View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
December 1, 2021

Euclidean Capital ramps up investments in AI-based firms

By Verdict Staff

Euclidean Capital, the family office of Renaissance Technologies founder Jim Simons, is reportedly ramping up its investments in machine learning (ML).

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

Since last year, the New York-based firm has backed at least six AI-based companies across health care, customer services and aviation segments, Bloomberg reported.

Last month, Euclidean joined the fundraising round of data-privacy firm Duality Technologies. It also participated in a financing round by aerial data management platform DroneBase, which leverage AI for its analytics.

Earlier this year, the firm increased its holdings in deep-learning platform Peltarion and ASAPP, which provides AI for call centres.

ML-based diagnostics firm Dascena and biotech startup Codagenix, which is developing a vaccine for Covid-19, among the other firms backed by Euclidean.

As of the end of this September, the firm held interests worth around $170m in over a dozen publicly traded companies. These included health-care firms Alector, PMV Pharmaceuticals, and RAPT Therapeutics.

A Euclidean representative didn’t respond to the new agency’s requests for comment.

Established by Simons in 2009, Euclidean has more than twelve employees in the US. The team is led by Ashvin Chhabra, who was previously chief investment officer at Merrill Lynch Wealth Management.

The firm hired Monique Miller as its head of investment strategy in 2018. Miller joined the family office from Wilshire, where she served as a managing director.

Simons, who was a former chairman of the math department at Stony Brook University and a military codebreaker, leveraged AI to support trading decisions at Renaissance from early on.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International