Algolia Acquires Velou

MongoDB Acquires Voyage AI

February 24, 2025

AI & Machine Learning

MongoDB, Inc. has acquired Voyage AI, a developer of advanced embedding and reranking models, to integrate high-quality retrieval capabilities into MongoDB's data platform and help customers build more trustworthy AI applications. The deal (reported at approximately $220 million) brings Voyage AI's models and team into MongoDB to improve accuracy and reduce hallucinations for mission-critical AI use cases.

Vehlo Acquires Shop-Ware

March 13, 2024

Software

Vehlo, a provider of software and financial solutions for the automotive repair industry, has acquired Shop-Ware, a cloud-based shop management platform for independent repair shops. The acquisition expands Vehlo's aftermarket product suite with Shop-Ware's automation, customer communication (DVX) and ML-driven Parts GP Optimizer capabilities.

R Systems Acquires Velotio

June 7, 2023

IT Services

R Systems has signed a definitive agreement to acquire Velotio, an India-based product engineering and digital solutions provider with 300+ engineers. The acquisition will deepen R Systems' engineering and delivery capabilities—including cloud, DevOps, data engineering and generative AI—and expand its India delivery presence in Pune.

Vehlo Acquires Rapid Recon and Velocity Automotive

January 23, 2023

Software

Vehlo, a provider of software and financial solutions for the automotive repair industry, has acquired Rapid Recon and Velocity Automotive to extend its Dealership Fixed Ops customer experience suite into reconditioning-to-retail workflows. The acquisitions add Rapid Recon's reconditioning workflow automation and Velocity Automotive's digital merchandising tools, enabling Vehlo to provide end-to-end fixed ops solutions for dealers.

Algolia Acquires Search.io (Neuralsearch) to Build Hybrid Keyword + Vector Search API

September 12, 2022

AI & Machine Learning

Algolia has acquired Search.io, the maker of Neuralsearch, to combine keyword search and vector-based semantic search into a single API. The deal integrates Search.io's vector search technology into Algolia's API-first Search & Discovery platform to improve semantic and image search capabilities and lower vector search costs for retailers and other customers.

OpenVault Acquires VelociData

December 8, 2021

Data & Analytics

OpenVault, a Hoboken, New Jersey-based provider of broadband analytics and revenue-optimization solutions, has acquired VelociData, a St. Louis–area developer of streaming data and real-time analytics technology. The deal combines OpenVault's broadband SaaS and analytics footprint with VelociData's R&D and streaming-compute capabilities to accelerate closed-loop automation, expand market reach (including the United States and Latin America), and enhance product offerings for cable, fiber and wireless operators.