Deeptech investor Convergence Partners Investments rebrands to Solcon Capital

Deep tech investor Convergence Partners Investments has rebrandes as Solcon Capital.

The move comes as the company launches a big push to empower global deep tech growth through platform economics.

Convergence Partners Investments was the first vehicle structured as a permanent capital vehicle in the Convergence Partners stable. Andile Ngcaba remains firmly invested in and continues to drive the growth at Convergence Partners, which will continue to focus on private equity through its current and future digital infrastructure funds.

Under its new brand, Solcon Capital will focus on international deep-tech investments, with a particular emphasis on Generative AI & Large Language Models (LLM), Synthetic Data & Big Data, Cybersecurity, and Quantum Computing across South Africa, India, and Southeast Asia.

Solcon Capital is working on its flagship AI-based investment management platform, Solcon 360 to be unveiled during the company’s 20th anniversary celebrations in October.

This platform will enable investment companies to manage pipelines, VDR, and operations of their portfolios more effectively.

With its own LLM, Solcon 360 will allow investment companies to capitalise on Generative AI and build custom models tailored to their investment needs.

As part of the rebranding, Solcon also announced the appointment of Pramod Venkatesh as CEO starting 1 August 2023. He will spearhead the global growth of the company.

Venkatesh has extensive experience in managing and building deep-tech companies ground up garnered from Silicon Valley. Prior to joining Solcon Capital, Pramod was the Group CTO of inq. where he was responsible for building products & solutions around AI, SDN & Edge Computing.