Tecnotree Acquires CognitiveScale
December 9, 2022
Tecnotree Corporation (Espoo, Finland) has agreed to acquire CognitiveScale, an Austin-based AI engineering platform provider, to expand Tecnotree's AI/ML capabilities and accelerate 5G use-case monetization in North America. The deal is expected to contribute roughly EUR 5 million of ARR in 2023 and is subject to customary conditions, with closing expected in 2022.
- Buyers
- Tecnotree Corporation
- Targets
- CognitiveScale
- Industry
- AI & Machine Learning
- Location
- Texas, United States
- Transaction Type
- Buyout
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