August 9, 2023
Inveniam AI Division Launched to Further Evolve Digital Data Solutions for Private Market Assets
Inveniam Capital Partners Inc. (“Inveniam”), and their operating system for data, Inveniam.io, is laying the foundation for private market assets to trade globally. The need for transparency in private markets is evident. Decentralized data and digital trading of alternatives are peeking around the corner. To speed up this process, Inveniam has established the Inveniam AI division to give increased focus to developing artificial intelligence data interpretation tools and make it easier for clients to standardize their data structures.
The ability to instrument your data to inform a digital instrument in real-time, such as a risk book, or a portfolio manager's system, is what Inveniam.io provides. It is an operating system for data in a distributed data reality. Inveniam has been a high-functioning consumer and interface with AI tools for over two years on the extraction of structured data from unstructured documents like appraisals and financial statements, this has been designed as an incremental solution for private market administrators and GPs. Inveniam enhances the resulting structured data as it is credentialed, linked to the source, and placed back into the Federated Data Room alongside the source document. Today we have established the Inveniam AI division to give increased focus to developing artificial intelligence data interpretation tools and make it easier for clients to standardize their data structures.
"The need for a centralized database to crunch data is a friction point Inveniam obviates. In 5 years, a GP setting the mark for their own book will be like a 40-act fund clearing and settling their own trades. Bernie Madoff killed that concept for 40-act funds, and the concept of GP not having a 3rd party mark on their assets is similarly ridiculous.”
“The proprietary technology behind our platform utilizes Distributed ledger technologies (blockchain) to commute trust, and this proof of origin has a natural synergy with artificial intelligence. Having a transparent trail of where data came from only enhances the potential for AI to deliver actionable commercial value. Inveniam plus AI makes both Inveniam and AI more valuable, which is why we are pleased to announce the establishment of our new Artificial Intelligence division,” explains O’Meara, Chief Executive Officer of Inveniam.
Albert Maloof Berdellans III has been named the inaugural Managing Director of Inveniam AI. Berdellans most recently led the public efforts of Mana Common, Miami's largest private landowner, to establish Miami as an international technology hub. Under his leadership, Mana rode a post-pandemic boom wave to an increase of nearly $2 billion in portfolio value.
"I'm very grateful for the opportunity to lead this exciting new initiative," Berdellans said. "Miami is a newly minted hub for artificial intelligence, sitting at the intersection of global commerce and international technical talent. It's the perfect place to write this chapter in Inveniam's journey to revolutionize the way the world interacts with data as the work moves to a decentralized data environment."
Inveniam AI will launch an invite-only alpha release of its first software tools in Q3 2023, followed by a full public rollout of its beta release.