AI & Machine Learning Acquisitions in 2023

Tracked deals

69

69 tracked deals across 2023.

Buyer mix

Strategic-led

57 strategic · 17 pe

Top trend

Volume peaked in 2026

243 tracked deals announced in 2026.

Buyer Snapshot

Top Buyers

Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.

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Buyer # Deals Focus Type
MML Capital Partners 2 International mid-market private equity investor that par... PE
Research Solutions, Inc. 2 Publicly listed provider of cloud-based research workflow... Strategic
Trive Capital 2 Middle-market private equity firm investing equity and de... PE
10Pearls 1 Global digital transformation and software engineering se... Strategic
AMD 1 Semiconductor company focused on high-performance computi... Strategic
Acceldata 1 Provides an enterprise data observability and agentic dat... Strategic
Accenture 1 Global professional services company providing consulting... Strategic
ActiveFence 1 Provider of Trust & Safety intelligence and AI-driven con... Strategic
AeroVironment, Inc. 1 A global defense technology company focused on intelligen... Strategic
Airbnb 1 Global online marketplace for lodging, experiences and tr... Strategic

Acquisition Volume in AI & Machine Learning in 2023 by Year

Last 10 years

Acquisition volume by year Annual acquisition counts for the last 10 years for AI & Machine Learning Acquisitions in 2023. 3 2017 3 2018 28 2019 41 2020 87 2021 72 2022 69 2023 117 2024 186 2025 ~467 est. 243 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    BurTech Acquisition Corp., Burkhan Capital, LLC, BurTech Acquisition Corp. (renamed to Blaize Holdings, Inc.)
    Target
    Blaize, Inc.
    Type
    Buyout

    Blaize, a provider of full-stack AI-enabled edge computing solutions, entered into a definitive agreement to combine with BurTech Acquisition Corp., a publicly traded special purpose acquisition company (SPAC). Upon closing, Blaize will become a wholly owned subsidiary of BurTech and the combined company will be renamed Blaize Holdings, Inc. and expected to list on Nasdaq under a new ticker in the second quarter of 2024.

  • Buyer
    BYTE Acquisition Corp.
    Target
    Airship AI Holdings, Inc.
    Type
    Buyout

    BYTE Acquisition Corp. completed a business combination with Airship AI, and the combined company began trading on Nasdaq under ticker AISP on December 22, 2023. The transaction valued Airship AI at a pre-money equity value of approximately $225 million and positions the company to accelerate growth—backed by a visible pipeline including $10.9 million in DHS contracts.

  • Buyer
    Carlyle, Insight Partners
    Target
    Exiger
    Type
    Buyout

    Funds managed by Carlyle and Insight Partners will make a majority investment in Exiger, a McLean, Virginia–based AI-driven supply chain and third‑party risk management SaaS company. Management, founders and existing investor Carrick Capital Partners are reinvesting equity; the investment will be used to accelerate product innovation, scale the 1Exiger AI platform, and expand customer engagement across government and commercial markets.

  • Buyer
    Rithum
    Target
    Cadeera
    Location
    Berlin, Germany
    Type
    Buyout

    Rithum (formerly CommerceHub) has acquired AI startup Cadeera to accelerate its AI-powered search and product discovery capabilities across its commerce platform. The acquisition is intended to infuse multimodal AI (computer vision, language processing, and machine learning) into Rithum’s product onboarding, search, and discovery features to drive faster time-to-market and operational efficiencies for brands and retailers.

  • Buyer
    SoundHound AI, Inc.
    Target
    SYNQ3 Restaurant Solutions
    Type
    Buyout

    SoundHound AI has agreed to acquire SYNQ3 Restaurant Solutions for aggregate consideration of $25 million (approx. 20% cash, 80% SoundHound Class A stock) with up to $4 million of additional consideration payable over three years subject to revenue targets. The acquisition expands SoundHound's voice and conversational AI footprint in restaurants — adding over 10,000 signed locations, deepening relationships with major chains, and accelerating deployment of generative voice AI products across the restaurant industry.

  • December 5, 2023
    Buyer
    AppsFlyer
    Target
    oolo
    Location
    Central District, Israel
    Type
    Buyout

    AppsFlyer has acquired oolo, an AI-powered user acquisition and monetization decision-making platform, and will operate it as "oolo by AppsFlyer." The acquisition expands AppsFlyer's AI-driven analytics and monitoring capabilities and will integrate oolo into AppsFlyer's Privacy Cloud Marketplace to provide real-time, privacy-preserving insights for marketing, growth and monetization teams.

  • Buyer
    reAlpha Tech Corp.
    Target
    Naamche, Inc. / Naamche, Inc. Pvt. Ltd.
    Seller
    Ramesh Pathak, Barun Pandey, Saramsha Dotel
    Location
    Bagmati Province, Nepal
    Type
    Buyout

    reAlpha Tech Corp. (Nasdaq: AIRE) announced definitive agreements on December 4, 2023 to acquire Naamche (Naamche, Inc. and Naamche, Inc. Pvt. Ltd.) to add AI/ML, data engineering and cross-platform development capabilities. The deal — including a combination of cash and equity consideration and later closed in May 2024 — brings a ~25-person product and engineering team led by founder Ramesh Pathak into reAlpha to accelerate development of real-estate focused AI solutions.

  • Buyer
    Cyara
    Target
    QBox
    Seller
    Volume Group
    Location
    Berkshire, United Kingdom
    Type
    Buyout

    Cyara has acquired conversational AI testing company QBox to expand its chatbot and voicebot testing, monitoring, and NLP validation capabilities. The deal integrates QBox’s NLP-driven testing platform into Cyara’s AI-powered CX Assurance suite to strengthen conversational AI optimization for enterprise customers.

  • Buyer
    Research Solutions, Inc.
    Target
    scite
    Type
    Buyout

    Research Solutions, Inc. (NASDAQ: RSSS) has acquired scite, a Brooklyn-based AI-powered research discovery platform known for its Smart Citations. The deal adds scite's ~21,000 active B2C subscribers and $3.6M of annualized subscription value to Research Solutions' product suite, enabling cross-sell opportunities across academic, corporate and government research customers.

  • November 16, 2023
    Buyer
    Hightouch
    Target
    HeadsUp
    Type
    Buyout

    Hightouch has acquired HeadsUp, an AI-driven conversion engine, and will integrate HeadsUp’s ML models into its Composable Customer Data Platform to build warehouse-native Customer 360 profiles and predictive conversion signals. HeadsUp co-founder and CEO Earl Lee will join Hightouch to lead AI/ML-driven Customer 360 development, expanding Hightouch’s capabilities for marketing, advertising, and operations use cases.

  • November 14, 2023
    Buyer
    Airbnb
    Target
    GamePlanner.AI
    Type
    Buyout

    Airbnb has acquired GamePlanner.AI, a stealth AI startup led by Adam Cheyer and Siamak Hodjat, bringing a roughly 12-person team onto Airbnb’s AI efforts. The team will accelerate select AI projects and integrate GamePlanner.AI’s tools into Airbnb’s platform to enhance AI-driven interfaces and experiences.

  • Buyer
    Mondee Holdings, Inc.
    Target
    Purplegrids
    Type
    Buyout

    Mondee Holdings, Inc. (Nasdaq: MOND) completed an all-stock acquisition of Purplegrids, a Silicon Valley AI company, on November 13. The deal brings Purplegrids' enterprise AI platform and team (50+ employees) into Mondee to accelerate AI capabilities and vertically integrate generative AI across Mondee's travel technology platforms, including its Abhi assistant.

  • Buyer
    BigBear.ai
    Target
    Pangiam
    Type
    Buyout

    BigBear.ai has signed a definitive merger agreement to acquire Pangiam (Pangiam Intermediate Holdings, LLC) in an all-stock transaction valued at roughly $70 million, expected to close in Q1 2024. The deal combines Pangiam's facial recognition and biometric capabilities with BigBear.ai's computer vision and AI analytics to create a comprehensive Vision AI portfolio and expand the combined company's customer base into airlines, airports, identity-verification firms and additional U.S. government contracts.

  • Buyer
    Tyler Technologies
    Target
    ARInspect
    Type
    Buyout

    Tyler Technologies has acquired ARInspect, a Fairfax, Virginia–based provider of AI-powered machine learning solutions for public sector field operations. Tyler will integrate ARInspect's intelligent edge platform into its Application Platform and deploy the technology across state and federal verticals (including environmental protection, disaster recovery, and human services).

  • Buyer
    PSG
    Target
    AirWorks

    PSG, a growth equity firm, led a strategic growth investment in AirWorks to fund product innovation, accelerate market penetration, and expand go-to-market and partner capabilities. PSG's Adam Marcus will join AirWorks' board, and existing investors also participated in the round.

  • Buyer
    Capital A Investment Partners
    Target
    ARVOO Imaging Products
    Location
    Utrecht, Netherlands
    Type
    Buyout

    Capital A (Capital A Investment Partners) has acquired a majority stake in ARVOO Imaging Products to fund the company’s next growth phase and support international expansion. ARVOO’s management (CEO Fons Grijpink and CTO René Voorwinden) remain in operational control while Capital A will act as a sponsor to accelerate globalization and pursue a selective buy-and-build strategy.

  • Buyer
    Pamlico Capital
    Target
    InRule Technology
    Seller
    OpenGate Capital

    Pamlico Capital has made a strategic growth investment in InRule Technology, an intelligence automation company that provides decisioning, machine learning and process automation software for enterprise customers. Terms were not disclosed; the backing will help InRule accelerate product delivery and expand its intelligence automation offerings following recent growth and prior acquisitions, and marks the culmination of a partnership with prior investor OpenGate Capital.

  • Buyer
    AMD
    Target
    Nod.ai
    Type
    Buyout

    AMD signed a definitive agreement to acquire Nod.ai to expand its open AI software capabilities. Nod.ai’s compiler-based automation technology (including SHARK) is expected to accelerate deployment of AI models optimized for AMD hardware across data center, edge, and client platforms.

  • Buyer
    Stanley Capital Partners, MML Capital Partners
    Target
    Roboyo
    Location
    England, United Kingdom

    Stanley Capital Partners has joined existing investor MML Capital Partners in a growth investment in Roboyo, the market-leading hyper-automation consultancy. The capital will support Roboyo’s international expansion and consolidation strategy as it continues to scale its AI-powered automation services across enterprise clients.

  • September 27, 2023
    Buyer
    ToolsGroup
    Target
    Evo
    Location
    Piedmont, Italy
    Type
    Buyout

    ToolsGroup has acquired Evo, an AI/ML provider of pricing and inventory prescriptive analytics, to integrate Evo's responsive AI, quantum learning, and advanced prescriptive capabilities into ToolsGroup’s SO99+ and JustEnough supply chain and price optimization suites. The acquisition strengthens ToolsGroup’s dynamic planning and price-optimization capabilities and is supported by ToolsGroup’s private-equity backer Accel‑KKR.

  • Buyer
    Acceldata
    Target
    Bewgle
    Location
    Karnataka, India
    Type
    Buyout

    Acceldata has acquired Bewgle to extend its enterprise data observability platform into AI and large language model (LLM) pipelines. Bewgle's founders, Ganga Kumar and Shan Shah, will lead Acceldata's AI team as the company integrates Bewgle's NLP and AI capabilities to improve data quality and reduce AI-related risk for enterprise customers.

  • Buyer
    Computer Modelling Group Ltd. (CMG)
    Target
    Bluware-Headwave Ventures Inc. (Bluware)
    Seller
    EV Private Equity
    Type
    Buyout

    Computer Modelling Group Ltd. (CMG) acquired Bluware-Headwave Ventures Inc., a cloud-native AI and deep-learning software and services provider for subsurface decision-making, from majority owner EV Private Equity. CMG paid US$22 million with an additional earn-out of up to US$8 million; Bluware reported approximately US$23.5 million revenue in its most recent fiscal year and provides the InteractivAI product and proprietary VDS data format for seismic data.

  • September 20, 2023
    Buyer
    LimeWire
    Target
    BlueWillow
    Type
    Buyout

    LimeWire has acquired AI image-generation platform BlueWillow, bringing BlueWillow's proprietary text-to-image and image-to-image models and a community of over 2.3 million users into LimeWire's creator-focused product suite. The deal will integrate BlueWillow's generative-AI capabilities into LimeWire AI Studio to expand creator tools, enable ownership and monetization of generated content, and accelerate LimeWire's move into generative AI-enabled creator services.

  • Buyer
    Elixirr
    Target
    Responsum
    Type
    Buyout

    Elixirr has acquired Responsum, a generative AI and large-language-model acceleration platform founded in Austin, Texas, to strengthen its AI and digital capabilities. The acquisition brings Responsum's technical expertise and platform into Elixirr's consulting offering to accelerate client deployments of generative AI across sales, support and executive analytics use cases.

  • September 12, 2023
    Buyer
    Aspirion
    Target
    Infinia ML, Inc.
    Type
    Buyout

    Aspirion, a Columbus, Georgia-based technology-enabled healthcare revenue cycle management provider, has acquired Infinia ML, an AI and machine learning company focused on intelligent document processing. The acquisition makes Infinia ML Aspirion’s R&D engine to accelerate AI-driven automation and improve revenue cycle outcomes for healthcare provider clients.

  • Buyer
    ActiveFence
    Target
    Spectrum Labs
    Type
    Buyout

    ActiveFence has acquired Spectrum Labs, a provider of contextual AI for text-based content moderation, to expand its Trust & Safety offering. The acquisition integrates Spectrum Labs' natural language AI with ActiveFence's detection platform to improve harmful-content recognition and protection for global online platforms.

  • Buyer
    Logility, Inc.
    Target
    Garvis
    Location
    Antwerp, Belgium
    Type
    Buyout

    Logility, a provider of cloud-based prescriptive supply chain planning solutions and subsidiary of American Software, has signed a definitive agreement to acquire Garvis, an Antwerp-based AI-native demand forecasting SaaS startup. Garvis’ DemandAI+ will be embedded into Logility’s Digital Supply Chain Platform to add generative-AI and ML-driven demand forecasting capabilities and accelerate supply chain planning accuracy and automation.

  • Buyer
    Volaris Group
    Target
    RAF Technology
    Type
    Buyout

    Volaris Group (an operating group of Constellation Software Inc.) has acquired RAF Technology, a developer of AI-driven pattern recognition and data-capture software used by postal, courier and logistics companies. RAF will continue to operate independently under General Manager David Reeves and will leverage Volaris' operating approach and community to expand its product and customer footprint globally.

  • Buyer
    IFS
    Target
    Falkonry
    Type
    Buyout

    IFS has signed a definitive agreement to acquire Falkonry, a California-based industrial AI software company that provides automated time-series anomaly detection and operational insights for manufacturing and defense customers. The acquisition adds Falkonry's self-learning anomaly detection to IFS's cloud enterprise suite, expanding IFS's AI capabilities across ERP, EAM, FSM and related products; the deal is expected to close in Q4 2023.

  • August 24, 2023
    Buyer
    Engageware, Clearhaven Partners
    Target
    Aivo
    Location
    Buenos Aires Province, Argentina
    Type
    Addon

    Engageware, a Clearhaven Partners-backed customer engagement SaaS platform, has acquired Aivo, an Argentina-founded conversational and generative AI provider. The deal expands Engageware’s platform capabilities to deliver AI-powered customer engagement across financial services, telecom and retail clients and strengthens its offering for enterprise customers.

  • Buyer
    Forward Slope Incorporated, Trive Capital
    Target
    Soar Technology, Inc.
    Type
    Addon

    Forward Slope Incorporated, a Trive Capital-backed technology platform, has acquired Soar Technology, Inc. The add-on strengthens Forward Slope's AI/ML capabilities for Department of Defense and national security customers; the SoarTech leadership invested alongside Trive and will remain as senior leaders of the combined platform.

  • Buyer
    Trive Capital
    Target
    Hypergiant Industries
    Type
    Addon

    Dallas-based private equity firm Trive Capital has acquired AI defense platform company Hypergiant Industries to complement its portfolio company Forward Slope. Hypergiant CEO Mike Betzer will remain in place as the company scales its cloud-based CommandCenter geospatial data visualization and AI-enabled C5ISR offerings; terms were not disclosed.

  • Buyer
    AeroVironment, Inc.
    Target
    Tomahawk Robotics
    Type
    Buyout

    AeroVironment announced its anticipated acquisition of Tomahawk Robotics, acquiring 100% of Tomahawk Robotics’ equity for a total purchase price of $120 million paid in a mix of cash and stock. The deal is intended to deepen integration between AeroVironment’s unmanned systems and Tomahawk Robotics’ AI-enabled robotic control technology to improve interoperability across connected unmanned systems.

  • Buyer
    Tyler Technologies, Inc.
    Target
    Computing System Innovations, LLC
    Type
    Buyout

    Tyler Technologies has acquired Computing System Innovations, LLC (CSI), an Orlando-area provider of AI-driven redaction, indexing, and document processing software for courts and public-sector customers. Tyler will integrate CSI's Intellidact platform into its eFile & Serve and other product suites to expand AI automation and document-processing capabilities; CSI management and staff will join Tyler and remain in their current offices.

  • Buyer
    Ziff Davis, Inc.
    Target
    Xyla, Inc. (OpenEvidence)

    Ziff Davis has made a $25 million minority equity investment in Xyla, Inc. and entered a long-term collaboration to integrate Xyla's OpenEvidence medical AI into Ziff Davis' Everyday Health Group. The strategic partnership is intended to accelerate AI-enabled products and drive enhanced, personalized engagement with healthcare professionals across Ziff Davis' healthcare properties.

  • Buyer
    Research Solutions, Inc.
    Target
    ResoluteAI
    Type
    Buyout

    Research Solutions, Inc. (NASDAQ: RSSS) has acquired ResoluteAI, an AI- and NLP-powered enterprise search and knowledge-management platform. The deal will integrate ResoluteAI's taxonomy, ontology and knowledge-graph capabilities into Research Solutions' Article Galaxy and Foundation platforms to expand enterprise search, knowledge management, and life-sciences research workflows.

  • Buyer
    Blattner Tech
    Target
    DevDigital
    Seller
    Peter Marcum
    Type
    Buyout

    Blattner Tech acquired digital transformation consultancy DevDigital to deepen Blattner’s technical bench and strengthen its Predictive Transformation platform. DevDigital founder Peter Marcum will depart after the transaction to focus on equity investing, while DevDigital CFO Debby Sapp will remain and join Blattner Tech as Senior Director of Finance.

  • Buyer
    Dell Technologies
    Target
    Moogsoft
    Type
    Buyout

    Dell Technologies signed a definitive agreement to acquire Moogsoft, an AI-driven observability and AIOps provider, to enhance Dell's AIOps capabilities and embed AI into its multicloud product portfolio. The deal was announced July 19, 2023 and was expected to close in Q3 2023.

  • Buyer
    Quanos Group GmbH, Keensight Capital
    Target
    plusmeta
    Location
    Baden-Württemberg, Germany
    Type
    Addon

    Quanos Group GmbH, supported by majority shareholder Keensight Capital, has acquired plusmeta, an AI-driven, cloud-based software provider for technical documentation. The deal strengthens Quanos' AI capabilities and will integrate plusmeta's semantic, LLM and metadata-generation technology into Quanos' aftersales and technical documentation product suite.

  • Buyer
    Thomson Reuters Corporation
    Target
    Casetext
    Type
    Buyout

    Thomson Reuters signed a definitive agreement to acquire Casetext, a California-based provider of AI-powered legal technology, for $650 million in cash. The deal is expected to close in the second half of 2023, subject to regulatory approvals and customary closing conditions.

  • Buyer
    Strattam Capital
    Target
    The Daxtra Group
    Seller
    Andrei Mikheev, Steven Finch
    Location
    Scotland, United Kingdom

    Strattam Capital made a majority growth investment in The Daxtra Group, partnering with founders and co-owners Andrei Mikheev and Steven Finch. The investment will fund Daxtra's expansion in North America and accelerate adoption of its AI-enriched recruiting software and services.

  • Buyer
    Databricks
    Target
    MosaicML
    Location
    United States
    Type
    Buyout

    Databricks entered into a definitive agreement to acquire MosaicML, a generative AI platform, in a transaction valued at approximately $1.3 billion inclusive of retention packages. The combined offering aims to make it easier for organizations to build, own, and secure generative AI models using their own data on Databricks’ Lakehouse platform.

  • Buyer
    Accenture
    Target
    Flutura
    Location
    Karnataka, India
    Type
    Buyout

    Accenture has completed its acquisition of Flutura, an industrial AI company headquartered in Bangalore, India. The deal — terms undisclosed — brings Flutura's ~110 professionals and industrial AI platform into Accenture to strengthen its industrial AI services for clients in energy, chemicals, metals & mining, and pharmaceuticals.

  • Buyer
    QuestionPro
    Target
    PathosAI
    Location
    Ontario, Canada
    Type
    Buyout

    QuestionPro has acquired PathosAI to integrate PathosAI’s emotional-insights AI into QuestionPro’s research and insights platform. The acquisition expands QuestionPro’s AI-driven capabilities for customer experience and brand research by enabling emotion analysis and prediction within its survey and insights tools.

  • Buyer
    MAI Cloud Solutions Inc., Generative AI Solutions Corp.
    Target
    Pulse AI Compute Solutions Inc.
    Seller
    Minework Technologies Pte Ltd
    Type
    Buyout

    MAI Cloud Solutions Inc., a wholly-owned subsidiary of Generative AI Solutions Corp. (GenAI), agreed to acquire all issued and outstanding shares of Pulse AI Compute Solutions Inc. from Minework Technologies Pte Ltd for an aggregate purchase price of $1,500,000 paid in GenAI common shares, plus additional contingent share-based payments tied to revenue milestones. The deal is intended to provide MAI Cloud with immediate customers, enable discounted procurement of NVIDIA H100 GPUs through Pulse AI, and support GenAI's broader vertically integrated AI compute and cloud strategy.

  • Buyer
    10Pearls
    Target
    Oiga Technologies
    Location
    Colombia
    Type
    Buyout

    10Pearls has acquired Oiga Technologies, a Colombia-based product development firm specializing in artificial intelligence, machine learning, big data and blockchain. The deal expands 10Pearls' advanced emerging technology and product development capabilities and strengthens its presence in Latin America.

  • Buyer
    PartnerHero
    Target
    Summatti
    Location
    Ontario, Canada
    Type
    Buyout

    PartnerHero has acquired Summatti, an AI-powered conversation analytics platform based in Waterloo, Ontario, to accelerate development of its omnichannel CX operations platform. Summatti’s founders will join PartnerHero full-time and the company’s conversation-intelligence technology will be integrated into PartnerHero’s customer operations offerings.

  • Buyer
    Arrowroot Acquisition Corp., Arrowroot Capital Management
    Target
    iLearningEngines
    Type
    Buyout

    iLearningEngines, an AI-powered learning automation and enterprise “knowledge cloud” platform, entered into a merger agreement with Arrowroot Acquisition Corp. to list on NASDAQ under the ticker symbol AILE. The $100 million minimum cash requirement is funded through the SPAC trust and a private convertible offering with participation from Arrowroot Capital and other institutional investors, with proceeds intended primarily for M&A and growth.

  • Buyer
    Alarm.com
    Target
    Vintra
    Type
    Buyout

    Alarm.com acquired substantially all assets of Vintra, an AI-based video analytics software provider, including Vintra’s core IP and science, engineering and technical services teams. The asset purchase is intended to accelerate Alarm.com’s deep learning program and expand advanced video analytics across the Alarm.com and OpenEye platforms; financial terms were not disclosed.

  • Buyer
    Voices
    Target
    Voices.ai
    Location
    Ontario, Canada
    Type
    Buyout

    Voices, the global voice-over marketplace, has acquired Voices.ai and plans to launch a next-generation developer platform for voice applications that will include APIs, libraries, documentation and cloud infrastructure. The acquisition supports Voices’ push into AI-generated voices and developer-focused tools to serve use cases such as voice assistants, eLearning and real-time synthetic voice applications.

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