Palladyne AI Corp. (NASDAQ:PDYN – Get Free Report) CEO Benjamin G. Wolff purchased 11,176 shares of the stock in a transaction dated Monday, May 13th. The stock was purchased at an average price of $1.35 per share, for a total transaction of $15,087.60. Following the completion of the acquisition, the chief executive officer now directly […]
2 hours ago
Funding to Meet Demand and Drive Further Growth of Its Artificial Intelligence and Machine Learning Solutions
BOSTON–(BUSINESS WIRE)–Gradient AI, the leading enterprise software provider of artificial intelligence solutions in the insurance technology space, announced today that it has raised $20.0 million in a Series B financing led by American Family Ventures with participation from principals from Stone Point Capital, and BSC Capital as well as existing investors MassMutual Ventures, Sandbox Insurtech Ventures and Forte Ventures.
This infusion of additional capital allows Gradient to expand its product offerings, accelerate its customer acquisition plans, and expand its Board of Directors with the addition of Kyle Beatty, Managing Director at American Family Ventures. Kyle brings deep domain and investing expertise in insurtech, data analytics, and enterprise software platforms, including prior leadership and product positions at