AI & Machine Learning Acquisitions in 2022

Wolters Kluwer Legal & Regulatory has acquired Della AI Ltd., a London- and Paris-based provider of AI technology for contract review using advanced natural language processing. Della AI will join Wolters Kluwer's Legal Software unit to enhance products such as Legisway and Kleos; the start-up was founded in 2018 and employs around 16 professionals.

Tecnotree Corporation (Espoo, Finland) has agreed to acquire CognitiveScale, an Austin-based AI engineering platform provider, to expand Tecnotree's AI/ML capabilities and accelerate 5G use-case monetization in North America. The deal is expected to contribute roughly EUR 5 million of ARR in 2023 and is subject to customary conditions, with closing expected in 2022.

FreeWire Technologies has acquired Mobilyze.ai, an AI-driven EV charging analytics and prediction platform. The acquisition adds location analytics and utilization-forecasting capabilities to FreeWire’s EV charging and energy management offerings to help site hosts optimize charger placement and ROI.

FarmX, Inc. has acquired AutoModality, Inc., a developer of a patented GPS‑denied autonomous navigation platform for mobile robotics used in drones and ground vehicles. The acquisition integrates AutoModality's Perceptive Navigation technology into FarmX's crop‑management platform to expand autonomous survey, scouting, monitoring, imaging and analytics capabilities for growers.

Accenture completed a tender offer to acquire Japanese data science company ALBERT Inc., bringing ALBERT's ~250 data scientists and contractors into Accenture's Applied Intelligence practice. The acquisition strengthens Accenture's data and AI capabilities globally and furthers its ability to support Japanese companies with advanced analytics and AI.

Samba TV, the San Francisco-based television technology and analytics company, acquired Disruptel, an AI/ML startup focused on Connected TV content recognition and video analysis. The acquisition expands Samba TV's Samba AI capabilities to deliver advanced on-screen content understanding, enhanced content recommendations, and new non-intrusive ad experiences for TV manufacturers, publishers and advertisers.

Maxar Technologies has completed the acquisition of Wovenware, a Puerto Rico–based AI and software engineering firm of roughly 150 employees. The acquisition adds software engineering, AI/ML and geospatial data production capabilities to Maxar and establishes Wovenware as a Maxar software development and AI/ML center of excellence in Puerto Rico.

Foresight Group, via The Midlands Engine Investment Fund (MEIF), invested £600,000 into BlueSkeye AI as part of a £3.4 million funding round joined by XTX Ventures, Praetura Ventures, the University of Nottingham and a consortium of high-net-worth individuals. The growth capital will accelerate BlueSkeye's expansion and product development for its proprietary face- and voice-analysis AI across digital health & wellbeing and automotive safety markets.

LianLian Global acquired a minority stake in ContentBot (ContentBot.ai), an AI-powered content generation platform, to integrate AI copywriting and product-launch services into its Growth Studio for ecommerce merchants. The investment enables LianLian to offer multi-language product descriptions, landing pages, and digital ads as value-added services to its cross-border payments customers, accelerating merchants' time-to-market internationally.

Verseon International Corporation, a Fremont, California–based drug-discovery company, has acquired Edammo, Inc. to integrate Edammo's Extreme AutoML technology into Verseon's physics-augmented AI drug-discovery platform. The acquisition is intended to strengthen Verseon's machine‑learning capabilities for small, sparse life‑sciences datasets and accelerate drug candidate discovery.

Copysmith has acquired AI writing and SEO platforms Frase and Rytr and launched a combined brand, Copyrytr, to unify its AI-powered content and SEO offerings. The deal aligns the three products to accelerate product development, broaden market coverage from freelancers to enterprises, and strengthen Copysmith's position in AI content generation.

Velodyne Lidar has acquired Bluecity, a Montreal-based AI software company that provides lidar-based analytics and traffic/safety solutions. The all-stock deal brings Bluecity's software, development and sales teams into Velodyne to integrate Bluecity's SaaS analytics with Velodyne's lidar sensors and Vella perception software to expand intelligent infrastructure and autonomous vision capabilities.

ProcessMaker has acquired Doculayer, an Amsterdam-based intelligent document processing (IDP) specialist, to integrate next-generation document classification and data-extraction capabilities into its low-code business process management platform. The deal brings Doculayer's AI/ML-powered OCR and unstructured-document processing into ProcessMaker's product suite to accelerate process automation, improve compliance, and deliver greater operational efficiency for enterprise customers in banking, higher education, and manufacturing.

Sutherland, an experience-led digital transformation company, has acquired AI-based customer experience platform Augment CXM to expand its AI solutions portfolio and enhance customer journey capabilities. The acquisition integrates Augment CXM's conversational AI technology with Sutherland's human-in-the-loop AI and automation to improve agent efficiency, conversion rates and overall customer satisfaction for global brands.

FatBrain AI (LZG International, Inc.; OTC: LZGI) has acquired Intellagents, an insuretech SaaS platform that provides an insurance-specific integration and API-management marketplace. The deal brings Intellagents' connectors and Peer Intelligence capabilities into FatBrain's AI offerings to accelerate product capabilities and adoption across insurers, brokers and businesses.

Algolia has acquired Search.io, the maker of Neuralsearch, to combine keyword search and vector-based semantic search into a single API. The deal integrates Search.io's vector search technology into Algolia's API-first Search & Discovery platform to improve semantic and image search capabilities and lower vector search costs for retailers and other customers.

CloudFactory has acquired Hasty, a Berlin-based data-centric machine learning platform that accelerates development of vision AI through AI-assisted labeling and iterative model retraining. The deal integrates Hasty’s automation and tooling with CloudFactory’s human-in-the-loop workforce to accelerate model development and deployment across vision AI use cases.

Blattner Technologies has acquired BOSS AI, integrating the enterprise AI platform and federated machine learning capabilities into its Predictive Transformation services. The acquisition brings BOSS AI's AI/ML expertise to Blattner's data management, engineering and analytics offerings to support customers across healthcare, manufacturing, e-commerce and financial services.

Sense, a San Francisco-based AI talent engagement platform, has acquired Skillate, an AI recruitment platform incubated within SAP Startup Studio and based in Bengaluru, India. The deal brings Skillate's AI candidate-matching, job-distribution and HCM integrations into Sense to expand its AI recruiting capabilities and accelerate time-to-hire for enterprise customers.

Firebolt Group, a global smart sign manufacturer, has acquired Glimpse Analytics, a computer-vision and AI analytics platform that uses existing CCTV to track in-store behavior and operational metrics. The deal expands Firebolt's capabilities in retail and experience analytics, integrating Glimpse's computer-vision insights into Firebolt's point-of-sale signage and data-capture offerings.

Silverback United, Inc. completed an all-stock acquisition of UK-based Headstart AI, Inc. (Headstart.io) in a transaction announced Aug. 18, 2022, described as a $14 million acquisition. Headstart will remain an independent, wholly owned subsidiary headquartered in London; Silverback's CEO Ron Bienvenu will serve as interim CEO of Headstart while co‑founder Nicholas Shekerdemian joins Silverback’s board. Spear Point Advisors served as Silverback’s exclusive financial advisor, and the deal is intended to accelerate Silverback’s data-asset strategy and expand Headstart’s access to the U.S. market.

mParticle, a customer data infrastructure provider headquartered in New York City, has acquired Vidora, an AI personalization platform (Cortex) for customer data. The acquisition brings Vidora's machine‑learning personalization capabilities and team into mParticle to enhance predictive segmentation, next‑best‑action decisioning, and integrations across mParticle's partner ecosystem.

ClaimLogiq, a payment-integrity technology provider headquartered in Mount Pleasant, South Carolina, acquired SyTrue, a pioneer in healthcare natural language processing (NLP). The acquisition integrates SyTrue’s NLP OS into ClaimLogiq’s payment integrity platform to expand capabilities for processing unstructured medical data across payment integrity, risk adjustment and medical record review use cases.

San Francisco-based workplace sensor and analytics company Density has acquired Paris-based AI/data science startup Prevision.io to accelerate Density's analytics, onboarding, and AI capabilities as part of a broader expansion into EMEA. The Prevision.io engineering team will remain in Paris and join Density's international effort to deliver privacy-first space analytics for customers across Europe.

i2 Group, a subsidiary of N. Harris Computer Corporation, has acquired Rosoka Software Inc to extend i2's intelligence analysis platform with Rosoka's multilingual natural language processing and unstructured data extraction capabilities. The acquisition integrates Rosoka's text analytics into i2's product line to better support homeland security, law enforcement and financial crime investigations globally.

Xalles Holdings Inc. (via its technology subsidiary Xalles Technology Inc.) will acquire AIgrowthHUB Inc. in a share exchange, making AIgrowthHUB a wholly owned subsidiary. Based in St. Petersburg, Florida, AIgrowthHUB provides AI-driven customer acquisition and digital customer experience solutions and is expected to contribute about $7 million in revenue over the next 12 months.

Peak Technologies, a portfolio company of Sole Source Capital, has acquired Siena Analytics, a Franklin, Massachusetts-based provider of supply chain and logistics analytics and AI-driven machine vision software. The deal is an add-on acquisition that integrates Siena's proprietary logistics software into Peak's AIDC systems integration offerings to expand capabilities in visibility, automation and micro-fulfillment solutions; financial terms were not disclosed.

Headwall Photonics announced a strategic growth investment in perClass BV, the developer of the perClass Mira machine‑learning spectral analysis software. The investment brings perClass into the Headwall Group (with perClass shareholders retaining partial ownership) to accelerate Headwall’s machine‑vision strategy and deepen integration between perClass software and Headwall’s hyperspectral sensors.

Walmart has agreed to acquire Memomi, an augmented reality (AR) optical-technology provider that powers virtual try-on and contact-free digital measurements for Walmart Vision Centers and Sam's Club. The acquisition will bring Memomi's AR and AI-driven virtual-try-on capabilities into Walmart Global Tech to expand Walmart’s omnichannel optical and digital health services; Memomi employees will join Walmart Global Tech and the deal is expected to close in the coming weeks.

Veritone, Inc. acquired VocaliD, Inc., a U.S.-based pioneer in personalized synthetic voices, to expand and enhance its Veritone Voice capabilities and integrate VocaliD's proprietary voice modeling and audio mixing technology into its aiWARE platform. The VocaliD team will join Veritone's Commercial Enterprise division, enabling expanded enterprise-grade synthetic voice offerings for brands, broadcasters, podcasters and other customers.

Reddit has acquired Spell, a SaaS-based machine-learning platform, to strengthen its ML and AI capabilities. The Spell team — including founder & CEO Serkan Piantino — will join Reddit to support Product, Safety, and Ads initiatives and accelerate integration of ML across the company.

King, the Stockholm-based mobile game developer, has acquired Swedish AI software company Peltarion. The acquisition brings Peltarion's no-code, cloud-based machine learning operations platform and team into King to accelerate AI and machine-learning capabilities across King's game platform.

Spotify has announced its intention to acquire Sonantic, a London-based AI voice platform that generates realistic text-to-speech voices. Spotify says it will integrate Sonantic's technology to build new voice-driven, personalized audio experiences across its platform.

XMachina AI Group Inc. (formerly 1210352 B.C. Ltd.) completed a business combination on June 7, 2022, pursuant to which it acquired XMachina-AI Inc. and renamed the resulting issuer XMachina AI Group Inc. The Resulting Issuer will carry on XMAI's business, intends to apply to list its subordinate voting shares on the Canadian Securities Exchange, and plans to accelerate growth by injecting capital and talent into AI and data-analytics businesses.

Renesas Electronics Corporation has acquired Reality Analytics, Inc. (Reality AI) in an all-cash transaction to bolster its endpoint AI capabilities. The acquisition brings Reality AI’s embedded AI, TinyML and signal-processing tools and team in Columbia, Maryland into Renesas to accelerate AIoT solutions for IIoT, automotive and consumer applications.

Mediaocean acquired Drishyam AI to integrate the startup’s AI- and NLP-driven image-recognition and creative auto-optimization capabilities into its Flashtalking by Mediaocean offering. The acquisition brings Drishyam’s team and technology into Mediaocean to accelerate automated content classification, product identification and ad creative optimization across channels.

Symbotic LLC completed a business combination with SVF Investment Corp. 3, a SoftBank-sponsored SPAC, and will operate as Symbotic Inc. with Class A shares trading on Nasdaq under the ticker SYM. The transaction provides significant growth capital to accelerate Symbotic's expansion and commercialization of its A.I.-enabled robotics and software platform, which has more than $11 billion in contracted orders.

Foresight Williams Technology (a JV of Foresight Group and Williams Advanced Engineering) led a £1 million investment into dRISK, an autonomous vehicle testing and AI training company, to accelerate development and commercial adoption of its edge-case simulation and data platform. The round also included participation from Stantec and several existing investors (Okapi Venture Capital, Netsu Equity, SaaS Venture Capital, Poetic Partners and Mt. Wilson Ventures).

Greenlight Guru, a MedTech quality management software provider, acquired Vertex Intelligence, a Zionsville-based AI/ML and data science consultancy, to bring artificial intelligence and machine learning capabilities in-house. The deal integrates Vertex’s team and patents into Greenlight Guru’s product development to accelerate smart quality, recommendation engines and proactive decision support for medical device companies.

Edinburgh-based Metanomic has acquired Intoolab A.I, a developer of a Dynamic Bayesian Network AI framework, to embed advanced AI-driven player insight and analytics into Metanomic’s game-economy platform. The Intoolab solution (rebranded Thunderstruck) will extend Metanomic’s real-time economy engine for video games and Web3; Intoolab founder Nikos Tzagkarakis joins Metanomic as Chief AI Officer and the company will maintain a development hub in Greece.

Zoom Video Communications has entered into a definitive agreement to acquire Solvvy, a conversational AI and automation platform for customer support. The acquisition will integrate Solvvy's self-service and conversational AI capabilities into Zoom Contact Center to expand contact center functionality, improve customer self-service, and accelerate Zoom's roadmap for personalized omnichannel support.

Thomson Reuters has acquired Houston-based AI document analytics company ThoughtTrace from Altira Group. The acquisition brings ThoughtTrace's AI/ML-powered contract and document intelligence capabilities into Thomson Reuters' product portfolio; financial terms were not disclosed.

AGCO, the global agricultural machinery manufacturer, has acquired JCA Industries, Inc. (d/b/a JCA Technologies), a Winnipeg-based developer of autonomous software, electronic systems and implement controls for agricultural machinery. The acquisition strengthens AGCO's engineering and software development capabilities—particularly in path planning, sensor fusion and remote-control software—to accelerate delivery of highly automated and autonomous machines.

SoundHound Inc. completed its previously announced business combination with Archimedes Tech SPAC Partners Co., creating the combined public company SoundHound AI, Inc., which began trading on Nasdaq under the ticker SOUN on April 28, 2022. The transaction provides SoundHound with significant proceeds to fund customer acquisition, product development and expansion, and adds Archimedes’ leadership to the company’s board.

Ripcord, a Hayward, California-based document digitization and intelligence company, acquired LearningPal, a Silicon Valley machine-learning OCR and document understanding technology provider. The acquisition is intended to integrate LearningPal's advanced OCR and large-format document processing capabilities—including enterprise-scale Japanese language extraction—into Ripcord's robotic digitization and document intelligence platform to accelerate capability expansion and global market reach.

Gupshup has acquired AskSid, a Bengaluru-based conversational AI provider focused on ecommerce and retail. The acquisition strengthens Gupshup's AI-powered conversational commerce and CX capabilities, adding AskSid's retail-specific AI models, multilingual support and global implementations to Gupshup's platform.

Uniphore acquired Colabo, an AI-powered knowledge automation solution, to integrate real-time knowledge extraction and entity/graph capabilities into its conversational automation platform. The deal is intended to improve intelligent virtual assistants and live agent experiences by delivering more relevant content and next-best actions from structured and unstructured data.

WELL Health Technologies, through its WELL Ventures subsidiary, made a minority investment in Tali.ai and entered a five-year strategic alliance to commercialize Tali.ai's AI voice assistant across WELL's EMR portfolio and apps.health marketplace. The deal gives WELL access to Tali.ai's NLP-driven voice capabilities for clinicians and enables Tali.ai to be beta-tested in WELL clinics and offered to over 15,000 providers across Canada.

EX.CO acquired Bibblio, a machine-learning recommendation technology company, to bolster its personalization and recommendation capabilities for brands, publishers, and e-commerce businesses. The deal integrates Bibblio’s AI-driven recommendation engine into EX.CO’s content experience platform to deliver more sophisticated, contextual personalization and product/video recommendations.

Sportradar has acquired Vaix Limited, an AI specialist for the iGaming industry, and will integrate Vaix's personalization and machine-learning capabilities into its Managed Trading Services and Sportsbook platform. The deal strengthens Sportradar's ability to provide personalized offers and marketing insights to betting and gaming operators; terms were not disclosed.