Artificial Intelligence
The Global Robot End Effector Market size is expected to reach $4.2 billion by 2028, rising at a market growth of 12.6% CAGR during the forecast period
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New York, April 20, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Robot End Effector Market Size, Share & Industry Trends Analysis Report By Type, By Vertical, By Robot Type, By Application, By Regional Outlook and Forecast, 2022 – 2028” – https://www.reportlinker.com/p06449874/?utm_source=GNW
The process tools, grippers, and sensors work with the robot end effectors fixed to the robot arm. Robot end effectors are sometimes called end-of-arm tooling (EOA), robot tools, end-of-arm devices, robotic peripherals, robotic tooltips, and robot tools.
An end effector enables the robot to engage with the task at hand. The majority of end effectors are electromechanical or mechanical. They can be as basic as two-finger grippers for pick-and-place activities or as sophisticated as extensive sensor networks for robotic inspection. Sometimes the phrase “End Of Arm Tool” (EOAT) is also used to denote robotic end effector. A robot end effector is essentially the business end of the robot. Most robots are virtually useless without an end effector.
For example, an adjustable robotic arm can be set to a specific spot in its workplace, but without an end effector, it cannot carry out any operations. The use of collaborative robotics is the main driver propelling the robot end effector market. These robots engage with their surroundings and respond appropriately. They adjust their course of action or operation direction in response to alterations in the working environment. Also, the advent of automation in various sectors to complete tasks more quickly has increased the demand for robot end effectors.
COVID-19 Impact Analysis
The COVID-19 pandemic significantly impacted the building, hotel, industrial, and tourism sectors. As a result, production ceased or was severely constrained in many nations. Globally, supply chains for the construction and transportation industries as well as those industries themselves, were hindered. This resulted in a decrease in both the production and the demand for robot end effectors, which restrained the market’s expansion. In addition, the automotive industry’s operations were constrained during the pandemic. The primary end customers of the robotic end effectors are automotive manufacturers. Therefore, the decrease in this industry impacted the market for robotic end effectors.
Market Growth Factors
Rising installation of the robot end effectors across numerous industries
Automation, AI & ML, IIoT, and other emerging technologies have greatly broadened the use cases for robots, which has resulted in a considerable increase in demand for robotics in recent years. The robotics business has also been impacted by technological development, which has made it possible to create creative, affordable robots. Investment in robotics is further fueled by the growing adoption of digital technologies in commercial, residential, and industrial end-user sectors. Also, advantageous market conditions are being created for the development of the robotics and end-effector markets by supportive government policies and programs like “Industry 4.0” as well as Smart Cities. Hence, throughout the projection period, the demand for robot end effectors is expected to rise, which will promote market growth.
Growing demand for increased automation as well as worker efficiency
Robot end effectors effectively boost labor productivity while improving machine productivity. Automating a manufacturing process speeds up output and increases worker productivity. As a result, more is produced per hour of work. An increase in worker productivity has a substantial positive impact on the business because labor costs have been steadily growing in industrialized nations worldwide recently. In addition, most of the monotonous jobs that humans formerly performed are now being replaced by machines, demanding the use of robots. Robotic technology also aids in reducing the effects of a labor shortage concurrently.
Market Restraining Factors
High implementation and maintenance costs, particularly for SMEs
Investing in industrial robotics and automation is still prohibitively expensive. The expense of installing robotic end effectors is a commercial restraint. The businesses spend less on new investments. They have less capital than the automotive and other major sectors. Few SMEs nowadays, like glass polishing businesses, are required to automate their operation. Additionally, robot end effectors are extremely vulnerable to damage when used in heavy sectors, where repair or maintenance can be expensive. All these factors significantly hinder the growth of the market.
Type Outlook
Based on type, the robot end effector market is categorized into welding guns, grippers, tool changers, clamps, suction cups, and others. The grippers segment garnered the highest revenue share in the robot end effector market in 2021. Gripping tools that can be added to the robot immediately include end effectors and area grasping systems. They are especially well suited to operations that involve packing. The handling use of grippers in a variety of workpieces, taking into account their diverse shapes and sizes, is a major driving force of the gripper segment.
Robot Type Outlook
On the basis of robot type, the robot end effector market is divided into traditional industrial robots and collaborative industrial robots. The traditional industrial robots segment recorded the largest revenue share in the robot end effector market in 2021. Traditional industrial robots are multipurpose manipulator that are automatically controlled, reprogrammable, and programmable in three or more axes that can be fixed or attached to a mobile base for implementation in automation operations in an industrial setting.
Application Outlook
Based on application, the robot end effector market is segmented into handling, welding, assembly, processing, dispensing, and others. The assembly segment procured a remarkable growth rate in the robot end effector market in 2021. Assembly robots perform highly repetitive tasks more rapidly and accurately than human labor, which supports the segment’s expansion. The employment of robotics in assembly and disassembly processes frees humans to take on other tasks that don’t put them at risk for workplace accidents. A work cell may house one or more assembly tasks in robotic assembly systems. Robots can use vision systems to do complex pick-and-place tasks and quality control.
Vertical Outlook
On the basis of vertical, the robot end effector market is classified into automotive, electrical & electronics, metal & machinery, plastic, rubber, & chemical, food & beverage, precision engineering & optics, pharmaceutical & cosmetics, e-commerce, and others. The electrical and electronics segment witnessed a substantial revenue share in the robot end effector market in 2021. Robots are capable of performing hazardous tasks that are risky for humans. Robots can work with high-voltage equipment and hazardous materials in the electrical and electronics industries, lowering the danger of worker damage or even death. Automated robots can be used at practically any point of the whole production cycle and have great potential in the manufacturing of electronics today.
Regional Outlook
Region wise, the robot end effector market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region acquired the largest revenue share in the robot end effector market in 2021. Due to minimal production costs, easy availability of affordable labor, lax emission and safety standards, and government interventions for foreign direct investments, the robot end effector market in the region has grown more rapidly over the past ten years. In addition, the region also has a robust automotive and semiconductor industry, which uses robot end effectors significantly.
The major strategies followed by the market participants are Acquisitions. Based on the Analysis presented in the Cardinal matrix; Piab AB is the forerunner in the Robot End Effector Market. Companies such as ABB Ltd., DESTACO, Inc., and Kuka AG are some of the key innovators in Robot End Effector Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Ltd., ATI Industrial Automation, Inc. (Novanta, Inc.), DESTACO, Inc. (Dover Corporation), Kuka AG (Midea Investment Holding Co., Ltd.), Bastian Solutions, LLC (Toyota Advanced Logistics Group) (Toyota Industries Corporation), Piab AB (Patricia Industries)(Investor AB), Robotiq, Inc., SCHUNK GmbH & Co. KG, J. Schmalz GmbH and Zimmer Group.
Recent Strategies Deployed in Robot End Effector Market
Partnerships, Collaborations and Agreements:
Jul-2022: ABB extended its collaboration with SKF for identifying and evaluating solutions for supporting clients’ increased production efficiency and improving manufacturing capabilities. The expansion strengthened the company’s technical leadership and its focus on industrial automation.
Feb-2022: ATI Industrial Automation and Celera Motion, the business units of Novanta, partnered with MassRobotics, for developing and scaling the next generation of successful robotics startups. Following this partnership, the companies would create advanced innovations in surgical/medical robotics and would increase robotic productivity.
Nov-2021: ABB announced a partnership with Sevensense Robotics, a provider of 3D visual technology and artificial intelligence, for driving next-generation autonomous mobile robots. The partnership is yet another crucial step in ABB’s strategy to advance flexible automation’s next generation and broaden its robotics and automation product offerings.
Nov-2020: KUKA Robotics extended its partnership with AutomaTech Robotik, the Canadian provider of robotic automation solutions, to North America. The partnership’s main focus is to spread awareness of AutomaTech’s KUKA robot-based woodworking machine tending solutions throughout North America. With the help of AutomaTech’s software and robotics integration expertise, KUKA’s robot technology will enable manufacturers to develop their businesses.
Jul-2020: KUKA came into partnership with T-Systems for creating a solution for digitalized production in order to help the manufacturing industry in reaping benefits from digitization immediately.
Feb-2020: ABB came into partnership with Covariant, for bringing AI-enabled robotics solutions, starting from a completely autonomous warehouse order fulfillment solution. With Covariant AI technology, ABB expedites its entry into the distribution and e-commerce fulfillment sectors. Together, the companies will work towards a robotics-enabled AI future in which intelligent robots collaborate with people in dynamic surroundings, learning from and developing as a group with each task accomplished.
Acquisitions and Mergers:
Aug-2022: Piab Group took over AVAC Vakuumteknik, a vacuum automation specialist. The acquisition of AVAC complemented the company’s portfolio of products and solutions ranging from a vast range of applications.
Apr-2022: Piab signed an agreement to acquire Joulin, a provider of vacuum gripping solutions. The acquisition complemented Piab’s business in the rising material handling solutions market.
Oct-2020: ABB completed the acquisition of Codian Robotics, a company that provides delta robots. The acquisition enabled ABB to assist its clients in realizing the full potential of automation and enhance their flexibility in a business environment that is undergoing rapid change.
Geographical and Business Expansions:
Mar-2023: ABB announced the expansion of its North American Robotics headquarters and manufacturing facility in Michigan by increasing its production capacity in response to the rising automation demand. With this expansion, the company would enhance its leadership in the development and manufacturing of cutting-edge robotic solutions in the U.S.
Mar-2023: Schmalz announced the expansion of its facility in the Raleigh area for robotics tooling production. New product lines, such as workstation cranes and end-of-arm robotic palletizer and de-palletizer equipment, will be accommodated following the expansion. Moreover, Schmaltz will add new product lines for material handling systems and collaborative robot end-of-arm equipment. Schmalz Inc. would be able to accommodate high-demand products that must be delivered quickly to distributors and consumers because of the expanded assembly warehouse, which will also give the company much-needed additional capacity for value-added assembly work. Our growth in the North American market will be aided even further by the additional office space.
Dec-2022: ABB announced the opening of its state-of-the-art, flexible, and fully automated robotics factory in Shanghai, China. The 67,000m2 manufacturing and research facility, in which ABB invested $150 million (1.1 billion RMB), will use its digital and automation technologies to produce next-generation robots, strengthening its position as a leader in robotics and automation in China.
Dec-2021: Schunk opened new CoLabs in the USA and China for providing local customers with automation. The experts on-site can test and improve industrial applications for the automotive industry, aerospace industry, or medical technology in live operation, across a total of 215 square meters.
Product Launches and Expansions:
Mar-2023: Destaco released a new line of cobot tooling solutions that would support customers who use cobots and small payload robots in their operations. The tools are suitable for tasks such as grasping, palletizing, machine tending, tool change, and tool extension. The tooling solutions are suitable for cobots with an ISO 9409-1-50-4-M6 end-of-arm attachment pattern.
Dec-2021: ATI Industrial Automation introduced the QC-29 robotic tool changer for opening up the productivity for smaller robots. The changer features the rugged and powerful technology of ATI’s heavy-duty tool changers for robots in the 25-35 kg payload class. The QC-29 is the first standard ATI Tool Changer created with a rectangular body that attaches quickly to robot wrists with a diameter of 40 mm and 50 mm. Connecting utilities is made simple with built-in airports and three module mounting flats, and the Zero-Freeplay design assures maximum repeatability for high-efficiency tool changes.
Apr-2021: Piab AB announced the launch of new suction end effectors for industrial robots. In particular, for the logistics, warehousing, e-commerce, and recycling industries, the MX suction cup family of Piab, is remarkable for scooping up various things. Applications for the MX suction cup include bin picking, order fulfillment, box depalletizing, and parcel sorting. The five sizes of MX suction cups—35, 42, 50, 57, and 65 mm in diameter—are all compatible with its comprehensive piGRIP fitting programme, providing a variety of fitting choices that may be customized to your requirements.
Mar-2021: Destaco unveiled TCI manual tool changer for cobots. With the TC1 Series manual tool changer, Destaco increased the scope of its end-of-arm tooling offering. The TC1 tool changer is pre-assembled and ready to install for collaborative robots used for loading and unloading, picking and placing, and other applications. The TC1 tool changer’s small weight of 330 grams (11.6 ounces) and low-profile height of 25 mm (1 inch) have little effect on the payload capacity of cobots. The TC1’s push-button release enables a tool change in under three seconds. The TC1 has inbuilt safety features, such as a visible red signal when the tool is not securely coupled or locked into place, and positional coupling repeatability of 0.025 mm (0.001 inches).
Jan-2021: Piab introduced a soft gripper, or end effector, for industrial robots. Piab’s piSoftGrip line was created for the automation of the chocolate and food industries. The vacuum-based soft gripper can hold onto delicate, lightweight oblong items with unique geometries and/or surfaces. PiSoftGrip is a straightforward and reliable tool with two grasping fingers and a sealed hoover cavity that are both constructed in one piece. The product is not sensitive to dust, and the degree of hoover applied allows for simple adjustment and control of the gripping force. To facilitate the picking of extended items, it is simple to arrange the gripper in rows (multiple modes).
Scope of the Study
Market Segments covered in the Report:
By Type
• Grippers
• Welding Guns
• Tool Changers
• Clamps
• Suction Cups
• Others
By Vertical
• Automotive
• Metal & Machinery
• Food & Beverage
• Electrical & Electronics
• Plastic, Rubber, & Chemical
• Precision Engineering & Optics
• Pharmaceutical & Cosmetics
• E-Commerce
• Others
By Robot Type
• Traditional Industrial Robots
• Collaborative Industrial Robots
By Application
• Handling
• Welding
• Assembly
• Processing
• Dispensing
• Others
By Geography
• North America
o US
o Canada
o Mexico
o Rest of North America
• Europe
o Germany
o UK
o France
o Russia
o Spain
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Singapore
o Malaysia
o Rest of Asia Pacific
• LAMEA
o Brazil
o Argentina
o UAE
o Saudi Arabia
o South Africa
o Nigeria
o Rest of LAMEA
Companies Profiled
• ABB Ltd.
• ATI Industrial Automation, Inc. (Novanta, Inc.)
• DESTACO, Inc. (Dover Corporation)
• Kuka AG (Midea Investment Holding Co., Ltd.)
• Bastian Solutions, LLC (Toyota Advanced Logistics Group) (Toyota Industries Corporation)
• Piab AB (Patricia Industries)(Investor AB)
• Robotiq, Inc.
• SCHUNK GmbH & Co. KG
• J. Schmalz GmbH
• Zimmer Group
Unique Offerings
• Exhaustive coverage
• Highest number of market tables and figures
• Subscription based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free
Read the full report: https://www.reportlinker.com/p06449874/?utm_source=GNW
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Artificial Intelligence
MediaGo Honored as Gold Stevie® Award winner in 2024 American Business Awards®
MediaGo recognized for its deep learning technology and SmartBid product
SAN FRANCISCO, May 2, 2024 /PRNewswire/ — MediaGo, a deep learning-based intelligent advertising platform under the umbrella of Baidu Global, was named the winner of a Gold Stevie® Award in the 22nd Annual American Business Awards® for the second consecutive year – this time in the Marketing/Public Relations Solution category.
Recognized for setting a new standard in the industry for campaign performance and efficiency, MediaGo leverages Baidu’s underlying artificial intelligence (AI) technology and deep learning algorithms to empower businesses of all scales, creating tangible value for companies. With 12 operation centers worldwide, MediaGo has successfully provided localized and comprehensive business growth services to over 10,000 partners.
The American Business Awards are the U.S.A.’s premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations – public and private, for profit and non-profit, large and small. More than 3,700 nominations from organizations of all sizes were submitted this year for consideration.
When assessing MediaGo’s entry, American Business Awards judges noted that MediaGo’s “innovative use of deep learning in advertising optimization represents a significant leap forward, yielding tangible benefits for advertisers, including increased conversion rates and reduced costs per action. The significant enhancements to SmartBid technology, evidenced by substantial increases in campaign performance and efficiency, set a new standard in the industry.”
MediaGo’s SmartBid product is built on a deep neural network of over 1 billion parameters. Leveraging big data analytics and deep learning algorithms, MediaGo’s SmartBid predicts the likelihood of user conversions and adjusts the baseline bid accordingly. Furthermore, SmartBid capabilities automatically self-adjust to improve ad performance based on historical and real-time data, optimizing the advertisers’ return on investment.
“Our SmartBid product has proved itself by continuously providing substantial value to advertisers worldwide,” says Rena Ren, Americas Regional Director of Baidu Global Business Unit. “MediaGo strives to help advertisers reach their goals with easy-to-use, effective technology. Being recognized by a premier organization like the American Business Awards reaffirms our belief. ”
About MediaGo
MediaGo is an intelligent advertising platform under the umbrella of Baidu Global. Leveraging Baidu’s underlying AI technology and based on deep learning algorithms, MediaGo empowers businesses of all scales, creating tangible value for companies. With 12 operational centers worldwide, MediaGo has successfully provided localized and comprehensive business growth services to over 10,000 partners.
Learn more about MediaGo at https://www.mediago.com/.
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Artificial Intelligence
Clarivate Enhances Cortellis CMC Intelligence with Post-Approval Module to Accelerate Regulatory Success
Enhancements enable pharma, biotech and generics companies to streamline regulatory tracking and optimize life cycle management for small molecules and biologics
LONDON, May 2, 2024 /PRNewswire/ — Clarivate Plc (NYSE:CLVT), a leading global provider of transformative intelligence, today announced the launch of the newly enhanced Cortellis CMC Intelligence™ solution, featuring a new post-approval variations module. The module for post-approval variations covers regulatory changes across multiple countries, offering meticulously curated requirements to streamline tracking. With this update, pharmaceutical, biotech, and generics companies can effortlessly navigate the regulatory process and prioritize essential actions.
CMC activities account for nearly 18% of the entire R&D budget, emphasizing the importance of optimization and validation. Cortellis CMC Intelligence for post-approval variations enables clients to compare requirements across 64 countries, reducing tracking time and increasing submission rates with organized, timely, and accurate information.
Justin Hubbard, Vice President, Product Management, Life Sciences & Healthcare, Clarivate, said: “This enhancement underscores our commitment to simplifying the complexities of CMC regulatory dossier submissions for our clients. By offering transformative insights, Clarivate accelerates their path to markets and patients. With the ability to efficiently compare regulations across countries for small molecules and biologics, as well as automate CMC regulatory monitoring through user-configured alerts, clients can navigate the process with confidence.”
With its new module covering both pre- and post-approval documents, Cortellis CMC Intelligence offers comprehensive lifecycle information for drugs and biologics. Serving as a single-platform solution for CMC requirements, it effectively reduces tracking time and unnecessary costs.
About Cortellis CMC Intelligence
Cortellis CMC Intelligence curates and tracks official CMC regulations and local practices for more than 135+ countries, territories and organizations for small molecules and 64 countries, territories and regions for biologics, with pre-and post-approval module coverage. Robust data is available for 25+ product and regulatory-related filters based on eCTD structure, including 6K+ source documents and over 2K links to Cortellis Regulatory Intelligence, providing access to expanded detail and in-depth summaries from experts in local regulatory practices, paired with reference source documents, to offer a complete picture. The addition of a new post-approval module now makes a comprehensive CMC solution with complete lifecycle information for drugs and biologics to increase submission rates and avoid costly delays. To learn more about Cortellis CMC Intelligence, visit here.
About ClarivateClarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com
Media Contact:Luna IvkovicExternal Communications, Life Sciences & [email protected]
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Permira Growth Opportunities Transaction builds on initial minority investment made in early 2023 to acquire a majority position and support BioCatch’s accelerated growth within online fraud detection and financial crime prevention
NEW YORK and TEL AVIV, Israel, May 2, 2024 /PRNewswire/ — BioCatch (the “Company”), the global leader in digital fraud detection and financial crime prevention powered by behavioral biometric intelligence, today announced that Permira Growth Opportunities II (the “Fund”), a fund advised by global private equity firm Permira, has agreed to acquire a majority position in the Company. Alongside the Fund’s investment, existing shareholders Sapphire Ventures and Macquarie Capital will also increase their investments in BioCatch. The transaction is expected to accelerate the Company’s global expansion, advance its innovative product roadmap and support its continued overall growth.
Under the terms of the agreement, the Fund will acquire a majority stake in BioCatch, buying out shares primarily from Bain Capital Tech Opportunities and Maverick Ventures, in a secondary transaction valuing the Company at a total enterprise valuation of $1.3bn.
BioCatch was founded in 2011 – at the dawn of a significant consumer shift from branch to online banking – with a mission to fight fraud and keep users safe in online transactions without disrupting user experience. Today, the Company is a leader in behavioral biometric intelligence and advanced fraud detection, leveraging patented artificial intelligence, data science, and machine learning technology to analyze a user’s cognitive intent and deliver highly accurate insights as to the legitimacy of their identity, motivations, and behavior. In 2023, the Company expanded its mission to include a proactive approach to fighting financial crime with the launch of predictive, behavior-based mule account detection.
As fraud attacks have become increasingly scaled, sophisticated and complex, BioCatch has experienced significant and sustained momentum. Permira, via its growth equity strategy, completed an initial minority investment in the Company in early 2023, a year that BioCatch ultimately finished with 49% ARR growth, whilst also surpassing the $100 million ARR milestone and attaining EBITDA profitability. Today, BioCatch counts more than 190 financial institutions as customers globally, including over 30 of the world’s largest 100 global banks, who use its solutions to fight fraud, facilitate financial crime prevention and decision intelligence sharing, accelerate digital transformation, and grow the value of customer relationships.
Permira brings a growth mindset to BioCatch’s next chapter, with the ability and network to help the Company expand across Continental Europe, where Permira was first established nearly four decades ago. In addition, Permira is excited to back the Company’s exceptional management team and innovative product roadmap, and is committed to further strengthening BioCatch’s global leadership position both organically and inorganically.
“Permira has backed the theme of cybersecurity for several years, and within this, online fraud detection, customer identity and access management markets have become a clear focus. We have tracked BioCatch with enthusiasm for many years, and now having been a shareholder since early 2023, our conviction in the business, its growth potential, its technology leadership, and its management team continues to grow. We’re excited to become the company’s majority shareholder and look forward to a continued successful partnership with Gadi and the BioCatch team as we seek to further accelerate growth and expansion in the years to come,” said Stefan Dziarski, Partner and Co-Head of Permira Growth Opportunities.
Gadi Mazor, CEO of BioCatch, added: “After building a strong partnership with Permira over the last year, we are delighted to welcome them as majority shareholders. The firm’s impressive experience within technology and cybersecurity, combined with their scale, global network, and our close working relationship, has been invaluable since their initial investment. We’re excited to take BioCatch to the next level together. I’d also like to thank Matthew Kinsella from Maverick Ventures and Dewey Awad from Bain Capital for their support over the last four years, which has been key in helping us establish our leadership position in the market.”
“We have had the privilege of partnering with BioCatch over the past four years and worked closely with Gadi and the BioCatch team to develop a long-term strategy to realize the business’s growth potential,” said Dewey Awad, a Partner at Bain Capital. “Together, we drove several key initiatives aimed at augmenting BioCatch’s go-to-market strategy, team, and operations, all with the goal of protecting end-users and their most sensitive transactions. We believe the company is well-positioned to continue its growth journey under Gadi’s leadership and with Permira’s support.”
“At Permira, we are looking to back product-led businesses operating in structurally growing end markets and that have management teams with the ambition to scale and grow their business. We found all of that in BioCatch and were grateful to have the opportunity to make an initial investment in 2023. After a successful first year, we are delighted to take a majority stake in the business as it continues to grow at scale. With the full extent of Permira’s resources and experience at its disposal, we’re excited for what’s to come at BioCatch,” commented Ran Maidan, Senior Adviser and Head of Permira in Israel.
About Permira
Permira is a global investment firm that backs successful businesses with growth ambitions. Founded in 1985, the firm advises funds with total committed capital of approximately €80bn and makes long-term majority and minority investments across two core asset classes, private equity and credit.
The Permira funds have an extensive track record in technology investing, having invested in 50+ companies across SaaS, cybersecurity, digital commerce, fintech and online marketplaces. Permira invested in BioCatch via its Growth Opportunities Fund; its strategy is to back disruptive technology and tech-enabled companies as they scale to the next level. The Permira funds have previously supported and helped scale some of the largest and fastest-growing technology businesses globally, including Genesys, TeamViewer, Zendesk, McAfee, Mimecast, Carta, G2, Sysdig, SonarSource, Mirakl, and others. Permira closed its second Growth Opportunities Fund in December 2021 at $4 billion.
The Permira private equity funds have made approximately 300 private equity investments in four key sectors: Technology, Consumer, Healthcare and Services. Permira employs over 500 people in 15 offices across Europe, the United States and Asia. For more information, visit www.permira.com or follow us on LinkedIn.
About BioCatch
BioCatch stands at the forefront of digital fraud detection, pioneering behavioral biometric intelligence grounded in advanced cognitive science and machine learning. BioCatch analyzes thousands of user interactions to support a digital banking environment where identity, trust, and ease coexist. Today, more than 30 of the world’s largest 100 banks and more than 190 total financial institutions rely on BioCatch Connect™ to combat fraud, facilitate digital transformation, and grow customer relationships.
BioCatch’s Client Innovation Board, an industry-led initiative featuring American Express, Barclays, Citi Ventures, HSBC, and National Australia Bank, collaborates to pioneer creative and innovative ways to leverage customer relationships for fraud prevention. With more than a decade of data analysis, 90 registered patents, and unmatched expertise, BioCatch continues to lead innovation to address future challenges. For more information, visit www.biocatch.com.
Media Contacts
For BioCatch
Mac KingSr. Manager, Corporate Communications, [email protected]+1-206-200-8596
For Permira
James [email protected] +44 774 7006407
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