Phrasee Sells Majority Stake to Private Equity Fund

There’s no need to worry about robots destroying the world when humans are doing it without any help.  So I’m less intrigued than I once was about Phrasee, which uses AI to create and optimize marketing email, SMS, Web and social media messages. But it’s still worth noting that they just sold a majority stake to capital D, a private equity fund manager based in London.  Expect more private equity deals now that the public markets have pulled back from all-time highs.