Observed Signal · Feb 17, 2025 · Spin-off · Source: Trending Topics · Impact: 2/5 · Sentiment: Positive
AI Startup NXAI Launches Fully Owned Spin-Off Emmi AI
Austrian AI startup NXAI, associated with AI researcher Sepp Hochreiter, has founded a fully owned spin-off called Emmi AI in Linz. Emmi AI is led by CEO Dennis Just, former CEO of Smallpdf, with Miks Mikelsons and Thomas Lichtenegger as co-founders. The company promises real-time technology solutions. NXAI previously gained attention in 2024 with its xLSTM AI model and announced plans for a $100 million funding round, which has not yet been officially closed. The shareholder structure of NXAI includes Sepp Hochreiter with 26% and Pierer Digital Holding GmbH with 37%, while Netural X GmbH holds the remaining 37%; Pierer Digital Holding also holds 25.1% of Netural X. The spin-off signals continued commercialization of European AI research.
Spin-off from NXAI, founded by renowned AI researcher Sepp Hochreiter, strengthens the European AI ecosystem; minor direct impact on AdTech/MarTech as it is AI infrastructure rather than advertising-focused.
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Key Takeaways & Evidence Grounding
- Austrian AI startup NXAI has founded a fully owned spin-off called Emmi AI in Linz.
- Emmi AI is led by CEO Dennis Just, former CEO of Smallpdf.
- Miks Mikelsons and Thomas Lichtenegger are named as co-founders of Emmi AI.
- NXAI is associated with AI researcher Sepp Hochreiter, who holds 26%; Pierer Digital Holding GmbH holds 37%.
- NXAI announced plans for a $100 million funding round in 2024, but no official closing has been announced yet.
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