Tracked deals
9
9 tracked deals across 2019-2026.
AI & Machine Learning Buyers & Acquisitions in Maryland
Buyer mix
Mixed buyer set
5 pe · 5 strategic
Top trend
Volume peaked in 2023
2 tracked deals announced in 2023.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Applied Insight | 1 | Provider of cloud, advanced analytics, AI and cybersecuri... | Strategic (PE-backed) |
| Arrowroot Acquisition Corp. | 1 | SPAC sponsored by Arrowroot Capital focused on enterprise... | PE |
| Arrowroot Capital Management | 1 | Enterprise software-focused private equity firm sponsorin... | PE |
| Attain Capital Partners | 1 | Private equity firm investing in growth-stage, technology... | PE |
| BigBear.ai | 1 | AI and machine learning decision-support platform provide... | Strategic |
| Boathouse Capital | 1 | Philadelphia-area private equity firm investing in high-g... | PE |
| Fasoo | 1 | Enterprise AI and security products/services focused on s... | Mixed |
| GigCapital4, Inc. | 1 | Private-to-public equity (PPE) SPAC intended to merge wit... | Mixed |
| Konsilix | 1 | Enterprise AI software and consulting for secure, data-in... | Mixed |
| Renesas Electronics Corporation | 1 | Global semiconductor company providing microcontrollers, ... | Strategic |
Acquisition Volume in AI & Machine Learning in Maryland by Year
Last 6 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
March 23, 2026
- Buyer
- Fasoo, Konsilix
- Target
- Fasoo, Konsilix
- Industry
- AI & Machine Learning
- Location
- Maryland, United States
- Type
- Buyout
Fasoo and Konsilix have entered into an agreement in principle to combine their businesses and form Symbologic, a new enterprise AI company. The companies expect to finalize definitive agreements and complete the transaction by the end of April, subject to customary closing conditions.
-
- Buyer
- Arrowroot Acquisition Corp., Arrowroot Capital Management
- Target
- iLearningEngines
- Industry
- AI & Machine Learning
- Location
- Maryland, United States
- 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.
-
April 13, 2023
- Buyer
- Boathouse Capital
- Target
- Cardinality.ai
- Industry
- AI & Machine Learning
- Location
- Maryland, United States
- Type
- Growth capital
Boathouse Capital completed a growth investment in Cardinality.ai, a government-technology focused AI SaaS provider, to accelerate product innovation and expand go-to-market efforts. Cardinality.ai, which serves state-level health and human services agencies in five states and across eleven agencies (serving 23M+ constituents), will use the capital to scale its built-for-government AI SaaS solutions.
-
- Buyer
- Renesas Electronics Corporation
- Target
- Reality Analytics, Inc. (Reality AI)
- Industry
- AI & Machine Learning
- Location
- Maryland, United States
- Type
- Buyout
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.
-
February 23, 2022
- Buyer
- Attain Capital Partners
- Target
- Cardinality.ai
- Industry
- AI & Machine Learning
- Location
- Maryland, United States
- Type
- Growth capital
Attain Capital Partners led Cardinality.ai's first external investment round, taking a minority/growth stake and joining the company's board to support expansion. Cardinality.ai, a GovTech-focused AI SaaS provider, will use the funding and new leadership to accelerate product growth and scale impact for state and local government programs.
-
December 7, 2021
- Buyer
- BigBear.ai, GigCapital4, Inc.
- Target
- BigBear.ai, GigCapital4, Inc.
- Industry
- AI & Machine Learning
- Location
- Maryland, United States
- Type
- Growth capital
BigBear.ai completed its previously announced business combination with SPAC GigCapital4, resulting in the combined company operating as BigBear.ai Holdings, Inc. on the NYSE under ticker symbols “BBAI” and “BBAI.WS.” The transaction values BigBear.ai at a $1.378 billion pro forma enterprise value and is positioned to expand AI/ML decision-support across defense, intelligence, and commercial markets.
-
September 30, 2021
- Buyer
- dMY Technology Group, Inc. III
- Target
- IonQ, Inc.
- Industry
- AI & Machine Learning
- Location
- Maryland, United States
- Type
- Buyout
dMY Technology Group, Inc. III completed its previously announced business combination with IonQ, Inc., and the combined company began trading on the NYSE under the ticker IONQ on October 1, 2021. The transaction provided IonQ with approximately $636 million in gross proceeds to fund growth and accelerate commercialization of its trapped‑ion quantum computing systems and cloud services.
-
March 25, 2020
- Buyer
- Sumitomo Corporation of Americas (SCOA), Sumitomo Corporation
- Target
- Origin Wireless
- Industry
- AI & Machine Learning
- Location
- Maryland, United States
- Type
- Growth capital
Sumitomo Corporation of Americas (SCOA) announced a strategic investment in Origin Wireless to accelerate the company's integration of its AI-enabled Wi‑Fi sensing technology with 5G and expand its product offerings. The partnership positions SCOA to apply Origin’s wireless AITM solutions across Sumitomo’s diverse businesses — from healthcare and security to logistics and infrastructure — unlocking new go-to-market opportunities.
-
- Buyer
- Applied Insight, The Acacia Group
- Target
- Applied Technology Group (ATG), Stratus Solutions
- Industry
- AI & Machine Learning
- Location
- Maryland, United States
- Type
- Addon
Applied Insight, an Acacia Group-backed federal technology services provider, has acquired Applied Technology Group (ATG) and Stratus Solutions to bolster its cloud, analytics and artificial intelligence capabilities for intelligence, defense and federal civilian customers. The add-ons (ATG ~80 employees; Stratus ~100 employees) expand AI's mission-focused capabilities in machine learning, high-scale cloud infrastructure, DevOps and cybersecurity.
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