GxG Legal advises family office consortium on investment in Austrian industrial AI specialist NXAI

GxG Legal attorneys Dr. Nikita Gontschar and Frank Rodenhausen advised a consortium of family offices on its investment in Austria‑based NXAI. GxG Legal worked alongside with Osborne Clarke and Dorda.

NXAI already counts a strong line‑up of investors. The new investment strengthens NXAI’s capital base and supports the company’s next growth phase and product roadmap.

“This transaction backs one of Europe’s most ambitious AI initiatives, aligning entrepreneurial capital with deep‑tech at its best,” commented the GxG Legal deal team.

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 and Albert Ortig 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.