Investment Banking Practice Aimed at Robotics, Automation, AI Launched
SEATTLE – Cascadia Capital said it is launching one of the nation’s first emerging growth investment banking practice groups dedicated to Robotics, Automation, and Artificial Intelligence (RAAI).
Cascadia said its new RAAI group is well-positioned to provide the nuanced M&A and capital raising guidance business owners and entrepreneurs in this sector need as RAAI technology continues to upend critical industries, resulting in permanent market shifts.
The RAAI group is built on the firm’s history of advising companies in the RAAI space through its long-standing Industrials, Energy & Applied Technology, Healthcare, Consumer, and Food & Ag practice groups.
The practice is led by Cascadia Chairman & CEO Michael Butler and Managing Directors Jamie Boyd and Firdaus Pohowalla, with support from Vice Presidents Yee Lee and Jason Lippenberger, Associate Tarek Elmasry, and Analysts Scott Whiting and Mikaela Slade.
“We have been active in the RAAI space for several years with growing excitement and felt that the time was right to formally pull together the firm’s expertise in a way that maximizes the service we deliver to our clients,” Butler said.
“Our bankers have established a deep understanding of the underlying technologies and end markets while simultaneously developing unparalleled relationships with strategic buyers and investors.”
The firm’s most recent RAAI clients include Lucidyne Technologies, Inc., a world-leading manufacturer of AI-enabled computer vision systems; Vexcel Imaging, a leader in digital mapping and drones; and Qi2, a developer of advanced robotic sensor systems for the oilfield. In addition, Cascadia has active engagements with several other current clients in the sector.
The core areas of focus under the RAAI banner include Robotics, Mobility Tech, Manufacturing Automation, Artificial Intelligence/Machine Learning, Computer Vision, Data Management, and Analytics, Augmented Reality/Virtual Reality, and Internet of Things.