Silverback United Acquires Headstart AI (Headstart.io)
August 18, 2022
Silverback United, Inc. completed an all-stock acquisition of UK-based Headstart AI, Inc. (Headstart.io) in a transaction announced Aug. 18, 2022, described as a $14 million acquisition. Headstart will remain an independent, wholly owned subsidiary headquartered in London; Silverback's CEO Ron Bienvenu will serve as interim CEO of Headstart while co‑founder Nicholas Shekerdemian joins Silverback’s board. Spear Point Advisors served as Silverback’s exclusive financial advisor, and the deal is intended to accelerate Silverback’s data-asset strategy and expand Headstart’s access to the U.S. market.
- Buyers
- Silverback United, Inc.
- Targets
- Headstart AI, Inc. (Headstart.io)
- Industry
- AI & Machine Learning
- Location
- England, United Kingdom
- Transaction Type
- Buyout
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