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AlphaPai Raises US$50 Million in Series B Funding as Financial AI Moves into the Depths of Professional Work

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HONG KONG, Sept. 15, 2026 /PRNewswire/ — AlphaPai, an AI investment research assistant developed by the financial AI company Rabyte Technology for professional investors, today announced the completion of a Series B funding round of US$50 million. It is the company’s third consecutive round of financing in the past year.

The round brought together strategic investors from across the financial sector, including insurance capital, securities firms, mutual funds, industrial capital and leading investment institutions. Participants included China Insurance Investment, the national investment platform for China’s insurance industry, and GF Xinde Investment Management, the private equity arm of GF Securities. Qiming Venture Partners, Ambrum Capital, Next Capital, Trustar Capital and Eastern Bell Capital also participated, alongside existing shareholders. China Renaissance continued to serve as the exclusive financial advisor to the transaction.

AlphaPai will use the proceeds to increase R&D investment in models and products, expand its multi-asset client base, and deepen industry collaboration across the upstream and downstream supply chain, while deeply cultivating its home market and steadily advancing its overseas footprint.

Industrial Capital Extends the Boundaries of Financial Services

A company built natively on financial AI grows by continuously entering the actual workflows of different institutions and asset classes, refining products and delivering against demand on the ground. A broader and stronger shareholder base reaffirms AlphaPai’s long-term value contribution and strengthens its relationship with the financial industry, moving from partnership toward deeper co-creation.

The participation of China Insurance Investment provides a vital anchor for AlphaPai to establish a foothold in insurance research and asset allocation. Insurance funds span equities, fixed income, alternatives and other asset classes, and involve lengthy research chains, high professional thresholds and stringent compliance requirements. This partnership validates AlphaPai’s capabilities in insurance capital scenarios, while also unlocking its AI research capabilities across a broader multi-asset universe.

GF Xinde Investment Management, a wholly owned private equity subsidiary of GF Securities, maintains a long-term focus on empowering the financial sector with AI. According to public information, the Guanggu Investment Venture Capital Fund participating in this round was jointly established by GF Xinde Investment Management and several financial industry institutions. It focuses on companies across the advisory industry chain, including independent advisory teams, service providers and financial technology companies. The fund serves as an “industry incubator” for the clustered development of service providers across the advisory ecosystem.

New and existing shareholders across finance, technology, enterprise services and global expansion are pooling resources to enrich AlphaPai’s industry network and support its expansion into global financial services.

Setting Standards and Co-Building an Ecosystem for Financial AI

The continued backing of industrial capital is not incidental. It is earned through years of deep, sustained work in real financial scenarios, and it now stands on the scale of what AlphaPai has delivered.

AlphaPai, an AI investment research assistant, entered the market through high-frequency touchpoints such as meetings and information processing, then moved steadily into the core of professional work: investment research, analysis and institutional knowledge. Today it serves more than 120,000 professional users across over 8,000 financial institutions and asset managers, ranking among the global leaders in its category by website traffic.

In April 2026, AlphaPai launched PaiWork, the industry’s pioneering AI investment research workstation. It brings financial data, research tools, productivity software and knowledge bases into a single working environment, moving AI from isolated Q&A sessions into a complete investment research workflow. Since launch, AI interactions and token consumption on PaiWork have grown by tens of times, and institutional adoption has climbed steadily. A growing number of users now co-create research workflows and reuse skills, fostering an emerging user-generated content ecosystem.

In June 2026, AlphaPai introduced iRaB (Investment Research Agent Benchmark) into its ecosystem, an applied benchmark that tests how AI understands, analyzes and delivers professional results on real investment research tasks. The same period saw the launch of the ORE (Open Research Ecosystem) Investment Research Partner Program, partnering with more than 40 brokerage research institutes, data service providers and other industry players across data services, professional content and industry skills.

With PaiWork, iRaB and ORE now in the market, AlphaPai has taken financial AI beyond single-point tools and into a full ecosystem of workflows, professional standards and co-creation.

“In real-world production environments, AI resembles high-end manufacturing: a systematic engineering endeavor requiring long-term accumulation,” said Luodan Li, Founder and CEO of AlphaPai. “The competitiveness of future companies lies entirely beneath the surface. It comes from the compounding effect of many incremental 5% gains, which ultimately forms a systematic advantage that is difficult to replicate.” Over the past several years, AlphaPai’s sustained investment in users, data, evaluation and model capabilities has yielded results.

Rooted in China, Facing the World

AlphaPai grew out of China’s financial institutions, forged in real investment-research workflows and tempered by years of high-competition, high-density professional environments. That depth has given AlphaPai a systematic grasp of how professional financial work gets done: how institutional processes run, how products earn adoption. These capabilities, proven in a demanding home market, are the firmest foundation for going global.

“The value of financial AI is not confined to the financial industry itself,” said Li. “It is infrastructure with a multiplier effect: a connector between capital and the real economy. Gains in financial productivity ultimately flow into better resource allocation and industrial development.”

Rooted in China, facing the world. Backed by deeper technological accumulations and stronger user-and-industry synergy, AlphaPai is bringing financial AI to the core of global finance.

Note: Where an official English name is unavailable, the English translation of the relevant Chinese entity name is provided for identification purposes only.

About AlphaPai

AlphaPai is an AI-native research assistant built for professional investors and an early mover in bringing AI into investment meetings and core research workflows. At its center is PaiWork, an AI-powered research workstation launched in April 2026 that combines financial data, AI agents, research Skills and productivity tools in a unified workspace for complex research and institutional knowledge management.

AlphaPai helps institutional investors worldwide enhance research efficiency through AI agents, enabling professionals to focus more on investment insight, analysis and decision-making. To date, AlphaPai has served more than 120,000 professional users across over 8,000 financial institutions and asset managers.

 

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SOURCE AlphaPai

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H.I.G. Capital Signs Definitive Agreement to Sell General Datatech

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SAN FRANCISCO, Sept. 17, 2026 /PRNewswire/ — H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $75 billion of capital under management, is pleased to announce that one of its affiliates has signed a definitive agreement to sell its portfolio company, General Datatech (“GDT” or the “Company”), a leading global provider of IT solutions and services, to an affiliate of Softcat plc (LSE: SCT) (“Softcat”) for an enterprise value of $1.05 billion. The transaction is subject to customary closing conditions and is expected to close by the end of the first quarter of 2027.

Headquartered in Dallas, Texas, GDT is a leading global IT solutions provider delivering secure, enterprise-grade, AI-ready infrastructure and services to customers across a wide range of end markets. Founded in 1996, the Company takes a services and architecture led approach to delivering comprehensive solutions across its networking, hybrid cloud and data center, cybersecurity, and collaboration practices.

Since H.I.G.’s investment in GDT in 2021, the Company has undergone a significant transformation, strengthening its leadership team, refining its services and solutions capabilities, and establishing a global delivery platform by launching its Bangalore center of excellence. The Company also invested significantly in AI and cybersecurity capabilities, further positioning GDT as a differentiated technology partner to large and complex enterprise customers. During H.I.G.’s ownership, the Company has doubled EBITDA while expanding in high-growth sectors and increasing its mix of recurring gross profit.

Shawn O’Grady, Chair and Chief Executive Officer of GDT, commented, “H.I.G. has been an outstanding partner to GDT and has supported our team as we invested in our people, practices, and client and partner relationships. Together, we have diversified the business, brought tremendous value to our customers, and positioned GDT to capitalize on the significant opportunities created by continued enterprise IT modernization. We are proud of what we have accomplished and excited to begin our next chapter with Softcat.”

Aaron Tolson and Kevin Van Culin, Managing Directors at H.I.G., commented, “Shawn and the GDT management team have done a phenomenal job transforming the Company into a leading IT solutions provider. The strategic investments during our ownership into high-growth areas such as hybrid cloud, AI, and cybersecurity have driven exceptional growth. We look forward to following the team’s continued success.”

Guggenheim Securities, LLC and Moelis & Company LLC served as financial advisors, and Kirkland & Ellis LLP served as legal counsel to H.I.G. and GDT in connection with the transaction.

About General Datatech

GDT is a global IT solutions provider that delivers secure, enterprise-grade, AI-ready infrastructure and services to customers across a wide range of end markets. With a 30-year heritage and a people-first approach, GDT helps organizations modernize and scale their IT environments to support innovation, resilience, and growth. The Company provides services-led solutions across its networking, hybrid cloud and data center, cybersecurity, and collaboration practices. For more information, visit gdt.com.

About H.I.G. Capital

H.I.G. is a leading global alternative investment firm with $75 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, San Francisco, and Stamford in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, Dubai, and Hong Kong, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach:

H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.H.I.G.’s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets.H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.

*Based on total capital raised by H.I.G. Capital and its affiliates.

Contact:
Aaron Tolson
Managing Director
atolson@hig.com

Kevin Van Culin
Managing Director
kvanculin@hig.com

H.I.G. Capital
One Sansome Street
37th Floor
San Francisco, CA 94104
P: 415.439.5500
hig.com

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SOURCE H.I.G. Capital

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Accely Appoints Murali Kurra as Chief Revenue Officer for the Middle East

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DUBAI, UAE, Sept. 17, 2026 /PRNewswire/ — Accely, a global SAP Gold Partner and enterprise transformation company, has appointed Murali Kurra as Chief Revenue Officer for the Middle East. He will lead sales across the region and own Accely’s revenue strategy, covering existing account growth, renewals and new market entry.

Murali has spent more than twenty years in enterprise applications and the SAP ecosystem, in senior sales and leadership roles at IBM, DXC Technology, Fujitsu, Bristlecone, Zensar Technologies and Edraky. He has led large, complex pursuits and built long-running customer relationships in life sciences, manufacturing, retail and distribution, construction and real estate, and public sector.

His appointment comes as organisations across the Gulf modernizing through AI-led digital transformation against fixed timelines set by national transformation agendas and regulatory mandates. Those programmes leave little room for partners who disappear after signature.

“Murali has sat across the table from enterprise buyers for two decades, and he knows what separates the deals that deliver from the ones that stall,” said Nilesh Shah, CEO, Accely Group. “The Middle East is a priority growth region for us and it needs that judgement in the sales leadership seat.”

“Customers in this region are not short of technology options. What they want is a partner who stays through the hard part of a programme, not just the sale,” said Murali Kurra, Chief Revenue Officer, Middle East, Accely. “Accely has the delivery depth to make that a credible promise. That is what I intend to build the regional business on.”

That depth includes Eerly, Accely’s own AI-driven product suite, and its Eerly Studio platform across Consultant, Insights, and Engagement.

Murali will work with Accely’s global leadership and regional delivery teams across SAP S/4HANA, SAP Business Technology Platform, SAP SuccessFactors, SAP Customer Experience, analytics, artificial intelligence, automation and SAP application services. The Middle East remains one of Accely’s core markets, served by regional teams with local delivery capability.

About Accely

Accely is a global SAP Gold Partner and CMMI Level 5 firm delivering autonomous enterprise transformation services. With 26+ years of expertise across 20+ offices in 17 countries, Accely delivers tailored SAP solutions spanning ERP, CRM, HXM, Analytics, BTP and AI. Named an ‘SAP Game Changer’, Accely supports sustainable growth through innovation and operational excellence.

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BAE Systems OneArc integrates commercial embedded training on Army combat vehicles during Force Development Innovation & Assessment (FDIA)

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Embedded system allows soldiers to train on the same system they operate, at the point of need

ORLANDO, Fla., Sept. 17, 2026 /PRNewswire/ — BAE Systems (LON: BA) OneArc (OneArc™) has been awarded an Other Transaction Agreement contract by the U.S. Army to integrate its Embedded Collective Training (ECT) solution on a platoon of combat vehicles at Fort Hood, Texas, as part of the Army’s Force Development Innovation & Assessment (FDIA). The integration marks the first commercially available embedded trainer installed in a U.S. Army combat vehicle.

“Crews need the ability to train wherever the mission requires, without being tied to fixed simulator facilities,” said Sergeant First Class Patrick Muir, 1st Cavalry Division Standardization Master Gunner. “The ECT supports Army FDIA by providing a single, adaptable system that enables precision and collective training across geographically dispersed locations using organic platform controls and procedures. This gives commanders greater flexibility to build and sustain readiness while reducing the costs and infrastructure requirements traditionally associated with dedicated facilities.”

Throughout the FDIA event, U.S. Army crews will train on the full range of precision gunnery progression tasks in support of platform qualification. The initiative covers weapon systems, crew-level qualification and validation of embedded training on a fielded combat platform.

The deployment comes as the Army works to close a persistent gap between the introduction of new capability and combat readiness. Historically, embedded training has arrived years after a platform enters service, if delivered at all, forcing units to rely on live-fire ranges or standalone simulators that are costly, difficult to schedule and disconnected from the vehicle crew stations.

“By integrating a commercial embedded trainer directly on a combat platform already in the fight, the Army gains a repeatable model for pairing new equipment with training capability from day one, rather than treating training as a follow-on program years down the road,” said Rahul Thakkar, President, BAE Systems OneArc. “For a force under pressure to modernize on compressed timelines, the shift, from training as only a pre-deployment activity to training as a built-in capability, is central to what FDIA is designed to prove out.”

The ECT kits are designed to scale beyond individual crew training, supporting platoon-level collective training and distributed tactical maneuver in later phases. The approach also extends to other ground platforms, both crewed and uncrewed, giving the Army a common path to embedded training across the OneArc ecosystem of capabilities and partners.

The solution was designed to support the Army’s commercial-first approach to training capability, reducing the development phase that often slows deployment of new technologies and compressing the timeline from acquisition to training into months, not years.

For more information, please contact:

Amy Nwamkpa, BAE Systems
Mobile: 703-268-9621
amy.nwamkpa@baesystems.us 

www.baesystems.com/US
@BAESystemsInc

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SOURCE BAE Systems, Inc.

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