Typeface, a generative AI startup focused on enterprise use cases, has acquired a pair of companies just over a year after raising $100 million at a $1 billion valuation. Typeface revealed on Monday that it’s purchased Treat, a company using AI to create personalized photo products, and Narrato, an AI-powered content creation and management platform. […]
Progress, a Bedford, Massachusetts-based software firm, on Monday announced that it intends to acquire file management platform ShareFile for $875 million in cash and credit. Progress CEO Yogesh Gupta said that the deal, which is expected to close by November 30, will bolster Progress’ portfolio with tools to help businesses more efficiently share — and
Progress acquires file management platform ShareFile for $875M Read More »
Salesforce has acquired Own Company, a provider of data management and protection solutions, for $1.9 billion in cash. In a press release, Salesforce GM Steve Fisher said in a statement that Own “underscores [Salesforce’s] commitment to providing secure, end-to-end solutions that protect our customers’ most valuable data.” “Data security has never been more critical, and
Salesforce acquires data management firm Own for $1.9B in cash Read More »
Atlassian on Thursday announced that it has acquired Rewatch, an AI-powered meeting notetaker, screen recording tool and video hub. The company plans to integrate Rewatch into Loom, the asynchronous video messaging platform it acquired for $975 million last October. But maybe even more importantly, it also plans to integrate it into its recently launched Rovo
Atlassian acquires Rewatch as it gets into AI meeting bots Read More »
While the best startups are doing well, even in this tough venture capital market, others are struggling to raise new funding. If they can’t raise and haven’t become self-sustaining businesses, their best bet is to get acquired, even if it’s for a fraction of their last valuation. The alternative would be to run out of
Hadrian founder and CEO Chris Power got tired of turning startups away. Since 2020, Power has raised $220 million for Hadrian, a largely autonomous factory that mass produces parts for space and defense companies. While Hadrian has produced parts for major defense companies, it had to turn away some defense tech startups because startups have
Canva has acquired Leonardo.ai, a generative AI content and research startup, as the company looks to deepen its investments in its AI tech stack. The financial terms of the deal weren’t disclosed, but Canva co-founder and chief product officer Cameron Adams said it’s a mix of cash and stock. All of Leonardo.ai’s 120 employees will
Canva acquires Leonardo.ai to boost its generative AI efforts Read More »
Adept, a startup developing AI-powered “agents” to complete various software-based tasks, has agreed to license its tech to Amazon as the startup’s co-founders and portions of its team join the ecommerce giant. Geekwire’s Taylor Soper first reported the news. According to Soper, Adept co-founder and CEO David Luan will join Amazon, along with Adept co-founders
Amazon hires founders away from AI startup Adept Read More »
OpenAI is on an M&A tear. Days after acquiring database tech firm Rockset, OpenAI has purchased Multi (previously Remotion), a startup developing a enterprise-focused, video-first collaboration platform. A source familiar with the matter says that the deal is technically an acquihire and that most of Multi’s team — around five people — will join OpenAI
OpenAI buys a remote collaboration platform Read More »
OpenAI has acquired a company, Rockset, building tools to drive real-time search and data analytics. In a post on its official blog, OpenAI said that it would integrate Rockset’s technology to “power [its] infrastructure across products.” Members of Rockset’s team will join OpenAI, and Rockset’s existing customers will be transitioned off of Rockset’s platform “gradually.”
OpenAI buys Rockset to bolster its enterprise AI Read More »
