River Capital Group Holdings demonstrated its ongoing commitment to the culture of innovation surrounding the information technology community with today’s launch of RCG Ventures. This new venture arm was expressly created to empower small and mid-sized businesses with an array of support for an even broader assortment of technologies and applications including Augmented Reality (AR), the Internet of Things (IoT), Artificial Intelligence (AI), blockchain, big data, workforce management, and analytics.
Specifically, RCG Ventures will utilize an active investment strategy by provisioning partners with capital, infrastructure, management resources, and access to its network of professional services. Moreover, it also furnishes its partners (including entities such as HCM Staffing, Pathways Personnel, Proviniti, Flex Employment Services, and NSS) access to the guidance of its leadership team, which is headed up by Managing Partner Jeff Kaplan, a noted entrepreneur, CEO, and investor in his own right.
“For partners, our expansive network will open doors that accelerate business development on an unprecedented scale,” predicted Mario Monello, River Capital Group Holdings Chairman of the Board.
The formation of RCG Ventures speaks volumes about the state of the contemporary business landscape and the vital role information technology plays in it. Aside from certain data analytics and workforce management capabilities, applications of AI, Extended Reality (XR), the IoT, and blockchain represent some of the most cutting edge developments impacting the current data landscape.
For example, a number of blockchain deployments are reinforcing the collaborative capabilities for cloud computing. Organizations are just beginning to consistently leverage AI’s knowledge base with its traditional machine learning, statistical foundation for composite AI, while edge computing applications in the Internet of Things are directly responsible for contactless shopping and remote security measures in a number of settings.
Additionally, augmented reality is impacting any number of verticals from retail to education, real estate, and healthcare, in which it’s projected to top $4 billion in 2025 with a 30.8% CAGR. RCG Ventures’ founding and interest in these technologies is extremely timely, particularly due to the wide range of assistance it delivers to startups, small businesses, and midsized companies.
“Our vision is to make opportunistic investments in early-stage companies to which we can add significant value beyond investment capital,” Monello explained.
All for One
The second most notable technological aspect about the emergence of RCG Ventures is the trend in which the diverse applications and technologies it’s investing in are actually converging together for singular use cases. The many facets of XR can provide a means of cognitive visualizations for big data, analytics, and AI models. The AIoT is the regular usage of AI to buttress IoT deployments, many of which make edge computing possible, if not meaningful, to the enterprise.
There are no limits to the combinations of these varying technologies and applications organizations can utilize—especially with properly supported startups cultivating their synthesis. These considerations and others directly contributed to the fact that, “We’ve assembled an elite, high-growth team of technology, design, engineering, capital markets, sales, and marketing experts whose singular focus is on helping our partners succeed,” Kaplan commented.
The Proper Backing
The aegis of River Capital is inestimable in this endeavor for furthering the reach of avant-garde data-driven approaches to end users. The company is a family investment organization based in New York City that has currently made investments spanning from approximately $500,000 to $50 million.
Significantly, it provides such financial and professional support without forcing its partners to give up operational control of their ventures. Such autonomy is critical to succeeding in the IT landscape while spurring the pace of ingenuity for creating new solutions. As Kaplan observed, “We’ve only scratched the surface in terms of potential use-cases…AI, blockchain, and AR can deliver.”