New Delhi, Jan. 30 -- Shashank Singh, the former India head of private equity firm Apax Partners, has picked up a "significant" equity stake in US-based Ascendion, an artificial intelligence-based software engineering services provider.
Singh, who left Apax in 2023 after working with the PE firm for almost 20 years, will be Ascendion's first external investor and newest board member, the technology company said in a statement.
He will focus on driving Ascendion's acceleration toward market leadership in AI-powered software engineering, the company said.
Published by HT Digital Content Services with permission from VC Circle.