Cohen’s Point72 Ventures announces eight-figure investments
https://www.stamfordadvocate.com/business/article/Cohen-s-Point72-Ventures-announces-eight-figure-13844556.php
STAMFORD — Point72 Ventures, billionaire hedge fund investor Steven Cohen’s venture capital business, announced Tuesday it was spearheading investments totaling nearly $60 million in electronics-manufacturing and financial-technology firms.
Ventures is leading a $45 million “Series C” funding round in San Francisco-based Tempo Automation, which specializes in assembling printed circuit boards, using artificial intelligence-based robotics and software automation, for clients that include NASA, Lockheed Martin and GE Healthcare. At the same, Ventures is jointly leading $13 million in “Series B” financing for Minneapolis-based ClickSwitch, which automates changes in direct deposits and recurring payments for financial institutions’ account holders.