Tag Archives: artificial intelligence (AI)

Carlyle Acquires Knack RCM and EqualizeRCM to Create an AI-Native, Global Multi-Specialty Healthcare RCM Platform

Carlyle

WOODBRIDGE, N.J., AUSTIN, Texas, and MUMBAI, India – May 4, 2026 – Global investment firm Carlyle (NASDAQ: CG) today announced it has acquired a majority stake in Knack RCM (“Knack”) and EqualizeRCM (“Equalize”), two leading U.S. healthcare revenue cycle management (“RCM”) providers, to create an AI-native, global, multi-specialty RCM platform. Equity for the investment will come from investment funds affiliated with Carlyle Asia Partners VI (CAP VI) and Carlyle Asia Partners Growth II (CAPG II). The terms of the transaction are not disclosed. Rajiv Sharma, Founder of Knack RCM, and Nagi Rao, Founder of EqualizeRCM, will remain invested in the platform through a reinvestment of a portion of their proceeds.

 

Knack and Equalize are complementary healthcare RCM providers serving physician groups, durable medical equipment (“DME”) providers, rural hospitals, and other specialty provider segments. Together, they bring deep, specialty-specific expertise across DME, anaesthesia, eyecare, behavioural health, rural hospitals, urgent care, and multi-specialty physician groups.

 

The combined platform is expected to enhance operational scale and diversification, broaden the delivery footprint, strengthen leadership depth and help accelerate AI capabilities to enhance outcomes for clients. Knack contributes scaled, global delivery across the U.S., India, and the Philippines, anchored by an intelligent, end-to-end revenue engine powered by its orchestration platform, Workmate. EqualizeRCM complements this with its established delivery scale in the U.S. and India, alongside a proprietary payer enrollment platform and advanced AI-driven tools—such as Bill Smart for denial prediction and avoidance— that are purpose-built for hospitals, urgent care, and targeted specialty segments. Equalize’s AI-native platform, built on large language models and agentic AI, has demonstrated proven commercial traction, including the displacement of established, large-scale vendor contracts at leading DME manufacturers.

 

Kapil Modi, Partner at Carlyle India Advisors, said: “The U.S. healthcare revenue cycle market is growing rapidly, driven by margin compression, workforce shortages, and the shift to value-based care. Carlyle has significant experience in scaling RCM platforms to achieve market leadership and we believe Knack and Equalize stand out as leaders with their AI-native, specialty‑focused, and outcomes‑driven approach, which aligns well with the growing needs and demand in healthcare RCM.”

 

Rajiv Sharma, Founder, Knack RCM, said: “Carlyle has been a trusted partner to Knack, bringing not only capital but also valuable expertise in healthcare and RCM. The addition of Equalize is a progression of this partnership and strengthens the value we provide to our clients.”

 

Nagi Rao, Founder, EqualizeRCM, said: “Our clients, particularly rural hospitals and behavioural health providers, face immense pressure in sustaining margins and ensuring access to care. Partnering with Knack enables us to integrate our advisory expertise with their advanced analytics and global operations, to deliver more robust and tailored solutions. We are excited to work with Knack and Carlyle to drive wider adoption of our AI-native platform to support healthcare providers.”

 

Gautam Barai, CEO, Knack RCM, said: “Healthcare providers measure success by their ability to meet payroll, preserve services, and support their communities—not by the amount of automation deployed. Coming together with Equalize allows us to combine our strengths to tackle the most complex parts of the revenue cycle, including rural cost reports, DME intake, and challenging anaesthesia cases. For us, success is not about automating simple workflows but about addressing the most critical financial risks faced by our clients, which ultimately translates into improved financial health and better patient care.”

 

Amit Jain, Partner and Head of Carlyle India Advisors, concluded: “One of the core tenets of this investment is to build a scaled, strategically attractive physician and rural hospital RCM platform in a fragmented industry. Carlyle has a track record of executing similar strategies in sectors such as auto components and pharmaceuticals. This investment extends our India for the World thesis and builds on our experience investing in technology and tech-enabled services. We have invested in healthcare technology platforms including Indegene, Visionary RCM, and CorroHealth, and we will bring this expertise and execution capability to scale the combined Knack and Equalize platform.”

 

Carlyle intends to build on this platform strategy by pursuing additional opportunities in the RCM industry and will continue to seek to add synergistic assets with complementary offerings to the RCM platform.

 

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About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $477 billion of assets under management as of December 31, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,500 people in 27 offices across four continents. Further information is available at carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

 

About Knack RCM
Knack RCM is an AI-native, specialty‑focused revenue cycle management leader that helps healthcare organizations operating in complex clinical, financial and technology environments unlock the full value of reimbursement, safeguard margin and strengthen the delivery of care, so providers can better serve the communities that depend on them. Headquartered in Woodbridge, New Jersey, Knack RCM has over 8,000 employees across 10 delivery centers in India, the Philippines and the United States.

 

About EqualizeRCM
EqualizeRCM is a U.S.‑based revenue cycle management company serving physicians, hospitals, ambulatory surgery centers, laboratories and rural providers. The company is known for its work with Critical Access Hospitals, rural PPS Hospitals and Rural Health Clinics, providing specialized support in cost reports, reimbursement strategies and education forums that help clients navigate evolving payer and regulatory environments. The Company’s 1st Credentialing division is a leading provider of payor enrollment services across the nation.

 

 

Media Contacts

 

Carlyle
Lonna Leong
+852 9023 1157
lonna.leong@carlyle.com

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Anthropic Partners with Blackstone, Hellman & Friedman, and Goldman Sachs to Launch Enterprise AI Services Firm

Blackstone

San Francisco, CA – Anthropic, Blackstone, Hellman & Friedman, and Goldman Sachs today announced the formation of a new AI-native enterprise services firm that will work with companies to rapidly bring Claude into their core business operations. The new firm is a standalone entity with Anthropic engineering and partnership resources embedded directly within its team.

Alongside the founding partners, the new company is backed by a consortium of leading alternative asset managers including General Atlantic, Leonard Green, Apollo Global Management, GIC, and Sequoia Capital. The new firm will benefit from the consortium’s broad network of hundreds of companies to design, build, and maintain enterprise AI deployments, establishing a scalable platform for sustained growth.

Krishna Rao, Chief Financial Officer of Anthropic, said: “Enterprise demand for Claude is significantly outpacing any single delivery model. Our partnerships with the world’s leading systems integrators are central to how Claude reaches large enterprises. This new firm brings additional operating capability to the ecosystem and capital from leading alternative asset managers. We are proud to build it alongside Blackstone, Hellman & Friedman, Goldman Sachs, and our other partners.”

Jon Gray, President and Chief Operating Officer of Blackstone, said: “We intend to build a scaled, world-class company to deploy Anthropic’s incredible technology across a range of businesses in our portfolio and beyond. We believe it can help break down one of the most significant bottlenecks to enterprise AI adoption by expanding the number of highly skilled implementation partners.”

Patrick Healy, CEO at Hellman & Friedman, said: “This is a rare convergence: massive market need, the unmatched AI technical capability of Anthropic, and a consortium of investors with the reach to scale fast. The near-term value to our portfolio companies is substantial, and we are excited by the long-term potential to build the definitive enterprise AI services platform.”

Marc Nachmann, Global Head of Asset and Wealth Management at Goldman Sachs, said: “This is a compelling investment opportunity for our clients and will enable mid-market companies to deploy Anthropic’s AI solutions to drive meaningful impact in their business. By democratizing access to forward-deployed engineers, the new company can help the expansive network of portfolio companies in our Asset Management business and other companies of similar sizes accelerate AI adoption to grow and scale their operations.”

The company will serve as an accelerant in bringing AI solutions to mid-size companies, helping to drive adoption across an initial customer base of both portfolio companies of the investment firms and independent companies that can benefit from the platform.

Claude’s capabilities change on a monthly or even weekly basis, which creates a different kind of engineering challenge than traditional software deployment. The systems that companies build with AI need to evolve as the models underneath them improve. Because the firm’s engineers will work in close coordination with Anthropic’s research and product teams, the implementations they deliver are designed to do that from day one.

Some of the largest opportunities for AI sit in industries like healthcare, manufacturing, financial services, retail, real estate, infrastructure, and more. Building and maintaining frontier AI systems requires a depth of expertise that is scarce even among the world’s most sophisticated organizations. This new AI-native enterprise services firm will help leading businesses deploy AI at the speed and scale that their competitive positions require.

About Anthropic
Anthropic is a frontier AI company whose mission is to steer the trajectory of AI to advance human progress. We are best known for building Claude, the intelligence platform trusted by millions of people and businesses worldwide. Anthropic is a public benefit corporation—a for-profit committed to operating in service of social and public good—and controlled by a Long-Term Benefit Trust, a group of independent experts in AI safety, national security, public policy, and social enterprise.

About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

About Hellman & Friedman
Hellman & Friedman is a preeminent global private equity firm with a distinctive investment approach focused on a limited number of large-scale equity investments in high-quality growth businesses. H&F seeks to partner with world-class management teams where its deep sector expertise, long-term orientation, and collaborative partnership approach enable companies to flourish. H&F targets outstanding businesses in select sectors, including technology, financial services, healthcare, consumer services & retail, and information, content & business services. Since its founding in 1984, H&F has invested in over 100 companies and has over $115 billion in assets under management as of December 31, 2025. Learn more about H&F’s defining investment philosophy and approach to sustainable outcomes at www.hf.com
 
About Goldman Sachs Alternatives
Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $625 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives, including private equity, growth equity, venture capital, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs.

The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.

The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs has approximately $3.7 trillion in assets under supervision globally as of March 31, 2026.

Forward-Looking Statements
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect Blackstone’s current views with respect to, among other things, its operations, financial performance and the new enterprise services firm referred to herein. You can identify these forward-looking statements by the use of words such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “scheduled,” “estimates,” “anticipates,” “opportunity,” “leads,” “forecast,” “possible” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Blackstone believes these factors include but are not limited to those described under the section entitled “Risk Factors” in its Annual Report on Form 10-K for the year ended December 31, 2025, as such factors may be updated from time to time in its subsequent filings with the United States Securities and Exchange Commission (“SEC”), which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in its other subsequent filings. The forward-looking statements speak only as of the date of this release, and Blackstone undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

Press Contacts

Blackstone
Matt Anderson
Matthew.Anderson@Blackstone.com

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Bosch Ventures participates in USD 50 million Series B of Qdrant to power the next generation of scalable AI infrastructure

Robert Bosch

Berlin startup sets new performance benchmarks for production AI applications

  • Qdrant enables precise, scalable data access as the core infrastructure for production AI applications.
  • USD 50 million Series B round led by AVP together with international co-investors.
  • Dr. Ingo Ramesohl, Co-Managing Director of Bosch Ventures: “Qdrant exemplifies the kind of deep-tech innovation that we believe will shape the next generation of powerful and trustworthy AI systems.”

Stuttgart & Berlin, Germany – Bosch Ventures, the corporate venture capital company of the Bosch Group, is participating in Qdrant’s USD 50 million Series B financing round. The round, led by AVP and joined by international co-investors, underscores the growing importance of AI infrastructure for business-critical applications such as multimodal search and AI agent systems.

 

Next-Generation Vector Database for Production AI systems

As artificial intelligence moves from pilot projects into operational deployment, fast and precise access to relevant data is becoming a key success factor. Qdrant has developed a highly powerful search technology designed for large-scale datasets. Built from the ground up in the Rust programming language, the solution enables companies to search extremely large and complex datasets in real time in the cloud, in hybrid infrastructures, in their own data centers, or directly on devices and machines at the edge. The result is a search engine that adapts to the use case rather than forcing the use case to adapt to the search engine. “Whether a team prioritizes maximum accuracy, lowest latency, or cost efficiency at scale, Qdrant provides the controls needed to achieve those goals,”
says André Zayarni, CEO and co-founder of Qdrant. As an open-source solution, Qdrant benefits from a global developer community while also offering companies transparency, flexibility, and technological independence.

 

“In commercial AI applications, the ability to reliably retrieve context-relevant information in real time has become mission-critical infrastructure,” says Ingo Ramesohl, Managing Director of Bosch Ventures. “Qdrant’s cutting-edge, Rust-based architecture exemplifies the type of deep-tech innovation that we believe will shape the next generation of powerful and trustworthy AI systems. We are excited to support the team on its continued growth journey.”

 

Proven in production and Scaled Globally

Companies including Tripadvisor, OpenTable, Bayer, Deutsche Telekom, and Bosch rely on Qdrant when vector search must run reliably and efficiently under real-world conditions. The open-source project has more than 250 million downloads and over 28,000 stars on GitHub. Its global developer community continuously advances the platform based on real production requirements. Qdrant has also been recognized in several industry reports, including The Forrester Wave™: Vector Databases, Q3 2024; GigaOm Radar for Vector Databases v3 (2025) and Sifted’s 2025 B2B SaaS Rising 100.

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Blackstone Leads Funding of Over $1 Billion to Neysa to Work Towards Building India’s Leading AI Infrastructure Platform

Blackstone

Mumbai, February 16, 2026 – Neysa (the “Company”) today announced that private equity funds affiliated with Blackstone (collectively, “Blackstone”) and co-investors have entered into definitive agreements to invest in Neysa, enabling a $1.2 billion capital raise. Blackstone and co-investors have provided equity capital of up to $600 million, on the basis of which Neysa intends to secure an additional $600 million of debt financing, subject to documentation. Neysa is a fast-growing Artificial Intelligence acceleration cloud platform in India delivering mission critical solutions to enterprises and government entities. Blackstone will partner with Neysa’s Co-Founder and Chief Executive Officer, Sharad Sanghi, to accelerate the Company’s growth. This funding provides a material impetus to Neysa’s planned scale-up and deployment of over 20,000 GPUs in India, helping to enable the country’s AI revolution.

Founded in 2023, Neysa designs and develops AI systems that are deployed and operated within India. The Company provides purpose‑built and cost-effective GPU‑based AI infrastructure that enables enterprises and institutions to train, fine‑tune, and deploy AI workloads. Its customers span across industries, including financial services, technology, healthcare, and public services.

Amit Dixit, Head of Asia Private Equity at Blackstone, said: “Over the past two decades, we have been committed to building businesses that build India, and this investment brings that to life. It reinforces Blackstone’s focus on backing the essential “picks and shovels” of AI globally, including in India, a key market for Blackstone. With our scale, deep expertise, and track record of building market-leading businesses, we believe we are well-positioned to support Neysa’s next phase of growth and the advancement of India’s AI transformation.”

Ganesh Mani, a Senior Managing Director in Blackstone Private Equity, said: “Digital infrastructure is one of our highest conviction investment themes globally. This investment positions Neysa to play a meaningful role in advancing AI infrastructure in India and enables businesses and public institutions to deploy AI technologies more effectively as AI adoption accelerates. We believe Neysa has the best management team in this space and look forward to partnering with Sharad and team to scale the business and support India’s innovation.”

Sharad Sanghi, Co-Founder and Chief Executive Officer of Neysa, said: “India’s AI ambition requires production grade infrastructure built and operated at scale. Neysa is focused on delivering the execution layer of sovereign compute, and AI research enablement and adoption in alignment with the goals of IndiaAI Mission. We seek to provide performance certainty and data assurance, enabling enterprises, hyperscalers, and global AI labs to deploy and scale reliable AI infrastructure in India. With Blackstone’s experience in scaling critical infrastructure, we aim to help establish India as a globally relevant AI compute destination. This investment is especially meaningful as it coincides with the AI Impact Summit, reflecting growing global engagement with India’s AI compute landscape.”

Blackstone affiliates are a significant global investor in the foundational tools, infrastructure, and technologies that drive AI’s development and adoption. Key investments include QTS, world’s largest data center platform; AirTrunk, the leading data center platform in the Asia Pacific region; CoreWeave, a specialized cloud infrastructure company; and Firmus, an Australian-based AI infrastructure platform.

Other equity investors in this transaction to include Teachers’ Venture Growth, TVS Capital, 360 ONE Assets, and Nexus Venture Partners. DC Advisory served as lead financial advisor to Neysa. KPMG served as a financial advisor to Blackstone. Talwar Thakore & Associates (TT&A) is serving as legal advisor to Neysa. Trilegal and Gibson & Dunn are serving as legal advisors to Blackstone.
 
About Blackstone  
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.
 
About Neysa
Neysa is an AI Acceleration Cloud provider that enables enterprises, startups, and public sector organisations to discover, deploy, and scale AI workloads securely and cost-effectively. Its flagship AI Acceleration Cloud system, Velocis covers AI infrastructure, GenAI and AI use case performance optimisation, and AI/ML security. Neysa’s partner-first approach is designed to foster an open AI ecosystem, driving industry-specific adoption at scale. Further information is available at www.neysa.ai. Follow @neysa on LinkedIn and Instagram.

Media Contacts

For Blackstone
Ellen Bogard
Ellen.Bogard@Blackstone.com
Tel: +852 3651 7737

Deepa Jayaraman
Deepa.jay@outlook.com
Tel: +91 90087 78681

For Neysa
Sujit Janardanan
sujit.j@neysa.ai
Tel: +91 9819466337

Naina Aggarwal Ahuja
naina.a@talkingpointcommunications.com
Tel: +91 9582363695

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myKaarma Accelerates AI-Enabled Service Lane Solutions with Warburg Pincus Investment

Warburg Pincus logo

Long Beach, CA – January 14, 2026 – myKaarma, a leading provider of end-to-end service lane solutions for automotive dealerships, today announced a strategic investment from Warburg Pincus, the pioneer of global growth investing. The investment will accelerate myKaarma’s growth, as the company expands its portfolio of AI-driven fixed ops and payments solutions that help dealerships streamline operations, improve customer experience, and drive revenue. The transaction includes a partial sale by H.I.G. Growth Partners (“H.I.G. Growth”), with Warburg Pincus joining myKaarma’s Board of Directors as part of the transaction.

“myKaarma has more than tripled in size since 2022, and we are thrilled to now have Warburg Pincus as a strategic partner as we continue to expand our AI-enabled service lane and fixed operations solutions,” said Ujj Nath, CEO of myKaarma. “With both H.I.G. and Warburg’s operational support and experience, we are further positioned to help dealerships maximize efficiency, revenue, and customer satisfaction across their service lanes.”

myKaarma offers a comprehensive, cloud-native Workflow AI platform built for franchise auto dealerships. Its suite of solutions helps dealers streamline service leads, operations and payments, enhance customer experience, and improve service advisor and technician efficiency to drive measurable revenue improvement. Since H.I.G.’s initial investment, myKaarma has experienced strong growth through product innovation, category expansion, operational execution, and expansion of its loyal and growing customer base.

“We are proud of the transformation and growth myKaarma has achieved,” said Evan Karp, Managing Director at H.I.G. Capital. “We believe Warburg Pincus is the right long-term partner to support the company’s continued innovation and expansion, given their deep domain expertise and strong history of scaling software businesses.”

“myKaarma is the market leader in service marketing, service lane technology, and dealership payments, distinguished by its exceptional customer advocacy. Fixed operations remains a critical profit engine for dealerships and OEMs, and myKaarma leverages innovative AI and embedded finance solutions to help clients deliver best-in-class consumer outcomes. We look forward to applying our expertise in automotive technology, integrated payments, and generative AI to support the company’s continued growth,” said Michael Ding, Managing Director, Warburg Pincus. “We are excited about myKaarma’s long-term growth trajectory, and our investment will help scale the company’s offerings to enable auto dealerships across the country to optimize their service center profitability and unlock additional value,” added Allison Ross, Principal, Warburg Pincus.

The equity for the transaction is being provided by Warburg Pincus Capital Solutions Founders Fund (“WPCS FF”), which closed in September 2024 with over $4 billion in commitments.

myKaarma was advised by Houlihan Lokey and TD Securities.

RBC Capital Markets served as financial advisor to Warburg Pincus.

About myKaarma

myKaarma is a leading provider of cloud-based software solutions that transform the after-sales service experience at automotive dealerships. Its integrated platform includes communications, appointment scheduling, payments, video inspections, and analytics tools used by thousands of dealers to increase efficiency, customer satisfaction, and profitability. For more information, visit mykaarma.com.

About H.I.G. Growth Partners

H.I.G. Growth Partners is the dedicated growth capital investment affiliate of H.I.G. Capital, a leading global alternative investment firm with $74 billion of capital under management.* H.I.G. Growth seeks to make both majority and minority investments in strong, growth-oriented businesses located throughout North America, Europe, and Latin America. H.I.G. Growth Partners considers investments across all industries but focuses on certain high-growth sectors where it has extensive in-house expertise, such as technology, healthcare, internet and media, consumer products and technology-enabled financial and business services. H.I.G. Growth strives to work closely with its management teams to serve as an experienced resource, providing broad-based strategic, operational, recruiting, and financial management services from a vast in-house team and a substantial network of third-party relationships. For more information, please refer to the H.I.G. website at HIGgrowth.com.

About Warburg Pincus

Warburg Pincus LLC is the pioneer of global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $100 billion in assets under management, and more than 215 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,100 companies across its private equity, real estate, and capital solutions strategies.

Warburg Pincus’ Capital Solutions team collaborates closely with the firm’s 290+ investment professionals and approximately 75 value creation executives across Warburg Pincus’ global industry verticals, critical to sourcing and underwriting differentiated, attractive investments. In addition to a long and successful track record of investing in capital solutions-like transactions historically, the Warburg Pincus Capital Solutions Founders Fund portfolio consists of investments including DriveCentric, Excelitas Technologies, MB2 Dental, MIAX, Nord Security, Service Compression, and United Trust Bank.

The firm is headquartered in New York with more than 15 offices globally. For more information, please visit warburgpincus.com or follow us on LinkedIn.

Media Contact:

Laurie Halter

Charisma! Communications

503-816-2474

Laurie@charismacommunications.com

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Majesco Closes Acquisition of Vitech, Advancing Cloud and AI-Native Innovation for Insurance and Pension & Retirement

Thomabravo

MORRISTOWN, NEW JERSEY — Majesco, a leader in cloud-native and AI-native insurance technology for the P&C and L&AH markets, today announced the close of its previously announced acquisition of Vitech, a provider of cloud-native pension and benefits administration solutions. The transaction expands Majesco’s leadership into the Group & Benefits and Pension & Retirement segments and strengthens its position as the category leader for next-generation core platforms.

“We are thrilled to officially welcome Vitech to Majesco,” said Adam Elster, CEO of Majesco. “This is a powerful moment for our customers as we significantly expand into new markets and add capabilities and expertise to drive innovation, growth, and efficiency. We’re bringing unmatched AI-leadership and expertise across P&C, Group & Benefits, and Pension & Retirement to support our customers and the market in the new era.”

With the addition of Vitech, Majesco now offers an even broader product portfolio with expansion into the Pension & Retirement market. The broader and more innovative portfolio of solutions help Majesco customers lower expense ratios, streamline complex operations, accelerate product innovation, and respond faster to evolving regulatory and customer demands. Together, Majesco’s intelligent, cloud and AI-native solutions provide a future-ready platform to drive operational optimization, innovation, and growth.

“This marks an important milestone for both organizations,” said James Ousley, CEO of Vitech. “Our combined talent and solutions portfolio create a powerful foundation to improve efficiency, extend capabilities, and prepare for a rapidly evolving market. We’re excited to join Majesco and about the unique possibilities it brings to our customer base.”

Today’s close marks the start of Majesco’s next phase of growth, focused on delivering industry-leading, AI-native innovation and strengthening the technology foundation to the P&C and L&AH insurance and Retirement & Pension markets to adapt, innovate, and compete in an increasingly complex landscape. Majesco recently announced it is quadrupling its AI investment to accelerate its P&C roadmap and extend customer value for the P&C market.

Additionally, CVC Funds have completed a minority investment in Majesco as part of this transaction. The additional resources will support the ongoing expansion and innovation across Majesco’s AI-native product portfolio.

Kirkland & Ellis LLP served as legal advisor to Majesco and Thoma Bravo. White & Case LLP served as legal advisor to CVC Capital Partners. RBC Capital Markets acted as financial advisor to Vitech.

About Majesco

Majesco isn’t just riding the AI wave – we’re leading it for the P&C and L&AH insurance industry. Born in the cloud and built with an AI-native vision, we’ve reimagined the insurance core as a platform that lets insurers move faster, see farther, and operate smarter. As leaders in intelligent SaaS solutions, we’ve embedded AI and Agentic AI throughout our robust product portfolio of core, underwriting, loss control, distribution, and digital solutions so our customers can reimagine their business with real-time business insights, optimized operations, and enhanced business outcomes. Everything we build is designed to strip away complexity and let our clients focus on what matters: delivering exceptional products, experiences, and outcomes.

In a world where change is constant, our native-cloud SaaS platform empowers insurers the agility to adapt to market and risk shifts quickly, reshape their operational cost structure, accelerate innovation readiness, and rethink how insurance can be done with the intelligence to stay ahead. With 1000+ implementations, we are the AI insurance leader that over 350 insurers, reinsurers, MGAs rely on to rethink how insurance can be done in today’s modern era of insurance. Break free from the past and build the future of insurance at www.majesco.com.

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Accenture to acquire Faculty, an Apax Digital Fund I portfolio company, to scale AI capabilities

Apax

Accenture has agreed to acquire Faculty, a leading UK-based AI native services and products business built on highly technical applied AI skills and a unique decision intelligence product that features advanced simulation and optimization capabilities. The acquisition will expand Accenture’s capabilities to help its clients reinvent core and critical business processes with safe and secure AI solutions that result in tangible outcomes.

Founded in 2014, Faculty has a strong track record working with public and private sector clients to deploy AI solutions in the U.K. and other key markets. Its services – which include AI strategy, AI safety and the design, build and implementation of high-performance AI systems – support the scaled and safe adoption of AI by client organizations.

Faculty has built a distinctive market position by pairing deep technical capability with an ability to attract and retain top-tier data science talent in the UK. This is driven by its thought leadership, fellowship programme, and work on high-profile, mission-critical projects, including the NHS Early Warning System. Most recently, Faculty became OpenAI’s first global technical partner, underlining its credentials in advanced and generative AI.

Since 2021, with the support of Apax Digital and LocalGlobe, Faculty has more than quadrupled in size, evolving from an applied AI services provider into a business with a differentiated, scalable software platform at its core. Investment in Frontier, Faculty’s software platform, has also unlocked significant growth opportunities, particularly in life sciences, where Faculty’s decision intelligence capabilities address complex regulatory and operational challenges.

Faculty’s team of more than 400 AI native professionals, including highly qualified data scientists and AI engineers, will integrate with Accenture’s teams to scale world class AI capabilities for clients.

Marc Warner, CEO of Faculty, said, “Our vision has always been a world in which safe AI delivers widespread benefits to humanity. We have spent the last ten years supporting our clients to bring this world about, step by step. As AI advances rapidly, the ambition of our clients is now, rightly, no less than the reinvention of their business. I am delighted that by teaming up with Accenture, we have everything in place to support AI transformation from start to finish.”

Faculty is known for their ability to apply AI in mission-critical settings. For example, during the COVID-19 pandemic, Faculty built the UK National Health Service’s (NHS) Early Warning System. This was used daily by NHS Gold Command to accurately predict patient demand across the country, and to optimally allocate critical care resources to where they were needed most.

Saul Klein, Co-founder and Executive Chairman at Phoenix Court, home of LocalGlobe, said: “We are proud to have invested in Faculty in January 2016, when they were a small team of around 10 people, together with the other early stage investors in the company. We extend our warmest congratulations to Marc, Andy, Angie and the whole Faculty team as they embark on this exciting next stage of their journey, together with Accenture.”

Mark Beith, Partner at Apax Digital, said: “Faculty has built the UK’s standout applied AI business, pairing serious technical depth with the discipline to deploy AI safely in the real world. We met Faculty in 2017 and became a client early on. It has been a privilege to partner with Marc, Angie, Andy, John and their world-class team, as well as LocalGlobe. Quadrupling revenues in four years, launching a successful AI software offering and becoming a unicorn – this is a great outcome for Faculty and showcases the strength of the UK’s AI ecosystem. Accenture now gives Faculty a global platform to industrialise applied AI for the world’s largest organisations.”

Faculty would like to extend our deep gratitude to Apax, LocalGlobe, our seed stage investors – Mercuri, Metaplanet, and RockSpring, and our long list of angel investors, who have all helped us along the way.

Goldman Sachs International served as sole financial advisor and Simpson Thacher & Bartlett LLP as legal advisor to Faculty, and Slaughter and May as legal advisor to management.

Completion of the acquisition is subject to customary closing conditions, including required regulatory approvals. Terms of the transaction were not disclosed.

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Graphite + Cursor: One Engineering Platform for the AI Era

Accel

Today Graphite is joining forces with Cursor to build the ultimate engineering platform for the AI era.

When we first partnered with Merrill, Tomas, and Greg, we saw a massive opportunity to re-imagine code collaboration, starting with review. Code review’s core primitives had not been re-thought for decades, and the pressure on this “outer loop” was made obvious as AI increased code volume tenfold. Graphite was tackling these problems head-on with infrastructure that supported the fastest-moving engineering organizations at scale.

Similarly, our conviction in Cursor came from the belief that owning the core flywheel of code generation would be the richest source of intent and context for downstream workflows. We believed this “inner loop” would continue to compound, evolving from a mere text editor to an AI-native operating system engineers would live in every day.

Graphite + Cursor: One Engineering Platform for the AI Era

Fast forward to today, and these theses have converged. Code generation and review are rapidly blending together, and collaboration is becoming fluid across teams of humans and agents.

The refrain we now hear from engineering leaders is simple: the “inner loop” and “outer loop” should be connected.The ultimate software engineering platform will combine the raw horsepower of code generation with the reliability, contextual understanding, and collaboration of a code review platform. This combination is exactly what Graphite and Cursor make possible together.

From our time working with both teams, we see a lot of shared DNA: distinctive product taste, exceptional talent density across New York and San Francisco, and a relentless commitment to building tools developers absolutely love. Together, these qualities form a uniquely powerful foundation that is hard to replicate, and even harder to beat.

Congratulations to the entire Graphite team on this milestone. We couldn’t be more excited to continue to partner and build the platform to define engineering in the years to come.

written by

Christine Esserman

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HBox Receives Strategic Growth Investment from Charlesbank Technology Opportunities Fund

Charlesbank

Boston, MA – December 19, 2025: HBox (“HBox” or the “Company”), a leading virtual care platform for specialty practices, announced that it has received a growth investment from Charlesbank’s Technology Opportunities Fund (“TOF”) II. Amid rising chronic disease prevalence, expanding reimbursement for outcome-focused virtual care and innovative new ways for treating patients between visits, specialty practices are seeking scalable ways to extend treatment beyond the clinic. Charlesbank’s investment provides capital to help HBox advance key initiatives, including expanding its virtual care capabilities, furthering its mission to transform care delivery for patients with high-risk chronic conditions, and positioning itself as the virtual care partner to the specialty practice of the future. The transaction closed on December 17, 2025.

HBox is led by BanuPrasad Dhanakoti (Chief Executive Officer), Sandeep Subramanya (Chief Operating Officer) and Mohammed Ali (Chief Revenue Officer), who co-founded the Company. HBox delivers an integrated, AI-powered virtual care platform that leverages connected medical devices, next-generation patient-engagement tools and care services that create a virtual clinic within a clinic, enabling cardiology, pulmonology, nephrology and other specialty clinics to continue care seamlessly outside of in-person care settings. HBox aggregates real-time vitals, patient actions and clinical documentation into a unified system that allows physicians to efficiently manage large chronic populations while maintaining high-touch patient care.

“Today marks an important step forward for HBox and for the patients and clinicians we support,” said Banu Dhanakoti. “For cardiac patients in particular, timely monitoring and personalized care plans can help prevent hospitalizations and provide families with greater confidence in day-to-day condition management. With Charlesbank’s TOF team behind us, we can continue strengthening our offering and advancing a virtual care model that seeks to bring the cardiology clinic of the future into today’s specialty practices – enhancing quality and continuity of care without adding burden to clinics.”

Since its founding, HBox has delivered a fast pace of innovation and high service quality to customers, resulting in rapid customer growth and high patient compliance rates. Today, HBox is a mission-critical partner to independent specialty practices across the country.

“Preventative, virtual and continuous care is the future of healthcare for both improving outcomes and managing costs,” said Michael Zirngibl, Principal at Charlesbank. “We are excited to back Banu, Sandeep, Mo and the team as they continue to expand HBox’s innovative virtual ‘clinic within a clinic’ offering.”

“Remote monitoring and virtual care are becoming standard in many specialties, yet most practices lack the technology and staff to run these programs on their own,” added Hiren Mankodi, Co-Head of Charlesbank’s Technology Opportunities team. “HBox’s combination of software, services and specialty focus positions the Company to be that infrastructure at scale.”

Kaizen Equity Partners served as exclusive financial advisor to HBox, with K&L Gates serving as its counsel. Brown Gibbons Lang & Company served as financial advisor to Charlesbank, with Mintz and McDermott Will & Schulte as counsel.

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Chai Discovery Announces $130 Million Series B To Transform Molecular Discovery

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Oak HC FT

Chai Discovery, the AI company that predicts and reprograms the interactions between biochemical molecules, today announced its $130 million Series B financing round co-led by Oak HC/FT and General Catalyst. This round of financing values the company at $1.3 billion.

The news comes on the heels of Chai’s most recent announcement, where the company showed their latest models can now design molecules with important “developability” properties and tackle “hard-to-drug” targets that have historically been challenging for traditional techniques.

The round also comes just months after Chai Discovery announced a $70 million Series A and revealed Chai 2, the first zero-shot generative platform that achieves double digit experimental success rates in de novo antibody design – a 100-fold improvement over previous computational methods.

“We’re standing on the precipice of a new era for the biopharmaceutical industry,” said Josh Meier, co-founder and CEO of Chai Discovery. “We’re in awe of the rate of progress on the models – what looked like five-year problems just months ago are now getting solved in weeks. Our latest models can design molecules that have properties we’d want from actual drugs, and tackle challenging targets that have been out of reach. These models will unleash a new wave of first-in-class and best-in-class therapeutics, and the early adopters in pharma will be the big winners.”

The fundraise was co-led by Oak HC/FT and General Catalyst, with participation from Thrive Capital, OpenAI, Dimension, Menlo Ventures, Lachy Groom, Yosemite, Neo, and SV Angel. New investors Emerson Collective and Glade Brook also joined the round.

“We believe biology is becoming programmable, rewiring what was once an empirical art into an engineered discipline,” said Elena Viboch, Managing Director at General Catalyst. “Chai’s team is leading this transformation – advancing the technical frontier and expanding what’s possible in therapeutics.”

By converting what has traditionally been a lengthy iteration cycle into a computational process, Chai can materially compress the time to first-in-human studies, tackle hard to drug and “undruggable” targets, and accelerate the overall time to commercialization.

“Nowhere is AI transformation more needed than in drug development – the process is slow, expensive, and imprecise,” said Annie Lamont, Co-Founder & Managing Partner at Oak HC/FT. “It can take over a decade and cost upwards of a billion dollars to bring a medicine from bench to bedside. The Chai Discovery team is rewriting that story, fusing world-class AI and biological expertise to dramatically accelerate how medicines are discovered. We’re thrilled to support them as they push the boundaries of what’s possible in this field.”

The company will use the funding to accelerate research and product development, and expand commercialization efforts as they continue to execute on the vision of building a “computer-aided design suite” for molecules.

The Series B round brings Chai’s total funding to more than $225 million. As part of the fundraise, Annie Lamont from Oak HC/FT and Hemant Taneja from General Catalyst will be joining the board.

For more information on Chai Discovery and its platform, visit https://www.chaidiscovery.com.

About Chai Discovery

Chai Discovery builds frontier artificial intelligence to predict and reprogram the interactions between biochemical molecules, the fundamental building blocks of life. Its mission is to transform biology from science into engineering. The team hails from pioneering research and applied AI companies such as OpenAI, Meta FAIR, Stripe, and Google X, and is backed by top investors including OpenAI, Thrive Capital, Menlo Ventures, and Dimension.

About Oak HC/FT

Oak HC/FT is a venture and growth equity firm specializing in investments in fintech and healthcare. Using partnership as a foundation, Oak HC/FT guides companies and founders at every stage, from seed to growth, to create businesses that make a measurable and lasting impact. Founded in 2014, Oak HC/FT has invested in more than 100 portfolio companies and has over $5.3 billion in assets under management. Oak HC/FT is headquartered in Stamford, CT, with an office in San Francisco, CA. Follow Oak HC/FT on LinkedIn and X and learn more at https://www.oakhcft.com/.

About General Catalyst

General Catalyst is a global investment and transformation company that partners with the world’s most ambitious entrepreneurs to drive resilience and applied AI.

We support founders with a long-term view who challenge the status quo, partnering with them from seed to growth stage and beyond.

With offices in the U.S., Europe, and India, we have supported the growth of 800+ businesses, including Airbnb, Anduril, Anthropic, Applied Intuition, Commure, Glean, Gusto, Helsing, Hubspot, Kayak, Livongo, Mistral, Ramp, Samsara, Snap, Stripe, Sword, and Zepto.

For more: www.generalcatalyst.com, @generalcatalyst

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