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Cardinality.ai Announces Investment from Attain Capital Partners to Accelerate Growth and Impact

Cardinality.ai, a data technology group helping government agencies achieve better outcomes through artificial intelligence (AI) solutions, announced the closing of its first external investment round, led by Attain Capital Partners. In connection with the transaction, Thiag Loganathan has been named CEO and President. With this strategic move, Cardinality steps closer to achieving its vision of impacting one billion people globally by 2024. Named a GovTech100 company by Government Technology magazine three consecutive years, the company serves 10M+ US constituents by providing ready-built software as a service (SaaS) solutions for state and local government agencies.

Greg Baroni, Founder and Managing Partner of Attain Capital Partners, has joined the Cardinality Board of Directors as an investor and strategic advisor. Attain Capital Partners is a private equity firm which invests in growth-stage companies with cutting-edge, technology-enabled solutions. Baroni, himself a tech entrepreneur who helped to launch a distributed learning group that is now Blackboard, has led a diverse portfolio of successful businesses throughout his career, including KPMG Consulting, Unisys, and more recently, Attain, LLC, selling the company’s federal business division in 2021. He also is the Founder and Chief Executive Officer of Attain Partners.

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“I am excited to join the Cardinality Board of Directors and contribute to their important work of achieving social impact at scale,” shared Baroni. “Cardinality has created significant market momentum, leveraging AI to accelerate improved outcomes for workforce and social services programs, and I look forward to being part of the next phase of their corporate journey,” he said.

Thiag Loganathan, Cardinality’s Co-Founder and a serial entrepreneur, will serve as the company’s CEO and President. He previously co-founded a marketing AI SaaS company, which is part of the Detroit-based Rock Family of Companies. This is a personal milestone for Loganathan, who shared, “I’m very thankful for this opportunity to lead a talented team, driven to make a positive social impact, while having a mentor like Greg Baroni who has been there and done it. I very much look forward to making it easier and faster for U.S. government workers to serve their constituents.”

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Loganathan brings deep expertise in data/AI solutions and data-driven frameworks. Earlier in his career, he led DMI’s Big Data Insights Division. He also founded Kalvin Consulting, a data analytics solution provider and SAP Partner, in 2007. The company was acquired by DMI in May 2013.

Ganesh Venkatramani and Vijay Krishna, Co-Founders, announced, “We are excited to usher in the next phase for the company, leveraging innovation and technology to challenge the status quo and bring rapid, modular modernization to government programs.”

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[To share your insights with us, please write to sghosh@martechseries.com]

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