Solutions
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 AI-focused venture fund, ​SOSV​, and Monk’s Hill Ventures also participated in this round. New investors are Endeavor Catalyst and Globant Ventures​, which will assist ELSA’s expansion efforts in Latin America.
With over 13 million users worldwide, ​ELSA (English Language Speech Assistant) is the world’s best English speaking and pronunciation app.
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.Â
CybSafe, a behavioural security platform aimed at helping organisations manage human cyber risk, has closed a GBP5.6 million (USD7.9 million) Series A1 round, led by deep tech investors, IQ Capital with participation from Hannover Digital Investments (HDI Group) and B8 Ventures.
The investment comes as a result of the company’s continued momentum, its pioneering use of data and behavioural science and growth of the market opportunity.
The investment round will be used to enhance go-to-market capability, deepen technology and research capability, and further disrupt the industry’s approach to managing human risk. CybSafe uses audit data from multiple systems (such
An innovative North East based immersive technology company is aiming to transform the way customers engage and experience entertainment, sport, visitor attractions, hospitality and retail.
Fame Media Tech – led by entrepreneur Bryan Hoare – is on a mission to transform customer experiences through mobile and content technology to help operators create more engaged and loyal customers, fans and visitors.
The County Durham business, whose team combines market leading technology with decades of experience in publishing and digital media, has already started to create innovative content experiences for millions of mobile users around the world and is now about
Splashtop, a remote access and remote support company, has closed a USD50 million financing round that takes its valuation above the USD1 billion mark.
Alternative data specialist Eagle Alpha, has added AI-driven financial information technology provider Causality Link’s data to its library of alternative data supplied to asset managers, private equity professionals and corporate enterprises.
Read the full story at Hedgeweek…
Foreside Financial Group (Foreside), a provider of governance, risk management, and compliance service and technology offerings to clients in the global asset and wealth management industry, is to acquire Capital Markets Compliance (CMC), a compliance, consulting, and FINOP practice.
Allvue Systems (Allvue), an alternative investment technology solutions provider, is to provide TrustServe with comprehensive solutions for its General Partner (GP) and management company clients in private equity, real estate, venture capital, fund of funds and family offices.
As part of the technology solution, Allvue will deliver its Fund Accounting, Investor Portal, Business Intelligence (BI) and Report Automation solutions, enabling TrustServe to streamline and seamlessly manage record-keeping, reporting and investor communications for their customers. Allvue’s platform will support TrustServe’s broad customer base, servicing all closed-ended fund types, including private equity, venture capital, fund of funds, energy infrastructure, real estate, private
Memery Crystal, a London-based law firm, has entered into an exclusive agreement with Parisian law firm, Fides Partners to offer UK clients a comprehensive and independent management advisory offering for private-equity backed deals.
This tie-up will allow Memery Crystal to provide a unique advisory service to management teams that includes financial, alongside traditional legal and tax advice. Offering a complete advisory service stops the need for multiple advisors, ensuring simplicity and efficacy throughout the process.
Memery Crystal has a record of acting for motivated individuals, whether management teams, owner managers or entrepreneurs, on a variety of transactions. The firm
Foresight Group (Foresight), an independent infrastructure and private equity investment manager, has invested in Titania Group Limited (Titania), a cybersecurity automation software business.
The investment will be used to support the senior management team in taking Titania through its next stage of growth, assisted by Foresight’s expertise in the sector.
Founded in 2009 by Ian Whiting, the company has grown substantially due to the success of its first product, Nipper, which automates the assessment of network devices to identify mis-configurations and vulnerabilities with the accuracy of a penetration tester. Winner of multiple cybersecurity industry awards, as well as the Queen’s
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