Akin advised Vista Credit Partners (VCP), the credit lending arm of Vista Equity Partners, in a $75 million Series C preferred equity investment in iSchemaView, Inc. d/b/a RapidAI.
RapidAI is a global leader in developing artificial intelligence and technology workflow solutions to combat life-threatening neurovascular, cardiac and vascular diseases. VCP’s funding aims to drive platform innovation to support more disease states and go-to-market functions to accelerate growth in new regions and product verticals.
The Akin team was led by special situations, private credit & structured equity partner Ryan Cox and included partner Jon Boben and associates Josh Morry and Alexandra Babin.
More details on the transaction can be found here.