AI & Machine Learning Buyers & Acquisitions in California

Tracked deals

181

181 tracked deals across 2017-2026.

Buyer mix

Strategic-led

175 strategic · 34 pe

Top trend

Volume peaked in 2026

52 tracked deals announced in 2026.

Primary Insight

What Stands Out

  • Dynatrace is acquiring Arize to expand AI observability, combining observability with AI evaluation and monitoring.
  • d-Matrix acquired Wallaroo.ai to add AI inference deployment and orchestration capabilities to its data center inference platform.
  • Anthropic is reportedly in talks to acquire Decart AI (in early-stage discussions) to strengthen the infrastructure layer behind its Claude models.
  • Strategic buyers also target domain and platform breadth, from Caterpillar adding spatial data and analytics for mining to IBM expanding quantum computing research via HRL Laboratories.
Buyer (recurring) Deal theme shown in recent California activity
Enterprise platforms (e.g., Dynatrace) Observability across development and production
Infrastructure & deployment players (e.g., d-Matrix) Inference optimization, orchestration, scaling
Research & frontier model ecosystem (e.g., Anthropic) Strengthening model-adjacent infrastructure
Industry/strategic integrators (e.g., Caterpillar, IBM) Applying AI/advanced compute to operational roadmaps

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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
IFS 3 Provider of enterprise cloud and Industrial AI software (... Strategic (PE-backed)
Nvidia 3 Designer and manufacturer of GPUs and AI/data-center hard... Strategic
Workday, Inc. 3 Enterprise AI-first software platform for human capital m... Strategic
Anthropic 2 AI developer behind the Claude large language model, focu... Strategic
Appen Limited 2 Provider of high-quality, human-annotated datasets and AI... Strategic
Applied Intuition, Inc. 2 Provider of vehicle and autonomy software toolchains and ... Strategic
DataRobot 2 Provider of an enterprise AI platform focused on automate... Strategic
IBM 2 Global hybrid cloud and AI company focused on enterprise ... Strategic
OpenAI 2 Leading AI research lab and developer of large language m... Strategic
Procore Technologies, Inc. 2 Construction management software provider focused on unif... Strategic

Acquisition Volume in AI & Machine Learning in California by Year

Last 10 years

Acquisition volume by year Annual acquisition counts for the last 10 years for AI & Machine Learning Buyers & Acquisitions in California. 1 2017 1 2018 7 2019 11 2020 17 2021 11 2022 15 2023 21 2024 45 2025 ~72 est. 52 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Phoenix Education Partners, Inc.
    Target
    Fuel50, Inc.
    Type
    Buyout

    Phoenix Education Partners, Inc. entered into a definitive agreement to acquire Fuel50, Inc., an AI-powered workforce transformation platform. The transaction is expected to close within 30 days and Fuel50 will continue operating under its own brand, with Jo Mills expected to assume CEO leadership after closing.

  • September 15, 2026
    Buyer
    OpenAI
    Target
    Glass Imaging
    Type
    Buyout

    OpenAI reportedly acquired Glass Imaging in a deal valued at more than $300 million. The startup’s AI computational photography technology and engineering team are expected to support OpenAI’s expansion from AI software into consumer hardware.

  • Buyer
    Analog Devices, Inc.
    Target
    Alif Semiconductor
    Type
    Buyout

    Analog Devices (ADI) has entered into a definitive agreement to acquire Alif Semiconductor in an all-cash deal valued at $1.35 billion upfront, with up to $200 million in additional contingent consideration (up to $1.55 billion total). The acquisition is intended to expand ADI’s “Physical Intelligence” platform by adding Alif’s AI-native microcontrollers and fusion processors for on-device, low-latency edge AI.

  • Buyer
    Cognida
    Target
    Automate
    Seller
    Within (formerly Klarity)
    Type
    Buyout

    Cognida acquired Automate, an enterprise AI platform for accounting and operational workflows, from Within (formerly Klarity). Automate continues as a distinct product within Cognida, with its full team and leadership joining Cognida as part of the integration.

  • Buyer
    Ode with Anthropic
    Target
    Casper Studios
    Type
    Buyout

    Ode with Anthropic, an enterprise AI transformation company, announced it has acquired Casper Studios (Casper), an AI services firm focused on helping companies implement Anthropic’s Claude in existing business systems. The deal combines Ode’s custom AI engineering capabilities with Casper’s experience building skills, connectors, and context to drive enterprise AI adoption.

  • Buyer
    Anthropic
    Target
    Decart AI
    Type
    Buyout

    Anthropic is reportedly in talks to acquire Nvidia-backed AI infrastructure and optimization startup Decart AI in a potential deal valued at about $6 billion. The discussion is in early stages and could help Anthropic strengthen the infrastructure layer underlying its Claude models by improving inference efficiency and scaling capacity.

  • Buyer
    Dynatrace
    Target
    Arize
    Type
    Buyout

    Dynatrace has signed a definitive agreement to acquire Arize in a $915 million cash-and-stock transaction. The deal is intended to combine Dynatrace’s enterprise observability platform with Arize’s AI evaluation and monitoring technology to deliver end-to-end AI observability across the development and production lifecycle.

  • Buyer
    SAIHEAT Limited
    Target
    Canopy Wave, Inc.
    Type
    Buyout

    SAIHEAT Limited entered into a definitive merger agreement with Canopy Wave, combining to create a U.S.-based global AI inference platform. Upon closing, Canopy Wave will become a wholly-owned subsidiary and the combined company is expected to be renamed Canopy Wave Holdings Inc. and trade on Nasdaq under the ticker CWAV.

  • Buyer
    d-Matrix
    Target
    Wallaroo.ai
    Type
    Buyout

    d-Matrix announced it has acquired Wallaroo.ai, adding AI inference deployment and orchestration software to its data center inference platform. The acquisition integrates Wallaroo.ai’s technology and engineering talent with d-Matrix’s rack-scale heterogeneous AI infrastructure, aiming to simplify deployment and scaling of low-latency inference from single servers to multi-rack data center systems.

  • Buyer
    Procore Technologies, Inc.
    Target
    DroneDeploy, Inc.
    Type
    Buyout

    Procore Technologies has entered into a definitive agreement to acquire DroneDeploy for approximately $845 million in cash, subject to customary purchase price adjustments. The deal is intended to bring DroneDeploy’s aerial and ground reality capture, robotics, and visual intelligence into Procore’s construction management platform to enable AI-powered jobsite “see, understand, and act” capabilities.

  • Buyer
    Morgan Stanley Expansion Capital
    Target
    Conversica

    Conversica launched Ignite, an AI-native revenue activation engine for automotive dealers and dealer groups, connecting customer, vehicle, sales, service, and conversation data into a single context layer. The company also announced a majority recapitalization led by a fund managed by Morgan Stanley Expansion Capital, which will acquire a majority stake while Conversica management continues to lead and retain significant ownership.

  • Buyer
    Sierra
    Target
    Takeoff
    Type
    Buyout

    Sierra is acquiring Takeoff, a startup building long-horizon AI agent runtime that enables agents to operate like humans while scaling like software. Financial terms were not disclosed, and the two companies plan to combine capabilities into a new platform called Horizon.

  • Buyer
    IBM
    Target
    HRL Laboratories, LLC (HRL)
    Seller
    Boeing, General Motors
    Type
    Buyout

    IBM signed a definitive agreement to acquire HRL Laboratories, LLC (HRL), a Malibu, California-based quantum research and development institution jointly owned by Boeing and General Motors. The acquisition is intended to strengthen IBM’s quantum computing mission by adding silicon-spin qubit expertise, quantum sensing capabilities, and related infrastructure technologies, with the deal expected to close by the end of Q3 2026.

  • Buyer
    Cognition
    Target
    The Interaction Company of California
    Type
    Buyout

    Cognition has acquired Poke, the AI assistant from The Interaction Company of California, in a deal valued in the low nine figures. The acquisition will integrate Poke’s interaction model and personality into Cognition’s coding assistant Devin, while Poke will leverage Cognition’s models and infrastructure to improve reliability and speed.

  • Buyer
    Falfurrias Growth Partners
    Target
    FactorLab

    Falfurrias Growth Partners made a growth investment in FactorLab to accelerate the company’s AI-powered safety and operations risk intelligence platform for construction, utilities, energy, and industrial operations. The investment will fund continued development of FactorLab’s proprietary AI/ML technology, expand its commercial organization, and support entry into adjacent industries. Financial terms were not disclosed.

  • Buyer
    Clarify
    Target
    Seam AI
    Type
    Buyout

    Seattle-based AI CRM startup Clarify acquired San Francisco-based Seam AI. Clarify plans to fold Seam’s web-based buying-signal technology into a new product, Clarify Signals, to enhance CRM-native sales intelligence.

  • Buyer
    Caterpillar Inc.
    Target
    Skycatch, Inc.
    Type
    Buyout

    Caterpillar has acquired Skycatch, a provider of spatial data capture, processing, and analytics solutions for mining. The deal strengthens Caterpillar’s digital mining offering by adding near-real-time spatial data and AI capabilities, which are expected to be integrated with Caterpillar’s MineStar platform and RPMGlobal mining software to improve mine planning and execution.

  • June 24, 2026
    Buyer
    ExlService Holdings, Inc. (EXL)
    Target
    iMerit
    Type
    Buyout

    EXL (EXLS) announced a definitive agreement to acquire iMerit, an AI model training, evaluation, and reinforcement learning specialist, in a deal valued at up to $310 million. The acquisition is expected to close in the third quarter of 2026, subject to customary closing conditions and regulatory approvals. EXL plans to integrate iMerit’s Ango platform and Scholars network into its enterprise AI stack to help clients move from AI experimentation to production with more reliable, domain-specific models.

  • Buyer
    Reservoir
    Target
    Contain, Inc.
    Type
    Buyout

    Reservoir announced it has acquired Contain, Inc., an agriculture finance and data marketplace platform. The acquisition adds Contain’s marketplace, underwriting/financing experience, and market intelligence capabilities to Reservoir’s value-creation model for rugged AI-enabled agtech startups, and expands Reservoir’s footprint into agricultural equipment and controlled environment agriculture (CEA).

  • Buyer
    Montagu, KKR (retaining minority stake in BMC Helix)
    Target
    BMC Helix
    Seller
    KKR-owned BMC Software
    Type
    Buyout

    Montagu agreed to acquire a majority stake in BMC Helix in a carve-out transaction from BMC Software, which is owned by funds managed by KKR. KKR will retain a minority stake in BMC Helix, while BMC Software will continue under KKR ownership.

  • Buyer
    Vaisala Corporation
    Target
    Atmo, Inc.
    Type
    Buyout

    Vaisala has signed an agreement to acquire Atmo, Inc., a San Francisco-based AI weather forecasting company, for a fixed purchase price of USD 70 million plus an earn-out of up to USD 60 million. Closing is expected by the end of 2026, subject to regulatory approvals and customary closing conditions.

  • Buyer
    Flatirons Solutions
    Target
    Scope AR
    Type
    Addon

    Flatirons Solutions, a portfolio company of TELEO Capital Management, acquired enterprise AI platform Scope AR. Scope AR will operate under the Flatirons Solutions brand and the combined company will be headquartered in Boulder, Colorado.

  • Buyer
    Warner Music Group
    Target
    Sureel AI
    Type
    Buyout

    Warner Music Group (WMG) has agreed to acquire Sureel AI, an AI attribution and intellectual property tracking company. The deal is intended to strengthen WMG’s ability to protect, control, and monetize rights tied to AI-generated content, including name, image, likeness, and voice.

  • Buyer
    Bloomberg Industry Group
    Target
    Regology
    Type
    Buyout

    Bloomberg Industry Group acquired Regology, an AI-powered global regulatory intelligence platform. The deal expands Bloomberg Industry Group’s ability to deliver more proactive, AI-driven regulatory change management by combining Regology’s regulatory coverage and Smart Law Library with Bloomberg Law, Bloomberg Tax, and Bloomberg Government data and intelligence.

  • Buyer
    JMI Equity
    Target
    SewerAI

    SewerAI, an AI platform for sewer and underground infrastructure intelligence, announced a major strategic growth equity investment led by JMI Equity. The round includes continued participation from Innovius Capital, Epic Ventures, and Bentley Systems, with funds intended to accelerate AI-driven inspection, assessment, rehabilitation planning, and asset management capabilities.

  • Buyer
    DIMAAG
    Target
    Akridata
    Type
    Buyout

    DIMAAG, a deep technology company focused on industrial AI, energy systems, and high-performance infrastructure for AI data centers, announced its acquisition of Akridata. The deal adds AI vision systems, edge processing, and human-assisted inspection workflows to strengthen DIMAAG’s enterprise-scale Physical AI platform.

  • Buyer
    Anthropic, Blackstone, Hellman & Friedman
    Target
    Fractional AI
    Type
    Buyout

    Anthropic’s Blackstone- and Hellman & Friedman-backed enterprise services joint venture acquired Fractional AI, an applied AI implementation firm based in San Francisco. The acquisition provides the new (as-yet-unnamed) venture with Fractional’s delivery team to help midsize businesses deploy Anthropic’s Claude into core operations.

  • Buyer
    Envirotech Vehicles, Inc. (NASDAQ: EVTV)
    Target
    AZIO AI Corp., AZIO Corp's AI infrastructure division (as described as part of the transaction assets)
    Type
    Buyout

    AZIO AI executed a definitive merger agreement with Envirotech Vehicles, Inc. to create a U.S.-focused AI infrastructure and compute platform, supported by an independent third-party fairness opinion. The transaction is structured at a $750 million valuation, with EVTV to issue 100 million shares of its common stock; closing is expected in the second half of 2026 subject to SEC and shareholder approvals.

  • Buyer
    Indie Semiconductor
    Target
    ams OSRAM AG CMOS image sensor product line / fabless CMOS image sensor group
    Seller
    ams OSRAM AG
    Type
    Buyout

    Indie Semiconductor has signed a definitive agreement to acquire the fabless CMOS image sensor group (product line) from ams OSRAM AG for total consideration of €40 million. The deal is expected to close in the third quarter of 2026, subject to customary closing conditions and regulatory approvals.

  • Buyer
    Augment
    Target
    Merlin
    Seller
    Applico Capital (founder Alex Moazed led Merlin; no explicit seller entity named)
    Type
    Buyout

    Augment, an AI productivity platform for supply chain, announced it acquired Merlin, a stealth AI startup focused on wholesale distribution. Merlin’s capabilities are being integrated into Augie, Augment’s flagship AI teammate, to automate the quote-to-cash lifecycle for enterprise distributors while keeping customer data isolated per enterprise.

  • Buyer
    SoundHound AI, Inc.
    Target
    LivePerson, Inc.
    Type
    Buyout

    SoundHound AI has entered into a definitive agreement to acquire LivePerson for an equity value of $43 million (about $250 million enterprise value after debt adjustments). The combination unifies SoundHound’s voice and agentic AI with LivePerson’s Conversational Cloud to deliver an end-to-end omnichannel conversational AI platform for enterprises across 30+ countries.

  • Buyer
    Banneker Partners
    Target
    ResFrac Corporation

    Banneker Partners announced a platform investment in ResFrac Corporation, which develops a fully integrated reservoir simulation and hydraulic fracturing software platform. The investment is intended to support ResFrac’s ongoing platform innovation, expansion into adjacent capabilities, and scaling of its team and roadmap.

  • Buyer
    Sanas
    Target
    Tomato.ai
    Type
    Buyout

    Sanas, a real-time Speech AI platform for enterprise and global communications, announced it has acquired Tomato.ai. The deal expands Sanas’s capabilities in real-time speech processing, voice transformation, and low-latency inference, with production-grade integrations across communications platforms, VoIP environments, and carrier-adjacent systems.

  • Buyer
    d-Matrix
    Target
    GigaIO's data center business, GigaIO, Inc.
    Seller
    GigaIO, Inc.
    Type
    Buyout

    d-Matrix announced it has acquired GigaIO's data center business, including core rack-scale infrastructure and high-performance interconnect technologies. GigaIO will continue as an independent entity focused on edge computing.

  • March 19, 2026
    Buyer
    Findem
    Target
    Glider AI
    Type
    Buyout

    Findem, an AI platform for talent outcomes, entered into a definitive agreement to acquire Glider AI, a skills validation platform. The combined offering is intended to deliver end-to-end “hire-ready” candidates by integrating talent discovery with skills assessments, autonomous AI interviews, and identity verification. The deal is expected to close in the coming weeks, subject to customary closing conditions, and Glider AI will continue under its existing brand post-close.

  • Buyer
    Webflow
    Target
    Vidoso.ai
    Type
    Buyout

    Webflow announced it has acquired Vidoso.ai, a Bay Area-based multi-modal AI asset generation startup. Webflow said the deal will strengthen its agentic web marketing platform by integrating Vidoso’s AI agents and technology to generate brand-aligned visual and video assets within governed marketing workflows.

  • Buyer
    Invisible Technologies
    Target
    WeCP
    Type
    Buyout

    Invisible Technologies entered into an agreement to acquire WeCP, an AI-native technical assessment and intelligence platform. The deal will bring WeCP’s rigorously validated evaluation frameworks and assessment infrastructure into Invisible’s AI training platform, Meridial, to improve expert validation for high-precision AI workflows.

  • Buyer
    Coframe
    Target
    HaystacksAI
    Type
    Buyout

    Coframe announced it has acquired HaystacksAI, an AI-powered growth and sales intelligence startup, to strengthen its autonomous experimentation platform and expand go-to-market capabilities. HaystacksAI founder and CEO Bo Mohazzabi joined Coframe as Vice President of Go-To-Market to lead sales, growth, and customer strategy and contribute to the product roadmap.

  • Buyer
    Fractional AI
    Target
    Fabius
    Type
    Buyout

    Fractional AI, an applied AI and custom generative AI solutions provider, announced its acquisition of Fabius, a Y Combinator startup automating sales and operational workflows with AI. The deal is intended to strengthen Fractional’s position and expand the scope and scale of applied AI services for enterprises and private equity-backed companies.

  • Buyer
    Marvell Technology, Inc.
    Target
    XConn Technologies
    Type
    Buyout

    Marvell Technology, Inc. completed its previously announced acquisition of XConn Technologies, a provider of advanced PCIe and CXL switching silicon. The deal expands Marvell’s switching portfolio and strengthens its UALink scale-up switching roadmap for next-generation AI and cloud data center architectures.

  • Buyer
    ActiveCampaign
    Target
    Feedback Intelligence
    Type
    Buyout

    ActiveCampaign has acquired Feedback Intelligence, an AI evaluation and analytics platform that converts raw agent and user conversations into structured insights to improve AI agent performance. The acquisition will integrate Feedback Intelligence's conversation analysis and specialized evaluation models into ActiveCampaign's Active Intelligence to accelerate continuous improvement of AI-driven marketing workflows.

  • February 2, 2026
    Buyer
    SpaceX
    Target
    xAI
    Type
    Buyout

    SpaceX has acquired xAI in a transaction reported to value the combined company at about $1.25 trillion. The deal is described as a vertical integration to combine SpaceX’s launch and satellite infrastructure with xAI’s AI model development capabilities, including ambitions for space-based data centers and orbital compute.

  • January 29, 2026
    Buyer
    Handshake
    Target
    Cleanlab
    Type
    Buyout

    Handshake has acquired Cleanlab to integrate Cleanlab’s data-quality, confident learning, and LLM-evaluation research and technologies into Handshake’s talent and AI services. The acquisition positions Handshake to offer stronger data-quality and model-evaluation capabilities to frontier AI labs and enterprise customers, while Cleanlab’s open-source package will remain available under a more permissive Apache-2.0 license.

  • Buyer
    D-Wave Quantum Inc.
    Target
    Quantum Circuits Inc.
    Type
    Buyout

    D-Wave Quantum Inc. completed its previously announced acquisition of Quantum Circuits Inc. in a $550 million deal, adding error-corrected superconducting gate-model technology to its dual-platform quantum computing roadmap. The combined company is expected to accelerate delivery of scaled, fault-tolerant gate-model systems alongside D-Wave’s already commercial annealing systems, with initial gate-model hardware planned to be generally available in 2026.

  • Buyer
    Apprentice.io
    Target
    Ganymede
    Type
    Buyout

    Apprentice.io has acquired Ganymede, an AI-powered cloud platform that standardizes and automates lab and process data, to extend its manufacturing intelligence platform into wet-lab R&D and diagnostics. The acquisition integrates Ganymede's Lab-as-Code technology into Apprentice.io's Tempo platform to create a continuous digital thread linking instrument-level data, process execution, and manufacturing intelligence from R&D through commercial scale.

  • Buyer
    Duke University Management Company (DUMAC), Teamworthy Ventures
    Target
    DEALSAGE

    DEALSAGE, an AI-native M&A intelligence and analytics platform founded by Mario Mancuso and Louis Citron, received growth investment from Duke University Management Company (DUMAC) and Teamworthy Ventures to support expansion into private equity sponsors, law firms, corporate development teams, and institutional LPs. The funding will accelerate product and go-to-market efforts for DEALSAGE's decision-grade, AI-driven M&A risk and diligence platform; no deal amount was disclosed.

  • Buyer
    Lightning AI
    Target
    Voltage Park
    Type
    Buyout

    Lightning AI has completed a merger with Voltage Park, combining Lightning’s AI software platform and PyTorch Lightning ecosystem with Voltage Park’s large-scale GPU infrastructure to operate under the Lightning AI name. The combined company offers integrated AI software and on‑demand GPU compute (35,000+ GPUs) and reports rapid ARR growth and broad developer adoption.

  • January 20, 2026
    Buyer
    Procore Technologies, Inc.
    Target
    Datagrid
    Type
    Buyout

    Procore Technologies has acquired Datagrid to accelerate its agentic AI strategy and enhance data connectivity across construction tech stacks. Datagrid’s AI reasoning and integrations will be folded into Procore’s platform and offered to both Procore and non‑Procore customers; Datagrid CEO Thiago da Costa will join Procore to lead AI and data strategy. The deal closed in January 2026; financial terms were not disclosed.

  • Buyer
    Pavonis Group
    Target
    CRE Marketing Hub
    Seller
    Ross Jones, Tracee Jones
    Type
    Buyout

    Pavonis Group has acquired CRE Marketing Hub, an AI-driven marketing and deal-preparation platform for commercial real estate professionals. The platform's founders, Ross and Tracee Jones, will continue to collaborate with Pavonis as CRE Marketing Hub is integrated into Pavonis-sponsored RealNex to expand AI-driven workflow and marketing capabilities for CRE clients.

  • Buyer
    Churchill Capital Corp IX
    Target
    Plus Automation, Inc. (PlusAI)
    Type
    Buyout

    Churchill Capital Corp IX (NASDAQ: CCIX) and Plus Automation, Inc. (PlusAI) announced a proposed business combination, with the SEC-declared-effective S-4 serving as a key step toward completion. The SPAC scheduled/rescheduled an extraordinary general meeting of shareholders to vote on the merger, with Nasdaq listing anticipated for the post-combination company under ticker symbols “PLS” and “PLSW.”

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Frequently Asked Questions

Which companies appear most often as buyers in California AI & machine learning acquisitions?

Recent California activity shows recurring buyer names including d-Matrix, IFS, RA Capital, Bloomberg Industry Group, TA Associates, General Atlantic (BeyondNetZero fund), Findem, and Shell Ventures.

What types of AI capabilities are frequently targeted in these California deals?

Common themes include AI observability (monitoring and evaluation), inference deployment/orchestration, inference platform buildouts, and agent or runtime capabilities—often tied to improving performance from development through production.

Are the acquisitions limited to software, or do they include research and hardware-adjacent areas?

They include both. For example, IBM’s agreement to acquire HRL Laboratories is aimed at expanding quantum computing, sensing, and materials research, while other deals focus on AI software platforms for evaluation, monitoring, and deployment.

Where are these deals located geographically?

The listed recent events are described as taking place in California, United States.

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