Cases & Deals

Citi Ventures makes strategic investment in Ayasdi

Clients Citi Ventures Inc.

Jones Day advised Citi Ventures Inc., a unit of global financial services company Citigroup Inc., in its strategic investment in the Series B Preferred Stock financing of Ayasdi, Inc., a company focused on machine learning solutions to automate and operationalize insight discovery from complex datasets. The $30.6 million Series B round was led by Institutional Venture Partners, and also included participation from GE Ventures, Khosla Ventures, and Floodgate.