Two executives from the New York-based private equity firm will join the board of Electric Mind, which rebranded from Intelliware last year. The firm will use the new capital to expand in the U.S., and to grow its workforce of over 350 employees to more than 500, including 100 U.S. staff over the next year, said CEO Chris Ford. (The Logic)
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Two executives from the New York-based private equity firm will join the board of Electric Mind, which rebranded from Intelliware last year. The firm will use the new capital to expand in the U.S., and to grow its workforce of over 350 employees to more than 500, including 100 U.S. staff over the next year, said CEO Chris Ford. (The Logic)
Talking point: Electric Mind installs and runs technology systems for clients, which use them to operate and automate parts of their businesses. Consulting firms were among the early winners of the generative AI boom, as companies scrambled to adopt the technology under pressure from boards and markets. Electric Mind has a particular focus on financial services, which has adopted AI faster than many other sectors because its firms typically have a better handle on their data.
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