Shutterstock Forms Shutterstock.AI and Acquires Pattern89, Datasine and Shotzr
July 27, 2021
Shutterstock, Inc. launched a new AI-focused subsidiary, Shutterstock.AI, and acquired three AI-driven creative/marketing platforms — Pattern89, Datasine and Shotzr — for aggregate cash consideration of approximately $35 million. The acquisitions are intended to accelerate Shutterstock's predictive creative, computer vision and content-insights capabilities and commercialize data assets from its large content library.
- Buyers
- Shutterstock.AI, Shutterstock, Inc.
- Targets
- Pattern89, Datasine, Shotzr
- Industry
- AI & Machine Learning
- Location
- United States
- Transaction Type
- Buyout
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