Announced
Completed
Financials
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artificial intelligence
United States
IT Services: Other
Acquisition
Domestic
Private
Minority
Private Equity
Venture Capital
Completed
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Single Bidder
Synopsis
Smith Point Capital, a venture capital investment firm, led a $37m Series C round in Virtualitics, an artificial intelligence and data exploration company, with participation from Citi and The Hillman Group. “We knew we wanted a strategic relationship with our lead investor, not merely capital. Smith Point’s operational expertise in enterprise software has been – and will continue to be – invaluable as we accelerate growth and innovation. This additional funding and strategic guidance will enable Virtualitics to realize our vision to empower organizations to solve complex, mission-critical problems with artificial intelligence, data exploration and prescriptive business workflows," Michael Amori, Virtualitics CEO and Co-Founder.
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