TPG Growth joined forces with Stephen Pratt and other technology executives to launch Noodle Analytics Inc (Noodle.ai), a company that uses artificial intelligence to help corporate clients. No financial terms of the deal were disclosed. Pratt was most recently global leader of Watson for IBM‘s Global Business Services unit. Noodle.ai will be based in San Francisco and Bangalore.
SAN FRANCISCO–(BUSINESS WIRE)–Executives previously from IBM Watson, GE Digital, Infosys, and MicroStrategy announced today that they have joined forces with TPG Growth to launch Noodle Analytics, Inc. (Noodle.ai), the Enterprise Artificial Intelligence™ company.
Enterprise AI™ represents a major step forward in merging human learning and machine learning, all fueled by big data. Noodle.ai’s Enterprise AI™ solutions combine world-class expertise in human-centered design, business process engineering, and artificial intelligence technologies. Today’s artificial intelligence technologies include machine learning, predictive data analytics, and data science.
“Over the next three to five years, artificial intelligence technologies and big data will be the most significant competitive differentiators in business. We are excited to be a pioneer in Enterprise Artificial Intelligence™, offering timely, valuable, and affordable solutions to clients. We have the right team, an optimized business model, and the right partners to create extraordinary value,” says Stephen Pratt, CEO of Noodle.ai.
Pratt most recently served as Global Leader of Watson for IBM Global Business Services. He is joined by Dr. Matt Denesuk, previously Chief Data Science Officer for GE Digital; Raj Joshi, previously Senior Executive Vice President of Professional Services at MicroStrategy; and Dr. Ted Gaubert, previously Chief Technology Officer of Infosys Consulting. The team brings deep experience in AI, big data, data science, machine learning, and data analytics across industries.
“TPG has been at the forefront of investing in transformative technology companies,” said Nehal Raj, Partner at TPG. “Our portfolio companies repeatedly have expressed their need for AI technology solutions that make a real impact on their operations, and we’re partnering with Noodle.ai to deliver just that. Steve and the leadership team bring an unmatched combination of talents in data science, AI, and business consulting to meet the needs of our portfolio companies and fill a valuable hole in the broader market.”
TPG Growth, the middle market growth equity platform of TPG, has partnered with groundbreaking companies such as Airbnb, Domo, Uber and Zscaler and recently led the incubation and launch of STX Entertainment.
The firm led the Series A investment in Noodle, along with Company founders. No further details of the agreement are being disclosed at this time.
Noodle.ai operates out of the San Francisco Bay Area and Bengaluru (Bangalore), India.
Noodle.ai, the Enterprise Artificial Intelligence™ company, provides professional services and technical solutions to the world’s most innovative companies. Noodle.ai’s solutions combine human learning and machine learning technologies to help clients improve customer interactions, improve decision making, and optimize business processes. Noodle.ai’s solutions span customer data analytics, product data analytics, and enterprise data analytics. Founded in 2016, Noodle.ai is led by executives previously with the top firms in data science, artificial intelligence, machine learning, and management consulting. Noodle.ai focuses on maximizing value for our clients’ customers and shareholders.
About TPG Growth
TPG Growth is the middle market and growth equity investment platform of TPG, the global private investment firm. With over $7 billion under management, TPG Growth targets investments in a broad range of industries and geographies. TPG Growth has the deep sector knowledge, operational resources and global experience to drive value creation and help companies reach their full potential. The firm is backed by the resources of TPG, which has approximately $70 billion of assets under management. TPG Growth’s current and past investments represent a mix of iconic and innovative companies across tech, retail and entertainment including Uber, Airbnb, e.l.f. Cosmetics, Angie’s Artisan Treats, Fender, SurveyMonkey, and Red Book Connect. TPG Growth has offices in the United States, China, India, Turkey, London and Singapore. For more information visit www.tpggrowth.com.