Orderfox, a Swiss AI company that develops multisector industrial research and analytics solutions, has attained unicorn status surpassing a valuation of over €1 billion from the independent M&A specialist consultancy Trown Partners. To date, the company has been financed exclusively by shareholders.
This comes as the company launches a major update to its flagship product, Gieni, the world’s first AI agent able to supply detailed market analysis and insight for any industrial sector in seconds.
AI solutions for businesses
Founded in 2016, Orderfox focuses on the innovation needs of the B2B and industrial sectors. The company develops, implements, and operates intelligent AI-based solutions to make business and production areas more efficient, faster, and more precise. It focuses on industries, including manufacturing, robotics, supply chain, and construction.
B2B AI agent for industry analyses
One of its products, Gieni, received an update to v2 earlier this month. It enables companies to carry out AI-powered industry analyses, business optimisations, and competitive analyses with extraordinary speed and cost-efficiency. It can be seamlessly integrated into existing CRMs, giving businesses valuable, up-to-date information where it best suits them.
As a B2B AI agent, Gieni aggregates the entire accessible internet to analyse in-depth information and create unique and exclusive databases for its users. Gieni can rapidly develop an entirely new knowledge base about a specific sector or subsector, which would otherwise have to be created by humans through extensive scientific and research work.
Gieni uses techniques such as GraphRag and Large Language Models to not only understand user queries but also to break them down into their parts and query them in multiple stages. This means that a single question can trigger several hundred queries simultaneously. For every question that users ask the chatbot, it is claimed to provide intelligent, in-depth answers and generates clear, interactive dashboards that are visualised with easy-to-understand graphics and diagrams.
AI-based CNC network for manufacturing companies
Another product is Partfox, which offers a solution revolutionising the procurement process in the manufacturing industry. As the world’s largest AI-based CNC network, Partfox optimises the networking of manufacturing companies and enables a direct connection between manufacturers and buyers.
The platform takes into account technology and production requirements, materials, tolerances, surface finishes and inspection standards to find the ideal match. By automating the matching process, procurement processes can be accelerated by up to 40%. Partfox not only serves the CNC industry, but also covers the entire metalworking sector as well as the processing of plastics and wood. The development of further sectors is already firmly planned.
Timur Göreci, CRO at Orderfox Schweiz AG, said: “Our company valuation of over one billion euros marks a significant milestone and illustrates the strength of our technology. This enables us to provide companies in a wide range of industries with crucial data. The next step is now to commercialise our products to fully exploit the enormous growth potential. With our AI-based solutions, we enable companies of all sizes and in all industries to obtain precise and targeted answers to business-critical questions. In this way, we make a decisive contribution to the automation of knowledge-based activities and significantly advance white-collar automation in the B2B sector.”
Patrick Eggimann, Partner at Trown Partners AG, said: “The evaluation of Orderfox Schweiz AG underlines the enormous potential of its innovative AI-based solutions. Orderfox has managed to take on a technological pioneering role in the industry. Gieni and its specialised databases will play a central role in many industries in the future. This billion-euro valuation reflects not only the company’s current growth but also its promising long-term prospects.”
