PE Tech Report

Robotics & AI

Northern Trust automates data extraction from alternative asset documentation

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. Built in collaboration with Microsoft Azure Applied AI Services, which accelerate time to

Artificial intelligence

Increased use of AI in PE will cause an industry shakeout, says new research

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

Artificial intelligence

AI beat supply chain as number one value driver in 2020

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.  The report looked at how private equity is refining exit strategies for stronger

Fetch.ai launches Mainnet v2.0

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.   The v2.0 of Fetch.ai Mainnet is the next step towards building an AI-powered blockchain that allows businesses and

Jumio secures USD150m investment from Great Hill Partners

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.  This infusion represents the single largest funding round in the digital identity space and speaks to the global

ELSA closes USD15m Series B round

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.  This round was co-led by ​VI (Vietnam Investments) Group and ​SIG​. Previous investors ​Gradient Ventures​, Google’s

Ted Persson, EQ Ventures

EQT backs in-demand AI learning platform

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

Investcorp invests in Chinese AI and smart service provider Terminus Technologies

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. Investcorp has been investing in tech-enabled businesses for 20 years and focuses on identifying companies that it considers to have established business models and are

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