phData Welcomes Strategic Growth Investment from Gryphon Investors
Deal News | Dec 16, 2024 | Arthur Ventures LLC
Gryphon Investors, a private equity firm specializing in middle-market companies, has made a majority growth investment in phData, a data engineering company known for its expertise in AI and data applications. The investment is part of Gryphon's focus on Technology Solutions & Services, following previous investments in 3Cloud, Caylent, and NewRocket. The partnership aims to leverage phData's strong market position in data and AI services, which has been built through robust customer relationships and a highly skilled workforce. phData, which has partnerships with Snowflake and AWS, will retain its executive team, including CEO Ryan Bosshart, who sees the investment as an opportunity to accelerate growth and innovation.
Sectors
- Private Equity
- Technology Solutions & Services
- Artificial Intelligence
Geography
- United States – Gryphon Investors is based in San Francisco, and phData is based in Minneapolis, MN.
Industry
- Private Equity – Gryphon Investors is a PE firm making a majority growth investment in phData.
- Technology Solutions & Services – phData specializes in data engineering, AI applications, and tech services which align with Gryphon's investment sectors.
- Artificial Intelligence – phData is positioned within the AI sector, providing services in AI & machine learning.
Financials
- $50 million to $500 million – Range of equity investments targeted by Gryphon's Flagship and Heritage strategies.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| phData | Target Company | Company | A leading data engineering firm providing AI and data solutions. |
| Gryphon Investors | Bidding Company/Investor | Company | A private equity firm focused on middle-market investments, based in San Francisco. |
| Ryan Bosshart | CEO of phData | Person | Leadership staying in position to guide phData's growth. |
| Gabe Stephenson | Partner and Head of Technology Solutions & Services Group at Gryphon | Person | Involved in negotiating the investment with phData. |