# NXAI

> Austrian frontier AI and industrial modeling company developing Sepp Hochreiter's xLSTM sequence architectures.

## Why it is interesting

A credible research-led alternative to transformer sequence models with a documented founding ownership structure. A published cash financing round could not be reliably verified and should not be invented.

## Profile

- **Latest funding:** Not publicly disclosed
- **Latest known valuation:** Not publicly disclosed
- **Total disclosed equity funding:** Not publicly disclosed
- **Stage:** other
- **Status:** private
- **Industries:** N/A
- **Coverage:** full
- **Last updated:** 2026-11-13

## Key facts

- Founded February 2024 by Sepp Hochreiter, Netural X and PIERER Digital Holding
- Founding ownership: Netural X 37%, PIERER Digital 37%, Hochreiter 26%
- No verified cash funding round recorded; company formation is not equivalent to a seed raise

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** November 13, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

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Source: https://venturecapitaltracker.com/startup/nxai