James Simons is know for his hedge fund Renaissance Capital, which is one of the most-successful hedge funds in the world. But, Simons is also investing in new ventures through his own family office Euclidean Capital, that is fetaured in our . In a recent investment, Euclidean is leading a round for Peltarion, a Swedish AI-startup whose technology enables companies to use Artificial Intelligence.Peltarion as “operational AI platform”The Stockholm-based startup Peltarion describes itself as “operational AI platform”. In detail, it means that the company is enabling companies to run AI applications “at scale and at speed”. As use cases, the Swedish startup names cancer diagnostics, DNA sequencing or music recommendations. The recent investment round gives Peltarion a valuation of $110M. Besides Simons family office also EQT Ventures and FAM (the investment arm of the wealthy Swedish Wallenberg family) are participating.Euclidean Capital Invests Simons Hedge Fund WealthSimons is one of the world’s most well-known hedge fund managers and mathematicians. Through Renaissance Capital, Simons revolutionized the adaption of mathematical methods in the field of finance. Today, Renaissance Capital is only managing the wealth of Simons and former employees. Simons Euclidean Capital is focusing on venture investments.You have a LinkedIn account and you are interested in the latest single family office news? What a match! It would be awesome to welcome you as follower on our , where we are keeping our followers up to date.You Might Also Like These ArticlesPicture
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