Release date: 16 May 2024
Promoter – Financial Intermediary
ALTILIA SRLLocation
Description
Altilia is an automation software start-up based in the south of Italy (EU cohesion region), developing a software as a service (SaaS) adaptive AI cloud native platform to automate document-intensive processing to support the digital transformation of corporates, mid-caps, and small and medium enterprises.
Objectives
The project will support the promoter's continued research, development and innovation activities and related marketing expenses.
Sector(s)
- Services - Information and communication
Proposed EIB finance (Approximate amount)
EUR 15 million
Total cost (Approximate amount)
EUR 32 million
Environmental aspects
The project activities do not fall under the Annexes I or II of the EU Directive 2014/52/EU amending the Environmental Impact Assessment (EIA) Directive 2011/92/EU. The project does not carry any significant environmental impact. As such, the project activities are not subject to a mandatory EIA.
Procurement
The promoter is a private company not operating in the utilities sector and not having the status of a contracting entity, thus not being subject to EU rules on public procurement. However, if at the project appraisal, the EIB were to conclude that the promoter is subject to EU public procurement legislation, then the European Commission will be duly informed, which would require the promoter to apply those rules.
Status
Under appraisal
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).