Erie Street Growth Partners Commits $15 Million to Next Generation AI Consulting Leader, Quantum Rise
Strategic capital and next-level growth partnership to scale innovation in AI services for high growth organizations
CHICAGO (Monday, July 8, 2024)–Erie Street Growth Partners, a private investment firm that unlocks next-level growth for businesses in highly disrupted markets, announced a $15 million capital commitment to Quantum Rise, the AI and automation provider for high growth organizations. The investment will supercharge Quantum Rise’s growth, scaling operations to serve prominent clients including dunnhumby, the grocery industry’s premier AI driven retail analytics platform, with tailored data, AI, and automation solutions.
Disruptive Innovation in AI Services for High Growth Enterprises
Terry Graunke, Chairman and CEO of Erie Street Growth Partners, said, “AI is the most disruptive technology of our lifetime, and businesses need strategic partners to harness its potential. The Quantum Rise team uniquely understands how to apply data, automation and AI to augment human intelligence and drive growth.”
“AI is a super catalyst to achieve next-level growth” stated Alex Kelleher, founder CEO at Quantum Rise. “We’re not just guiding clients to integrate AI and automation; we’re redefining the legacy technology services model to deliver better outcomes and partnering with clients on their journey through AI transformation. Joining the Erie Street ecosystem provides us with unparalleled resources and partnerships to fuel our expansion.”
AI Solutions that Generate Real Results, Responsibly
Quantum Rise specializes in crafting AI roadmaps, deploying tailored AI solutions, and managing these systems long-term as products – to enhance efficiency, foster innovation, and ensure responsible and well governed deployment of AI. The company’s “Consulting 2.0” model ensures that clients receive the highest quality advice and benefit from Quantum Rise’s use of automation in its workflows, allowing for maximum realization of AI’s efficiencies and capabilities.
Matt O’Grady, President of dunnhumby Americas, said “High growth businesses like dunnhumby seek partners who understand the value of driving results with AI at the core. We are excited to have Alex, and the team at Quantum Rise, build disruptive new offerings, particularly in the booming retail media sector.”
Meeting the Surge in AI Demand
The announcement coincides with the surge in investment in AI platforms and an urgent need for businesses to integrate AI into their operations and unlock value with employees.
Kelleher noted, “Innovating with AI and automation is about enhancing business performance and accelerating growth by merging human and machine intelligence. Effective automation and change management are crucial to creating value, always keeping people at the core” added Kelleher. “We focus on making AI work for our clients, their businesses, and the world around them.”
About Erie Street Growth Partners
Erie Street Growth Partners is a private investment firm that partners with founders, management teams, and investors to achieve next-level growth. The company brings strategic capital and transformational guidance to business services organizations representing $2B+ of enterprise value in disrupted environments to maximize potential and deliver exceptional outcomes. Erie Street Growth Partners consists of a team of business builders who are kind, curious and courageous. Their backgrounds span executive leadership, finance, consulting and marketing, as well as entrepreneurship. Current partnerships span high-growth business services segments, including entertainment marketing and content production (Trailer Park Group), strategic communications (APCO Worldwide) and digital marketing (DEPT, formerly 3Q/DEPT). Learn more about Erie Street Growth Partners here: https://eriestreet.com
About Quantum Rise
Quantum Rise puts the power of artificial intelligence in your hands in ways that create positive change for you, your organization and the world around you. True partnership means focusing on the same, measurable outcomes—and getting things done. The world is moving fast, and, together with you, Quantum Rise will reimagine your business, team, and outcomes with AI. Learn more about Quantum Rise here: https://www.quantumrise.com