Home Business Andile Ngcaba’s Convergence Partners Investments Rebrands to Solcon Capital | Appoints New...

Andile Ngcaba’s Convergence Partners Investments Rebrands to Solcon Capital | Appoints New CEO

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Convergence Partners Investments, the deep tech investor started by Andile Ngcaba in 2003 has rebranded to Solcon Capital as the company launches a big push to empower global deep tech growth through platform economics.

Convergence Partners Investments (now Solcon Capital) 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.

According to Andile Ngcaba, Chairman of Solcon Capital: “Solcon Capital has 20-year history of innovation and disruption through investments in companies that have built undersea cables, long-haul fibre, big data, etc. In this new chapter, Solcon Capital will be known as one of the leading global deep tech investment companies.”

Solcon will focus on international deep tech investments in Generative AI & Large Language Models (LLM), Synthetic Data & Big Data, Cybersecurity, and Quantum Computing across South Africa, India, and Southeast Asia, leveraging scale through platform economics.

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. Pramod has extensive experience in managing and building deep tech companies from the ground up [YT1] 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.

“We are excited to bring onboard Pramod Venkatesh, with extensive experience in Silicon Valley and expertise in building deep tech companies. Pramod will execute Solcon Capital’s 2035 strategy. With Pramod at the helm, we will continue to disrupt deep tech and are excited to show what the future holds,” added Ngcaba.

Solcon is working on its flagship AI-based investment management platform, Solcon 360, to be unveiled at its 20th anniversary celebrations this October. This platform will enable investment companies to manage pipelines, VDR, and operations of their portfolios more effectively. With its own Large Scale Language Model (LLM), Solcon 360 will allow investment companies to capitalise on Generative AI and build custom models tailored to their investment needs.

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