As part of its initiative to digitalise alternative asset servicing, Northern Trust has launched an artificial intelligence-powered solution to extract unstructured investment data from alternative asset documents and make it accessible and actionable for asset owner clients.
Robotics & AI
The increased usage of Artificial Intelligence (AI) in Private Equity (PE) and Venture Capital (VC) will boost the sector’s operational efficiency greatly and transform the ways in which partners perform their work, according to a new study. However, the paper’s author, Professor Thomas Åstebro of HEC Paris Business School, says it will also lead to a technological arms race and cause an eventual 'industry shakeout'.
EY's 2021 Global Private Equity Divestment Study, which was released last week, found that the pandemic has accelerated changes in attitudes to factors that are now affecting the valuation of businesses – in particular digitalisation and ESG metrics.
Fetch.ai, a Cambridge-based artificial intelligence lab building an open-access decentralised machine learning network for smart infrastructure, has launched v2.0 of its Mainnet with 30 validators, including Outlier Ventures, Forbole, and InfStones.
Jumio, a leading provider of AI-powered end-to-end identity verification and eKYC solutions, has secured a USD150 million investment from Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies.
ELSA, a mobile app that uses artificial intelligence and speech recognition technology to help language learners improve their English speaking skills and pronunciation, has cUSDosed Series B round of USD15 million in new capital.
Private Equity Wire talks to Ted Persson, partner at EQT Ventures – which recently closed a USD18 million series-A round into Stockholm-based AI-focused online learning platform Sana Labs, about the fact that around 1.3 billion adults will face a ‘skills mismatch’ for the jobs needed in the future, how the online learning trend will pan out in the next few years, and the role of the private sector in driving this trend.
Sidetrade and Hyman Capital partnership to provide AI tech for cashflow generation in private equity portfolio companies
Sidetrade, an Artificial Intelligence platform dedicated to accelerating company revenue and cashflow, has partnered with Hyman Capital to help the firm's clients and private equity contacts to adjust quickly to the Covid-19 pandemic in terms of cashflow generation.
Investcorp, a global provider and manager of alternative investment products, has invested in Terminus Technologies, an artificial intelligence (AI) CITY and smart service provider in China.
London private equity firm ADM Capital Europe's Cibus Enterprise Fund has acquired a 11.7 per cent stake in the Norwegian agricultural robotics company, Saga Robotics.