News & Insights

NXAI is an AI venture based in Linz, emerging from the Johannes Kepler University ecosystem (LIT AI Lab). It was founded in late 2023 by a team including Prof. Sepp Hochreiter to translate cutting‑edge research into industrial‑scale applications—particularly for manufacturing, engineering, logistics, and energy. Prof. Sepp Hochreiter is widely known as the co‑inventor of Long Short‑Term Memory (LSTM) networks, a cornerstone of modern AI, and leads the LIT AI Lab at JKU Linz.

GxG Legal attorneys Dr. Nikita Gontschar, Frank Rodenhausen and Lara Köster advised a BLC Venture Capital on its investment in somana, Terra Green Solutions and Zodiaque. The transactions align with BLC’s strategy of backing ventures that drive the sustainable economy and benefit from optimized financing structures, strategic support, and access to a partner ecosystem.

Tjiko GmbH was founded in 2019 and has since established itself as a pioneer in the field of prefabricated, modular bathroom units for the construction and real estate industries.

GxG Legal advises CM Venture GmbH on Investment in HyTi GmbH.