Based on an article on PYMNTS, Italian AI startup iGenius is planning to raise $698 million to enhance its AI-driven business solutions and expand its market presence. iGenius, known for its innovative AI platforms that assist businesses in data analysis and decision-making, aims to use the funds to develop new features and improve existing products. The company’s CEO highlighted that this funding round is crucial for scaling their operations globally and investing in research and development to stay ahead in the competitive AI market. The article details how iGenius’s AI technology integrates with various business systems to provide real-time insights and automation, which can significantly improve efficiency and productivity. The startup has already gained substantial traction in the European market and is looking to extend its reach to North America and Asia. Investors are optimistic about iGenius’s potential to revolutionize business intelligence with AI, given its strong performance and strategic vision. The fundraising efforts are expected to position iGenius as a leading player in the AI industry, capable of driving innovation and setting new standards for AI applications in business.