IIFL Asset Management, an asset management firm, Nuvama, a financial services company, and Carnelian, an investment management firm, completed a $53m investment in Course5 Intelligence, a data analytics firm. “The data and AI revolution is finally here and the scope and scale of AI deployments across global enterprises are going to rapidly increase in the coming years. Recent advances in Generative AI, natural language and computer perception have completely removed the boundaries of what is possible. We want to ensure we maintain our leadership position amongst AI & Analytics solution providers by adding strategically to our portfolio to maximize our value proposition to global corporates. We are pleased to have on board Nuvama as an investor, someone who has a track record of partnering with sector leaders and is aligned to our vision,” Ashwin Mittal, Course5 Chairman and CEO.