AI Expertise for
Smarter Investments
You evaluate AI companies for acquisitions, allocations or portfolio strategies. We help you assess them properly.
Start a ConversationToo many pitches.
Too little clarity.
Every week, another AI company lands on your desk. The pitch decks all sound the same: proprietary technology, defensible data, scalable margins. But telling apart genuine innovation from a well-designed slide deck takes expertise most investment teams do not have in-house.
Our team combines AI research, technical architecture and financial expertise. We examine the technology, the business model and the numbers. And tell you clearly what is real, where the risks are and whether the valuation makes sense.
We build what we advise on.
Our advisory practice grows out of hands-on AI development — not the other way around.
Practitioners, not observers
BlackAI Holding AG backs 16 early-stage AI ventures — from financial intelligence and legal AI to energy trading and distributed ledger infrastructure. We work hands-on with architecture, model development, data infrastructure, and go-to-market. When we assess an AI company for you, we draw on the same experience we apply across our own ventures.
View our ecosystem →What we build right now
BlackLisa — our AI-powered investment intelligence system. FinAI and LegalAI in the backend, weekly portfolio valuations, milestone-tracked and cryptographically verified.
BlackAI Compliance — AI-driven compliance review designed for financial services and regulatory supervisors. We develop the models that check what regulators will check.
Active development · Compliance tooling available as a service
AI Ventures We Back
Early-stage companies across FinTech, LegalTech, InsurTech, Energy, Infrastructure and Foundation Models. Two groups: Swissi AI and P3 AI. Based in Zug, Switzerland.
Investment Support
After closing, we can accompany the companies you invest in — advising on AI architecture, governance and go-to-market. We have built AI systems ourselves and know what good execution requires.
Competence
Corporate finance, governance and audit on one side. AI architecture, model training and data infrastructure on the other. We speak both languages — at the level your board and your CTO expect.
Four disciplines. One goal: clarity.
AI Due Diligence
Technical review of whether the AI story holds up architecturally, commercially and strategically.
AI Valuation
Milestone-based option valuation for companies whose value is driven by AI.
Transaction Support
Target assessment, deal structuring and post-acquisition integration advisory.
Portfolio Advisory
AI exposure analysis, governance frameworks and management-level risk briefings.
Do you know the difference between
an AI wrapper and an AI-native company?
If not, it might be worth talking to us before making a decision.
Talk to Us FirstSix dimensions. Every single one matters.
Model Stack
Is the AI proprietary or a wrapper around existing APIs? How deep is the integration?
Data Governance
Are the data assets defensible? How is the access, quality and compliance logic structured?
Integration Depth
Is AI the core product or a feature? How dependent is the business model on the AI layer?
Scalability
Do margins scale with growth or do costs grow linearly with it?
Regulation
EU AI Act risk classification, conformity status and regulatory resilience.
Defensibility
Competitive moat, IP protection and structural barriers against replication.
Three steps. From briefing to investment memo.
Briefing
You share the investment thesis and open questions. We define the scope of review.
Analysis
Technical architecture, data assets, business model, regulation and valuation.
Deliverable
Investment memo with clear assessment, risk evaluation and actionable recommendation.
Published research. Open methodology.
Our advisory work builds on frameworks we develop and publish as peer-reviewed research. The methodology is documented, the assumptions are transparent, and the papers are available for download.
Valuing AI companies requires frameworks that account for milestone-gated development, structural risk shifts, and integration depth. We developed our own methodology for this — and publish it openly so the reasoning behind our assessments can be reviewed and challenged.
The paper is freely available in English and German.
Firm Valuation When AI Shapes the Business Model
Prof. Dr. Walter Kurz, Wojtek Stricker · Swissi Institute for AI · Pre-Print 2026
A milestone-based real-options framework for AI company valuation. Covers integration depth taxonomy, five-component state decomposition, and an AHP-based Success Readiness Index. Designed to make every assumption in an AI valuation identifiable and auditable.
From first look to full mandate.
You choose the depth. Start with a quick pre-filter or go all the way to a structured investment framework. Every stage works on its own or as part of a longer engagement.
Pre-Filter Assessment
You have a stack of pitch decks. We do a quick, structured assessment of each — technology, team, market fit — and tell you which ones deserve a deeper look. Saves weeks of internal debate.
Technical Deep Dive
For the shortlisted companies, we go under the hood. Architecture review, AI maturity assessment, data quality, model dependency. A clear technical picture for your DD team.
Deal Room Support
We join your internal discussions, sit in on founder pitches, and provide real-time expert feedback. Your team asks the right questions, and we help interpret the answers.
Valuation & Due Diligence
Full AI-specific due diligence and milestone-based valuation. Not a generic DCF — a framework built for how AI companies actually grow and create value.
Business Plan & Strategy
We write or review the business plan with you. Revenue model, unit economics, competitive positioning, go-to-market — structured so your investment committee can work with it.
The Masterplan
A comprehensive investment framework across your entire AI portfolio. Valuation bands, risk mapping, capital allocation, and ongoing advisory as your strategy evolves.
Bring us any AI company you are evaluating. We assess the technology, the business model, and the valuation — and give you a clear, honest recommendation. One-off engagement or ongoing advisory, whatever your mandate requires.
We also back and accompany early-stage AI ventures ourselves. If you are looking for vetted opportunities with an operational team already in place, our ventures are open for co-investment.
BlackAI Portfolio
AI companies we build and operate ourselves. Open for co-investment alongside our team.
Swissi Institut for AI
EducationSwiss research and education quality, fully online.
Swissi FinAI
FinTechAI-powered finance solutions for regulated industries.
P3 Energy
EnergyAI-driven energy trading and grid optimisation.
Swissi LegalAI
LegalAI for legal workflows and compliance automation.
P3 Data
DataVerified, governed data foundation for AI systems.
Swissi Agnostyca AI
PlatformFoundation AI platform for the Swissi ecosystem.
Swissi Stablecoin AG
CryptoProgrammable settlement for compliant digital assets.
Swissi DLT AG
BlockchainTrust anchor and distributed ledger for compliance.
Swissi UniAI AG
EdTechAI administration suite for education providers.
Swissi InsAI AG
InsurTechAI across the insurance value chain.
Swissi PharmaAI AG
PharmaGxP-compliant AI for life sciences.
Swissi Data AG
DataSource of truth for AI and compliance data.
Swissi GIT AG
DevOpsCompliance rail for AI software distribution.
Swissi AI Jobs AG
HRAI-powered talent matching for AI companies.
P3 Electricity
EnergyAI grid optimisation at infrastructure scale.
Swissi Data Centre AG
InfrastructureSovereign AI infrastructure for Europe.
Swissi Institut for AI
EducationSwiss research and education quality, fully online.
Swissi FinAI
FinTechAI-powered finance solutions for regulated industries.
P3 Energy
EnergyAI-driven energy trading and grid optimisation.
Swissi LegalAI
LegalAI for legal workflows and compliance automation.
P3 Data
DataVerified, governed data foundation for AI systems.
Swissi Agnostyca AI
PlatformFoundation AI platform for the Swissi ecosystem.
Swissi Stablecoin AG
CryptoProgrammable settlement for compliant digital assets.
Swissi DLT AG
BlockchainTrust anchor and distributed ledger for compliance.
Swissi UniAI AG
EdTechAI administration suite for education providers.
Swissi InsAI AG
InsurTechAI across the insurance value chain.
Swissi PharmaAI AG
PharmaGxP-compliant AI for life sciences.
Swissi Data AG
DataSource of truth for AI and compliance data.
Swissi GIT AG
DevOpsCompliance rail for AI software distribution.
Swissi AI Jobs AG
HRAI-powered talent matching for AI companies.
P3 Electricity
EnergyAI grid optimisation at infrastructure scale.
Swissi Data Centre AG
InfrastructureSovereign AI infrastructure for Europe.
Ready to talk?
Whether you need a quick assessment or a long-term advisory partnership. We are here to help.
The BlackAI Ecosystem
BlackAI Holding AG operates focused service websites and works with specialized partner capabilities across AI research, data infrastructure, software engineering, and capital.
BlackAI
Zug, Switzerlandblackai.capitalPrivate AI venture club. 16 early-stage AI ventures we back across research, fintech, energy, healthcare, and data infrastructure.
Swissi Institute for AI
Zug, Switzerlandswissi-ai.instituteApplied AI research and development. AI architecture, model evaluation, and enterprise-grade AI systems.
Power 3 Data
Zug, Switzerlandpower3data.comData infrastructure, analytics, and AI-driven energy market intelligence.
01 Engineering
Zug, SwitzerlandSoftware engineering and AI system development. Full-stack architecture for AI-native applications.
BlackAI Compliance
Zug, Switzerlandcompliance.blackai.capitalAI-powered compliance review for financial services providers. Regulatory audits for FINMA, BaFin, and FMA requirements.
BlackAI Websites
Zug, Switzerlandwebsites.blackai.capitalAI-readiness services for companies. AI-optimized websites, AI chat integration, enterprise AI systems, and finetuned models.