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Blackbird Plc Appoints Sumit Rai as Chief Executive Officer

PRIVATENov 09, 2026
Internal move“Sumit Rai has served as the Company's Chief Product Officer since 2022”

Position

Chief Executive Officer

Company

Blackbird plc

Sumit Rai
SaaS

Description

Blackbird plc announces the appointment of Sumit Rai as the new Chief Executive Officer, effective from November 6, 2026. Sumit Rai, who has been the Chief Product Officer, succeeds Ian McDonough, who will remain with the company as an employee and director.

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Company Information

Company

Blackbird plc

About

Blackbird plc is a technology licensor, developer, and seller of a market-leading cloud-native video editing platform. Their patented technology allows for frame-accurate navigation, playback, viewing, and editing in the cloud. They also offer elevate.io, an online collaborative content creation platform, built using Blackbird's core technology. The company operates in the fast-growing SaaS, Media and Entertainment, and content creation markets.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.