Company Overview
Snapshot
Founded in August 2014 by Niles Fleischer and Alex Nimberger, AIONZ operated with 1–10 employees. The company secured funding across four rounds, with Mobilion Ventures participating. AIONZ was acquired by General Motors in June 2023.
Business overview
AIONZ, formerly known as ALGOLiON, develops smart diagnostic software to enhance the lifespan and safety of lithium-ion batteries. Its flagship product, AlgoShield, uses patented algorithms to provide early warnings for potential battery safety and fire hazards, up to a week in advance. This technology serves various markets, including electric vehicles, portable electronics, medical devices, and aviation, aiming to improve return on investment by extending battery service life and protecting assets. The company operates in the Energy Tech sector, focusing on predictive analytics and software applications for battery safety.
Strategic signal
AIONZ's acquisition by General Motors in June 2023 highlights the increasing strategic importance of advanced battery diagnostics in the automotive industry, particularly for electric vehicles. This move signals a strong market demand for technologies that can prevent EV battery fires and extend battery life, indicating a growing focus on safety and efficiency within the electric vehicle ecosystem for investors and innovation teams.
Log in to access full profile ›Company Intelligence Q&A
- What is AIONZ's primary product?
- AIONZ's primary product is AlgoShield, a smart diagnostic software that uses patented algorithms to provide early warnings for lithium-ion battery safety risks and fire hazards.
- When was AIONZ acquired and by whom?
- AIONZ was acquired by General Motors in June 2023.
- Who are the founders of AIONZ?
- AIONZ was founded by Niles Fleischer and Alex Nimberger.
- Has AIONZ received any grants?
- Yes, AIONZ received a grant from the European Aviation Safety Agency in November 2017 and another from EU Horizon 2020 in October 2016.
- Which investor participated in AIONZ's funding rounds?
- Mobilion Ventures participated in a funding round for AIONZ in January 2021.