NEW YORK, July 08, 2019 (GLOBE NEWSWIRE) -- Cowen Inc. (COWN) (“Cowen” or the “Company”) and MassRobotics today announced a collaboration to bring together their extensive market knowledge to advance research into the emerging robotics and artificial intelligence industry. Based in the Boston area, MassRobotics is a global hub for robotics, and the collective work of a group of engineers, rocket scientists, and entrepreneurs focused on the needs of the robotics community.
“The robotics and artificial intelligence industry is a rapidly expanding market, and one that will define the advancement of manufacturing and services on a global basis. We are thrilled to be partnering with such an innovative collective in MassRobotics, which was established through a shared vision of advancing the robotics industry,” said Jeffrey M. Solomon, Chief Executive Officer of Cowen. “Cowen has dedicated substantial time into the research of robotics and AI and we look forward to sharing our knowledge and capital markets expertise to support the emerging growth companies associated with MassRobotics.”
Fady Saad, Co-founder and Director of Partnerships of MassRobotics, added, “Cowen has a proven track record of delivering in-depth research across sectors, which allows them to understand the dynamic flow of the markets and provide capital to support emerging companies. Collectively we bring together the best of market research and industry knowledge in an effort to advance robotics and provide companies with opportunities for growth.”
About Cowen Inc.
Cowen Inc. (“Cowen” or the “Company”) is a diversified financial services firm that operates through two business segments: a broker dealer and an investment management division. The Company’s broker dealer division offers investment banking services, equity and credit research, sales and trading, prime brokerage, global clearing and commission management services. Cowen’s investment management segment offers actively managed alternative investment products. Cowen Inc. focuses on delivering value-added capabilities to our clients in order to help them outperform. Founded in 1918, the firm is headquartered in New York and has offices worldwide. Learn more at Cowen.com
MassRobotics is the collective work of a group of Boston-area engineers, rocket scientists, and entrepreneurs. With a shared vision to create an innovation hub and startup cluster focused on the needs of the robotics community, MassRobotics was born. MassRobotics’ mission is to help create and scale the next generation of successful robotics and connected device companies by providing entrepreneurs and innovative robotics/automation startups with the workspace and resources they need to develop, prototype, test, and commercialize their products and solutions.
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