KKR, a private equity firm, is investing about $55 million in Arago AG, a company which develops artificial-intelligence software that companies can use to cut costs. The Germany based company is headed up by tech-legend Chris Boos and Dr. Bernhard Walther. The main competitor to Arago is IPSoft. Boos says the market opportunity is of $1.2 trillion. Arago main product is… Read More
In another good sign for fintech, Ribbit Capital is raising a new $500M fund
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Ribbit Capital is raising $500 million for a new fund, an SEC filing seen
by TechCrunch has revealed.
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