Convergence Partners Investments, the deep tech investor started by Andile Ngcaba in 2003, has announced it has rebranded to Solcon Capital as it launches a big push to empower global deep tech growth through platform economics.
Established in 2003, the company now known as Solcon Capital is a global leader in deep tech investments, with a distinct focus on rapidly evolving technology sub-sectors. Solcon Capital’s mission is to amplify the impact of transformative technologies like artificial intelligence, space tech, and blockchain.
Under its new brand, Solcon will focus on international deep tech investments in generative AI and large language models (LLM), synthetic data and big data, cybersecurity, and quantum computing across South Africa, India, and Southeast Asia, leveraging scale through platform economics.
The firm is working on its flagship AI-based investment management platform, Solcon 360, to be unveiled at its 20th anniversary celebrations in October. This platform will enable investment companies to manage pipelines, VDR, and operations of their portfolios more effectively. With its own LLM, Solcon 360 will allow investment companies to capitalise on generative AI and build custom models tailored to their investment needs.
“Solcon Capital has a 20-year history of innovation and disruption through investments in companies that have built undersea cables, long-haul fibre, big data… In this new chapter, Solcon Capital will be known as one of the leading global deep tech investment companies. 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,” Ngcaba said.