Advent International announced a commitment to invest up to $1 billion in next-generation defense technology companies, with emphasis on AI and autonomous systems. As the initial investment, Advent co-led Shield AI's $1.5 billion Series G at a $12.7 billion valuation. Shield AI develops AI-powered autonomous systems for military air operations, with its Hivemind AI pilot software flying drones for the U.S. Air Force and Coast Guard. Managing Partner Shonnel Malani stated Advent will "support the next generation of defense technology companies at this critical moment." Since 2020, Advent has deployed over $15 billion in the defense sector including Cobham, Ultra Electronics, Vantor, and Attalon.
All receipts on Advent International
Advent International
Advent International cut 700-800 jobs (15% of workforce) at portfolio company Sapiens within weeks of completing its $2.5 billion acquisition in late 2024. The layoffs, scheduled for January 2026, hit India and the US hardest (10% reduction each), while Israel saw a 5% cut. Advent's "100-day plan" approach typically involves workforce reductions of about 10%, consolidation of departments, and shifting operations to lower-cost countries. CEO Roni Al-Dor was ousted and headquarters relocated from Israel to London.
Share this receipt
Posts with the receipt card attached.
Post this receiptDownload card
Advent International — Layoffs: OPPOSED Advent International cut 700-800 jobs (15% of workforce) at portfolio company Sapiens within weeks of completing its $2.5 billion acquisition in late 2024. The layoffs, schedule… https://reciepts.tech/stance/1531
More on Advent International
See all →Following Advent's $2.5 billion acquisition of Israeli software company Sapiens in late 2024, the firm cut approximately 700-800 jobs (15% of the 5,400-person workforce) in January 2026. Advent replaced the entire senior management team, relocated headquarters from Israel to London, and implemented a strategic shift to eliminate unprofitable service activities. Layoffs hit India and the US hardest (about 10%), while Israel saw a smaller 5% reduction. Advent stated laid-off employees would receive severance "above market standards."