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Home Market Research Business

Blackstone makes majority growth investment in network automation and AI platform NetBrain (BX:NYSE)

by TheAdviserMagazine
6 months ago
in Business
Reading Time: 2 mins read
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Blackstone makes majority growth investment in network automation and AI platform NetBrain (BX:NYSE)
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Roman Tiraspolsky/iStock Editorial via Getty Images

Alternative asset manager Blackstone (NYSE:BX) announced on Tuesday a majority growth investment in the network automation and AI platform NetBrain Technologies, valuing the latter at $750M.

Shares were +0.71% pre-market to $167.88.

The financial terms of the investment were not disclosed.

The investment is intended to enable NetBrain to accelerate innovation, expand its global footprint, and scale its AI-powered platform to meet the rising demand for intelligent network automation solutions.



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Tags: automationBlackstoneBXNYSEgrowthInvestmentmajorityNetBrainNetworkplatform
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