NXAI

NXAI is a European deep-tech company building next-generation AI architectures and foundation models specifically designed for Industrial AI. Co-founded by Prof. Dr. Sepp Hochreiter, the original inventor of the LSTM architecture, NXAI commercializes xLSTM (Extended Long Short-Term Memory), a proprietary neural architecture that enables state-tracking and outperforms dominant Transformer architectures. The company develops specialized world models based on time-series analysis through its TiRex product line, delivering significant performance improvements across edge, embedded, and forecasting applications. NXAI focuses on deploying efficient models on edge devices through its own edge lab, with applications spanning time series, natural language, robotics, and biosciences. Founded in 2023 and headquartered in Linz, Austria, NXAI has raised approximately $22.7 million in Seed funding and collaborates closely with JKU Linz and other research institutions worldwide.