Long Ridge Equity Partners and CBC Companies to invest in SoftWorks AI.

Long Ridge Equity Partners, a private investment firm, and CBC Companies, a holding company whose subsidiaries include Factual Data, DataVerify and Byte Software, agreed to invest in SoftWorks AI, the provider of the Trapeze intelligent mortgage automation platform. Financial terms were not disclosed. "SoftWorks has consistently been at the forefront of AI-based mortgage automation, and our partnership with Long Ridge and CBC will allow us to accelerate the development of our solutions to support real-time loan decisioning while also expanding our reach across the mortgage lifecycle. We are excited to continue to lead the digital transformation of mortgage and consumer lending by serving the various participants in such a large and vibrant market," Ari Gross, SoftWorks AI Founder and CEO.