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. […]
Anysphere acquires Supermaven to beef up Cursor Read More »
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
Red Hat acquires AI optimization startup Neural Magic Read More »
Yelp, which made a name for itself giving restaurant recs, just bought an auto services website. In the company’s quarterly earnings report today, Yelp revealed that it agreed to buy RepairPal, a site for car repair estimates, for $80 million in cash. The acquisition is expected to close by the end of the year, subject
Yelp just spent $80M on a site for car repair estimates Read More »
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
ElevenLabs has hired the team behind Omnivore, a reader app Read More »
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
Subscription management firm Zuora agrees to be acquired for $1.7B Read More »
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
Amplitude buys Command AI to bolster its app engagement offerings Read More »
HubSpot has acquired Cacheflow, a startup building tools for the software sales closing process, for an undisclosed amount. HubSpot CEO Yamini Rangan says that Cacheflow — which will become a wholly-owned subsidiary of HubSpot once the deal closes — will expand HubSpot’s Commerce Hub suite of subscription billing management and configure, price, and quote tools
HubSpot acquires Cacheflow, a platform that helps close software sales Read More »
Salesforce is on a buying spree. After snatching up data management firm Own earlier in the month, Salesforce today announced its plans to buy Zoomin, an enterprise knowledge platform. Zoomin — which we’ve covered a handful of times before — unifies a company’s docs, like product user guides and tutorials, in one portal. The terms
Salesforce snatches up Zoomin, a tool for organizing company knowledge Read More »
It must be acquisition season. Commvault, a publicly traded data protection and data management software company, today announced that it intends to acquire data backup and recovery provider Clumio for an undisclosed amount. The deal is expected to close in early October. Commvault says it’s not material to its earnings and that it’ll be funded
Commvault acquires data backup provider Clumio Read More »
Vista Equity Partners and Blackstone have agreed to acquire Smartsheet, the software-as-a-service (SaaS) workplace collaboration platform, for $8.4 billion in cash. The private equity firms say that the deal values publicly traded Smartsheet’s shares at a 41% premium over its 90-day average closing share price. Should regulators and shareholders approve it, shareholders would receive approximately
Vista Equity Partners and Blackstone offer to buy Smartsheet for $8.4B in cash Read More »
