Recognize secured $1.3 billion fund to back tech services startups

Recognize, a technology investment platform has now secured around $1.3 billion for its inaugural fund.

The platform, which is highly focused on investing in the tech services industry, was co-founded by the Francisco D’Souza, former CEO and Co-founder of tech services firm Cognizant; Charles Phillips, former Chairman and CEO of enterprise SaaS company Infor and former President of software company Oracle; former President of Cognizant, Raj Mehta; and David Wasserman, former Partner at private equity firm Clayton, Dubilier and Rice.

The investment platform has already invested in three tech companies. These are Ciklum, a cloud-native and digital engineering firm with a delivery network across Eastern Europe; SpringML, one of the largest pure-play services organized focused on data, Google Cloud and AI/ML solutions; and Torc, a virtual talent platform for software engineers.

With the help of this platform, founders and entrepreneurs gain access to some of the exclusive talent networks, intellectual property, corporate relationships, as well as an operating handbook of best practices to help companies scale, operate, and innovate more effectively and efficiently.

Executive Opinion

“We have assembled a distinguished group of operators and investors, who are committed to empowering the next generation of industry champions,” said Co-founder David Wasserman. “We look forward to partnering with companies and talented management teams to shape this sector.”

“Recognize strives to be a first-of-its-kind platform, linking inspired technology entrepreneurs and founders who have unconventional ideas with strategic capital, operational expertise, and industry insights,” the company said in a press release.

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Recognize secured $1.3 billion fund to back tech services startups

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