13.05.2024 / Deals & Cases

Deal: Wenger Vieli advised Progile on its seed financing round of CHF 1.3 Mio

Wenger Vieli advised progile, a Zurich-based AI company, on all Swiss legal matters related to their recent funding round. The round, securing CHF 1.3 million Mio, was led by prominent investors, focusing on advancing progile's AI-driven test automation platform. The funds are intended to enhance the development and distribution of their platform, which aims to improve software reliability in an increasingly digital world.

Progile specializes in autonomous software testing. Their platform, TestResults.io, uses artificial intelligence to optimize the software testing process, targeting the need for reliable testing solutions.

The team was led by Michael Baier (Partner, Venture Capital / M&A) and included Dominique Mattmann (Associate, Venture Capital / M&A) and Kianoush Sadeghi (Associate, Venture Capital / M&A).