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Tech investment firm Recognize closes USD1.3bn growth fund

Recognize, a technology investment platform that is singularly focused on the USD2-trillion technology services industry, has raised approximately USD1.3 billion for its inaugural fund.

Recognize seeks to partner with next-generation technology services firms to translate innovations into business value.

Recognize has closed on three platform investments with over 4,000 employees that exemplify transformative themes in tech services. These are Ciklum, a leading cloud-native, digital engineering firm with a delivery network across Eastern Europe; SpringML, one of the largest pure-play services organisations focused on Data, AI/ML, and other Google Cloud solutions; and Torc, a company redefining the future of work through a virtual talent platform for software engineers.

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