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.
Robotics & AI
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.
Humanloop, a UCL spinout, has attracted investment from UCL’s Technology Fund (UCLTF). Based on the world-leading research of two notable academics at UCL’s AI Centre Humanloop is teaching AI to improve performance with 10 times less human training than existing systems.
Investcorp white paper outlines potential for digital process automation tech to enhance productivity
A new Investcorp white paper outlines the key economic benefits and growth opportunities that could be brought about by a third wave of productivity improvements driven by digital automation.
The alternative fund management industry is witnessing a huge rise in the volume and diversity of data being ingested, as technology innovation facilitates firms in their research and portfolio construction activities; not to mention using advanced analytical tools to improve the quality of fund reporting.
In a recent white paper entitled Evolution in Asset Management, SEI pointed out that 70 per cent of US fund managers are currently looking to deploy advanced analytics in the front-office. The field of data science and machine learning-based data analysis is helping to transform how fund managers think about data to gain a competitive edge.
Analysis into how Hg and Two Six Capital are applying data science to better understand and improve business revenue drivers…