Multiples Alternate Asset Management has invested $20 million (about Rs 142 crore) in artificial intelligence and big data company Quantiphi, the first deep- tech investment by the Renuka Ramnath-led private equity firm. The investment which has a small secondary component as well, is the first institutional funding round raised by the six-year-old Boston and Mumbai-based company, which offers applied artificial intelligence, machine learning and big data solutions to a host of Fortune 500 companies across sectors such as CPG, insurance, healthcare, retail, media and entertainment, ed-tech and technology.

— The Economic Times

IndusLaw advised Quantiphi Inc led by a team of partner Anupam Prasad and senior associate Aakash Dasgupta.

Platinum Partners was also advising.

US firm Kelley Drye & Warren LLP acted for the investors.

US-based Law Office of Christina R Schaper Esq also advised.

2020-01-01

Deal value: $20m

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