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Tsunami Secures Majority Investment From Point72 Hyperscale

May 09, 2022•about 3 years ago
Menlo Park

Description

Point72 Hyperscale, the private equity strategy that uses applied artificial intelligence to build and modernize market-leading companies, today announced it has acquired a majority stake in Tsunami, a car wash business specializing in express services with sites in the Midwest United States. The partnership with Point72 Hyperscale will enable Tsunami to expand its geographic presence and leverage data and modern analytics to enhance pricing models, marketing and customer retention rates.

Company Information

Company

Tsunami

Location

Menlo Park, California, United States

About

Water is filtered and recycled on-site to reduce waste, and the company only uses products that are biodegradable and avoids harsh chemicals that can harm vehicles and the environment.About Point72 HyperscalePoint72 Hyperscale is a private equity strategy that uses applied artificial intelligence to drive transformational change in an effort to create value and build market-leading companies. The partnership with Point72 Hyperscale will enable Tsunami to expand its geographic presence and leverage data and modern analytics to enhance pricing models, marketing and customer retention rates. In addition to using state-of-the-art equipment and high-quality products designed to give their customers a thorough and safe wash experience, Tsunami is also committed to conserving natural resources.