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TechNexus Portfolio Venture AssemblyAI snags $28M for all-in-one API to transcribe, summarize and moderate audio

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By Madelyn Rutter at TechNexus Venture Collaborative

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TechNexus Venture Collaborative was founded in Chicago in 2007 by Terry Howerton, making it the longest-operating venture collaborative in the United States. The firm builds innovation ecosystems that connect Fortune 1000 corporations with ambitious early-stage companies through co-investment, operational support, and partnership infrastructure. TechNexus has invested in more than 150 portfolio companies across AI, clean technology, electrification, mobility, audio technology, outdoor recreation, and industrial technology, with portfolio companies raising over $4 billion in follow-on capital. The TechNexus ecosystem includes SecondWave (venture turnarounds), ForgeX (corporate innovation labs), Pulse Angel Network (accredited investor platform), TechNexus Connect (thought leadership), and TeamWorking (innovation-focused coworking). TechNexus is headquartered at 20 N. Wacker Drive in Chicago, Illinois.

TechNexus Ecosystem

SecondWave ForgeX Pulse Angel Network Connect TeamWorking

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