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Information Technology & Services North America

Reduct.Video raises $4M to simplify video editing

– Reduct.Video is a video editing platform.
– The company raised $4m in funding.
Greylock led the round and joined by South Park Commons, Figma CEO Dylan Field, Hopin Chief Business Officer Armando Mann, and former Twitter exec Elad Gil.
– The company was founded by CEO Prabhas Pokharel and CTO Robert Ochshorn.

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Information Technology & Services North America

Ashling Partners Announces Growth Capital Investment by Thomas H. Lee Partners

– Ashling Partners, LLC (“Ashling” or the “Company”), an award-winning service provider in the rapidly growing intelligent automation market and Thomas H. Lee Partners, L.P. (“THL”), a premier private equity firm investing in growth companies, today announced the closing of a growth capital investment by funds managed by THL, including THL Automation Fund L.P.
– Josh Bresler, THL Managing Director, and Kearney Shanahan, THL Director, will join the Ashling board of directors as part of the transaction.
– Ashling is an industry leader in building and scaling automation programs and centers of excellence for the Global 2000 as a strategic partner to the C-Suite. Ashling has built automation expertise within the Real Estate, Consumer Goods, Manufacturing & Distribution, Healthcare and Automotive industries.

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