Phoenix Technologies Unlock AI And Cloud Opportunities for Emerging Ventures

Insider Brief 

• Phoenix Technologies and QAI Ventures announced a partnership to provide entrepreneurs and innovators access to latest cloud technology and AI capabilities, as well as expert guidance, and tailored mentorship.
• The partnership is is leveraged even further by the presence of the AI Innovation Center at the Switzerland Innovation Park Basel Area and uptownBasel.
• Critical Quote: “At QAI Ventures, we believe in the transformative impact of our investment in Phoenix Technologies. By merging AI cloud capabilities with the potential of quantum technology, this partnership not only fuels innovative advancements but also supports startups by providing cutting-edge tools essential for redefining industries…” — Alexandra Beckstein, Co-Founder and CEO of QAI Ventures.

PRESS RELEASE — Phoenix Technologies, a Swiss Tech Cluster, and QAI Ventures, an ecosystem builder born out of the privately funded initiative of uptownBasel, announced their strategic partnership to drive technological Innovation out of Switzerland, by providing entrepreneurs and innovators access to latest cloud technology and AI capabilities, as well as expert guidance, and tailored mentorship, supporting them throughout their journey of taking their projects from the lab to the market.

The partnership of Phoenix Technologies and QAI Ventures is leveraged even further by the presence of the AI Innovation Center at the Switzerland Innovation Park Basel Area and uptownBasel. This unique constellation of locations, technologies, funds, and global networks enables a thriving ecosystem and unrivaled networking effects within the Basel region, driving innovation specifically about AI use cases, but also about quantum computing and by doing so, shaping future innovation.

“At QAI Ventures, we believe in the transformative impact of our investment in Phoenix Technologies. By merging AI cloud capabilities with the potential of quantum technology, this partnership not only fuels innovative advancements but also supports startups by providing cutting-edge tools essential for redefining industries. Together, we are committed to nurturing a landscape where technological excellence and strategic innovation propel market leadership.” said Alexandra Beckstein, Co-Founder and CEO of QAI Ventures.

Earlier this year, Phoenix Technologies announced its strategic partnership with IBM, offering a sovereign AI solution based on IBM watsonx and state-of-the-art AI infrastructure for the first time in Switzerland. This first-of-its-kind approach allows businesses and research institutions to leverage a sovereign AI infrastructure and AI-embedded solutions. The complete end-to-end AI offering, based on state-of-the-art AI-centric computing capabilities, fosters AI foundation model development and research, expanding the global competitiveness of Switzerland.

“Artificial Intelligence is already but also will be one of the biggest innovation drivers within the next years. However, organizations, as well as Start- and Scale-Ups, need a secure cloud environment to work with specific data sets, especially when considering use cases focused on sensitive or critical data. The partnership with QAI Ventures and the location of the Switzerland Innovation Park Basel Area will enable a whole Swiss-based ecosystem and function as an accelerator and orchestrated environment for anybody eager to drive Innovation in Switzerland”, said Thomas Taroni, Chairman and CEO Phoenix Technologies.

Phoenix Technologies’ AI infrastructure (www.kvant.cloud/ai) is already available, while the Switzerland Innovation Park Basel Area Main Campus will officially open in Q3 2024. Interested organizations and parties can already meet the involved partners at the AI Innovation Center Basel Pre-Opening Event on May 15th.