Blackstone makes majority growth investment in network automation and AI platform NetBrain

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Alternative asset manager Blackstone (NYSE:BX) announced on Tuesday a majority growth investment in the network automation and AI platform NetBrain Technologies, valuing the latter at $750M.

Shares were +0.71% pre-market to $167.88.

The financial terms of the investment were not disclosed.

The investment is intended to enable NetBrain to accelerate innovation, expand its global footprint, and scale its AI-powered platform to meet the rising demand for intelligent network automation solutions.