Tracked deals
6
6 tracked deals across 2021-2026.
AI & Machine Learning Buyers & Acquisitions in Michigan
Buyer mix
Strategic-led
6 strategic · 3 pe
Top trend
Volume peaked in 2026
2 tracked deals announced in 2026.
Primary Insight
What Stands Out
- Affinity Group acquired Mascari NXT to embed AI-powered data integration and analytics into its foodservice and retail sales enablement.
- PatientNow acquired Recura to integrate conversational AI and booking automation into its practice management platform, with Recura continuing to operate standalone for other customers.
- Siemens Industry Software Inc. (with Siemens AG) agreed to acquire Altair Engineering Inc. to combine simulation, HPC, data science, and AI with Siemens Xcelerator for digital twin and industrial software.
- VelocityEHS acquired Kinetica Labs to bring AI and machine-learning capabilities (sensorless motion-capture and computer vision) into Industrial Ergonomics.
- Deal activity in Michigan includes both acquisitions and growth investment rounds involving Maverix Private Equity, TELUS Ventures, and I Squared Capital (e.g., KODE Labs).
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| ACP Holdings Acquisition Corp | 1 | SPAC affiliated with Atlas Credit Partners that sponsors ... | PE |
| 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
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
September 18, 2026
- Buyer
- ACP Holdings Acquisition Corp
- Target
- May Mobility
- Industry
- AI & Machine Learning
- Location
- Michigan, United States
- Type
- Buyout
May Mobility, an autonomous ride-hail technology company, agreed to go public through a business combination with ACP Holdings Acquisition Corp in a deal implying about a $1.4 billion pro forma enterprise value. The transaction is expected to provide up to $337 million in gross proceeds, including amounts from ACP Holdings’ trust account (subject to redemptions) and a $120 million fully committed PIPE, with closing expected by the end of 2026.
-
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.
-
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.
-
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.
-
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.
-
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
What kinds of AI & machine learning capabilities are being acquired in Michigan?
Common themes include AI-driven analytics and data integration, conversational AI for lead response and booking automation, and AI for industrial uses such as computer vision, ergonomics, simulation, and digital twin–related software.
Which recurring buyers show up in Michigan AI & machine learning transactions?
Notable recurring buyer names across the listed events include Affinity Group, PatientNow, Siemens Industry Software Inc./Siemens AG, VelocityEHS, and Maverix Private Equity (along with TELUS Ventures and I Squared Capital in one financing round).
Are these deals limited to one industry vertical?
No. The page’s transactions touch industrial software and engineering (Siemens/Altair), healthcare practice enablement (PatientNow/Recura), and workplace/enterprise sustainability and ergonomics (VelocityEHS/Kinetica Labs), plus enterprise smart building automation in a funding round (KODE Labs).
Do the events include both acquisitions and funding rounds?
Yes. In addition to acquisitions (e.g., Affinity Group/Mascari NXT and PatientNow/Recura), the page also features a growth investment round led by Maverix Private Equity for KODE Labs.
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