valuation above $1 billion, positioning itself as Europe’s latest contender in the race for artificial general intelligence, sources told Reuters. The Lausanne-based firm has hired Lazard to advise on fundraising, aiming to expand research, build commercial prototypes for enterprise and government clients, and open-source parts of its technology. Founded in 2017 by CEO Aldo Podesta, Giotto has previously raised $19 million and sold a compliance product to RQM+ in 2022. The company focuses on reasoning models and leads Kaggle’s ARC-AGI-2 constrained leaderboard with a 25% score, highlighting cost efficiency. Its push reflects Europe’s growing AI ambitions, following Mistral AI’s $2 billion funding round this month.

Reuters, Milana Vinn & Krystal Hu – Swiss AI startup Giotto.ai seeks funding at over $1 billion valuation, sources say – 22nd September 2025