Investment to Propel TAO’s Expansion in AI-driven Product Engineering and Data Services Globally
SANTA CLARA, Calif., October 23, 2024–(BUSINESS WIRE)–TAO Digital Solutions Inc. (“TAO” or the “Company”), a prominent provider of technology services designed to deliver measurable outcomes, has announced a significant growth investment from Vesper Company LLC (“Vesper”), a private investment firm focused on collaborating with founders and management teams to create sustainable businesses. This financial backing aims to expedite TAO’s growth both organically and through acquisitions worldwide. TAO excels in providing business solutions through its strengths in product engineering, data monetization, and artificial intelligence (AI)-enhanced services. Their offerings encompass product design, development, and deployment, with an emphasis on aiding clients in utilizing data and automation to achieve tangible results. The company’s customized AI solutions enable businesses to thrive in competitive landscapes, offering services that include payment processing and specialized platform development, as well as advanced managed services. With a workforce exceeding 3,000 employees across the globe, TAO caters to leading clients in various sectors, including automotive, technology, fintech, healthcare, eCommerce, and media. As TAO reaches a pivotal moment in its growth trajectory, the partnership with Vesper will allow the company to explore critical mergers and acquisitions, enhance its global footprint, and invest in its AI model library, thereby differentiating its product engineering and data service offerings. Vesper is set to contribute aligned, long-term capital alongside strategic and operational support through its skilled investment team and extensive network of industry advisors.
Rajkumar Velagapudi, CEO of TAO Digital Solutions, remarked: “Our primary goal at TAO has always been to create significant value for our clients by providing top-notch solutions that focus on product engineering, data monetization, and tailored AI models. Our commitment to ‘Transform, Automate, and Optimize’ drives our emphasis on measurable results, achieved through agile MVP launches, API development, and AI integration. This approach has enabled us to serve our clients effectively, enhancing business efficiency and fostering innovation across various sectors. With the support from Vesper, we plan to penetrate new markets, broaden our service offerings, and strategically utilize our strong M&A pipeline to further advance our growth.”
Story Continues
Shamit Grover, Co-Managing Partner of Vesper Company, expressed: “TAO has established a solid platform with data-focused solutions, innovative product development methodologies, and demonstrated expertise in AI, which consistently enables it to produce impactful results for its clients. We have invested significant time analyzing opportunities in the $1.4 trillion IT services market and were immediately drawn to TAO’s impressive track record and capable leadership. We believe that the Company’s unique competitive strengths, comprehensive global delivery capabilities, and established enterprise clientele position it for ongoing success as it takes advantage of the forthcoming global opportunities. We are thrilled to partner with Raj and the experienced team at TAO as we embark on this exciting new chapter in the Company’s growth journey.”
Financial details of the transaction remain undisclosed.
About TAO Digital Solutions
TAO Digital Solutions enables organizations to thrive in the digital age through innovative technology and AI-driven strategic solutions. Their extensive portfolio includes product engineering, data monetization, cybersecurity, cloud services, and payment solutions. Guided by the principles of Transformation, Automation, and Optimization, their team of over 3,000 experts identifies opportunities and delivers impactful solutions across various industries. With offices located globally, TAO collaborates with clients to enhance business performance through advanced automation and process improvement.
About Vesper Company
Vesper Company is a private investment firm that collaborates with founders and management teams to scale content, technology, and service-oriented businesses by providing aligned, long-term capital and hands-on support. Vesper specializes in making flexible equity investments in leading enterprises, utilizing its extensive experience in both investment and operational roles to assist its partner companies in achieving growth.
