acquisition

BlackBerry sells Cylance for $160M, a fraction of the $1.4B it paid in 2018

Enterprise /

Arctic Wolf has acquired Cylance, BlackBerry’s beleaguered cybersecurity business, for $160 million — a significant write-down from the $1.4 billion BlackBerry paid to acquire the company in 2018. Under the terms of the deal, which is expected to close in BlackBerry’s fiscal Q4, BlackBerry will sell its Cylance assets to Arctic Wolf for $160 million […]

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Automattic acquires WPAI, a startup that creates AI solutions for WordPress

AI /

WordPress hosting company Automattic said Monday that it is acquiring WPAI, a startup that builds AI solutions for WordPress, at an undisclosed price. WPAI has some products such as CodeWP, a tool to use AI to create WP Plugins; AgentWP, an AI assistant for WordPress site builders; and WP Chat, which is an AI-powered chat

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OpenAI at one point considered acquiring AI chip startup Cerebras

Fundraising /

OpenAI was at one point considering acquiring Cerabras, an AI chipmaking company that’s in the process of going public, according to new legal filings. Elon Musk’s ongoing lawsuit against OpenAI has new exhibits that describe how OpenAI was contemplating snatching up Cerebras in or around 2017 — a year after Cerebras’ founding, and just a

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Anysphere acquires Supermaven to beef up Cursor

AI /

Anysphere, the company behind Cursor, has acquired AI coding assistant Supermaven for an undisclosed sum. Anysphere CEO Michael Truell announced the deal in a post on Cursor’s blog. Supermaven, he said, will enable Anysphere to launch a new version of its Tab AI model that’s “fast, context-aware, and highly intelligent,” especially at sequences of long code.

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Red Hat acquires AI optimization startup Neural Magic

Fundraising /

Red Hat, the IBM-owned open source software firm, is acquiring Neural Magic, a startup that optimizes AI algorithms to run on commodity processors. The transaction is subject to applicable regulatory reviews and other customary closing conditions. The terms weren’t disclosed. MIT research scientist Alex Matveev and professor Nir Shavit founded Somerville, Massachusetts-based Neural Magic in

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ElevenLabs has hired the team behind Omnivore, a reader app

Apps /

Generative AI company ElevenLabs has hired the team behind Omnivore, an open source read-it-later app. In a blog post, Omnivore co-founders Jackson Harper and Hongbu Wu said that joining ElevenLabs would give them “an even larger platform to create accessible and engaging experiences for serious readers.” “ElevenLabs is committed to the developer community and the

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Subscription management firm Zuora agrees to be acquired for $1.7B

Commerce /

Zuora, a company selling software to help businesses manage their subscription-based services, has agreed to be acquired by private equity firms GIC and Silver Lake for $1.7 billion. The all-cash deal is expected to close in Q1 2025, subject to approvals and customary closing conditions. It’ll take Zuora, which is currently publicly traded, private; Tien

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Amplitude buys Command AI to bolster its app engagement offerings

Apps /

Amplitude, a publicly-traded company that makes digital analytics software, has acquired Command AI, an app user engagement startup formerly known as CommandBar. Most of Command AI’s 30-person, San Francisco-based team will be joining Amplitude. Command AI’s co-founder and CEO James Evans wouldn’t reveal the terms of the deal, but said candidly that an acquisition wasn’t

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