AI & Machine Learning Buyers & Acquisitions in Michigan

Tracked deals

5

5 tracked deals across 2021-2026.

Buyer mix

Strategic-led

6 strategic · 2 pe

Top trend

Volume peaked in 2025

2 tracked deals announced in 2025.

Primary Insight

What Stands Out

  • Siemens Industry Software Inc./Siemens AG is focused on AI for industrial software, combining simulation, HPC, data science and AI with Siemens Xcelerator via the planned Altair acquisition.
  • Healthcare and customer operations appear prominently: PatientNow acquired Recura to integrate conversational AI and booking automation into its practice management platform.
  • Sales-and-analytics enablement is another thread, with Affinity Group acquiring Mascari NXT to embed AI-powered selling across food industry channels.
  • Industrial and workplace intelligence shows up in products that rely on AI-driven sensing and analytics, including VelocityEHS acquiring Kinetica Labs for ergonomics-focused motion-capture and computer vision.
  • Smart building and climate/energy outcomes are reflected in Maverix Private Equity leading a Series B for Detroit-based KODE Labs, with support from TELUS Ventures and I Squared Capital.

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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
Affinity Group 1 North American sales and marketing agency serving retail ... Strategic
I Squared Capital 1 Global infrastructure-focused investment firm investing a... PE
Maverix Private Equity 1 Toronto-based private equity firm providing scale-up capi... PE
PatientNow 1 Provider of integrated practice management, EMR, CRM, mar... Strategic (PE-backed)
Siemens AG 1 Global technology company focused on industry, infrastruc... Strategic
Siemens Industry Software Inc. 1 Industrial software and digital transformation provider w... Strategic
TELUS Ventures 1 Corporate venture / strategic investment arm of TELUS tha... Strategic
VelocityEHS 1 Provider of cloud-based EHS (environmental, health & safe... Strategic (PE-backed)

Acquisition Volume in AI & Machine Learning in Michigan by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for AI & Machine Learning Buyers & Acquisitions in Michigan. 1 2021 1 2024 2 2025 ~2 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Affinity Group Acquires Mascari NXT
    January 13, 2026
    Buyer
    Affinity Group
    Target
    Mascari NXT
    Industry
    AI & Machine Learning
    Location
    Michigan, United States
    Type
    Buyout

    Affinity Group, a North American sales and marketing agency, has acquired Mascari NXT, an AI-driven data integration and analytics company, to embed AI-powered selling into its foodservice and retail offerings. Mascari NXT will operate as a subsidiary—"Mascari NXT, An Affinity Group Company"—with the acquisition intended to expand Affinity Group's customer reach and strengthen its sales enablement and analytics capabilities across food industry channels.

  • PatientNow Acquires Recura AI Growth Engine
    October 31, 2025
    Buyer
    PatientNow
    Target
    Recura
    Industry
    AI & Machine Learning
    Location
    Michigan, United States
    Type
    Buyout

    PatientNow has acquired Recura, an AI-powered growth engine that automates lead response, booking, and retention for aesthetic and elective medical practices. The acquisition will integrate Recura's conversational AI and booking automation into PatientNow's practice management platform to drive appointment conversion and revenue growth while Recura continues to operate standalone for non-PatientNow customers.

  • Siemens Industry Software Acquires Altair Engineering
    March 26, 2025
    Buyer
    Siemens Industry Software Inc., Siemens AG
    Target
    Altair Engineering Inc.
    Industry
    AI & Machine Learning
    Location
    Michigan, United States
    Type
    Buyout

    Siemens has signed an agreement to acquire Altair Engineering Inc. for $113 per share in cash, valuing the deal at about USD 10 billion. The transaction will combine Altair’s simulation, HPC, data science and AI capabilities with Siemens Xcelerator to create a more comprehensive AI-powered industrial software and digital twin portfolio.

  • Maverix Leads $30M Series B in KODE Labs
    April 25, 2024
    Buyer
    Maverix Private Equity, TELUS Ventures, I Squared Capital
    Target
    KODE Labs
    Industry
    AI & Machine Learning
    Location
    Michigan, United States
    Type
    Growth capital

    KODE Labs, a Detroit-based autonomous smart building platform, closed a $30 million Series B round led by Maverix Private Equity with participation from TELUS Ventures and existing investor I Squared Capital. The funding will accelerate KODE's AI and platform development and support geographic expansion as it helps building owners reduce energy use and carbon emissions.

  • VelocityEHS Acquires Kinetica Labs
    July 21, 2021
    Buyer
    VelocityEHS
    Target
    Kinetica Labs
    Industry
    AI & Machine Learning
    Location
    Michigan, United States
    Type
    Buyout

    VelocityEHS, the Chicago-based provider of cloud EHS and sustainability software, has acquired Ann Arbor-based Kinetica Labs, a developer of sensorless motion-capture and computer vision technology for workplace ergonomics. The acquisition brings Kinetica's AI and machine-learning capabilities into VelocityEHS's Industrial Ergonomics solution to accelerate product innovation and automated MSD risk assessments.

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Frequently Asked Questions

Which buyers recur most often in Michigan AI & machine learning deals?

Recurring names on this Michigan page include Siemens Industry Software Inc./Siemens AG, Affinity Group, PatientNow, VelocityEHS, and investors Maverix Private Equity, TELUS Ventures, and I Squared Capital.

What kinds of AI capabilities are buyers trying to add?

The transactions describe AI aimed at simulation and digital twin workflows (Altair Engineering with Siemens), conversational lead response and booking automation (Recura with PatientNow), AI-driven sales enablement and analytics (Mascari NXT with Affinity Group), and computer vision plus AI for workplace ergonomics (Kinetica Labs with VelocityEHS).

Are the Michigan deals limited to acquisitions?

No. The page includes both acquisitions (for example, PatientNow acquiring Recura) and a growth funding round (the Maverix Private Equity-led Series B for KODE Labs).

What Michigan-based application areas show up in these transactions?

The page ties AI to healthcare practices (appointment conversion and booking automation), foodservice and retail selling/analytics, autonomous smart building platforms, workplace ergonomics and MSD risk assessments, and broader industrial digital twin and simulation software.

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