Reddit Acquires Machine-Learning Platform Spell

Reddit Acquires Memorable AI

August 1, 2024

AI & Machine Learning

Reddit has acquired Memorable AI, a creative-testing and AI-driven ad-optimization startup, and has brought on the company’s employees and leadership. The acquisition will integrate Memorable AI’s creative intelligence into Reddit’s ad products to optimize and generate ad creative across formats; terms were not disclosed.

Red Hat Acquires Neural Magic

January 15, 2025

AI & Machine Learning

Red Hat has completed its acquisition of Neural Magic, a developer of software and algorithms that accelerate generative AI inference workloads. Neural Magic's model optimization and inference performance engineering capabilities will be integrated into Red Hat AI to improve cost-effective, high-performing AI deployments across hybrid cloud environments.

Paper Acquires Readlee

March 14, 2023

Education

Paper, the Montreal-based Educational Support System (ESS), has acquired Readlee, an AI- and speech-recognition-powered literacy tool. Readlee will be integrated into Paper's platform as "Paper Reading," expanding Paper's literacy capabilities and making the tool available across Paper’s reach of over 3 million students; the deal involves investors including Kern Venture Group.

Multiverse Acquires Searchlight

April 8, 2024

Software

EdTech company Multiverse has acquired Searchlight, a California-based talent intelligence and skills assessment platform that uses AI to match candidates and close skills gaps. The acquisition will integrate Searchlight's bias-free AI and talent intelligence into Multiverse's apprenticeship and upskilling platform to accelerate AI-driven skills diagnosis and training delivery.

ThoughtSpot Acquires SeekWell

March 31, 2021

Data & Analytics

ThoughtSpot has entered into a definitive agreement to acquire SeekWell, a startup that enables SQL- and script-driven workflows to push cloud-data insights into business applications. The acquisition will let ThoughtSpot customers operationalize analytics—using natural language search to pull data from cloud warehouses, modify it (e.g., in spreadsheets), and automatically sync results back to apps like Salesforce, Slack, and marketing platforms.

Baseten Acquires Parsed

December 10, 2025

AI & Machine Learning

Baseten has acquired Parsed, a reinforcement learning startup specializing in post-training and continual learning, bringing Parsed's research expertise and technology into Baseten's inference platform. The acquisition aims to integrate post-training, evaluation, and continual learning capabilities with Baseten's inference stack to improve model performance and enable specialized, production-grade AI models.