Tracked deals
182
182 tracked deals across 2019-2026.
Tracked deals
182
182 tracked deals across 2019-2026.
Buyer mix
Mixed buyer set
169 pe · 119 strategic
Top trend
Volume peaked in 2026
40 tracked deals announced in 2026.
Buyer Snapshot
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Insight Partners | 5 | Global software investor providing growth equity and expa... | PE |
| FTV Capital | 3 | Growth equity investment firm focused on enterprise techn... | PE |
| MML Capital Partners | 3 | International mid-market private equity investor that par... | PE |
| Qlik | 3 | Provider of an end-to-end, real-time data integration and... | Strategic (PE-backed) |
| Trive Capital | 3 | Dallas-based private equity firm that invests equity and ... | PE |
| Boathouse Capital | 2 | Private equity firm investing in high-growth middle-marke... | PE |
| CUBE | 2 | Provider of Automated Regulatory Intelligence (RegTech) R... | Strategic (PE-backed) |
| Carlyle | 2 | Global investment firm deploying private capital across p... | PE |
| Hg | 2 | Investor focused on European and transatlantic technology... | PE |
| IFS | 2 | Provider of enterprise cloud and Industrial AI software (... | Strategic (PE-backed) |
Last 8 years
Supporting Data
May Mobility, an autonomous ride-hail technology company, agreed to go public through a business combination with ACP Holdings Acquisition Corp in a deal implying about a $1.4 billion pro forma enterprise value. The transaction is expected to provide up to $337 million in gross proceeds, including amounts from ACP Holdings’ trust account (subject to redemptions) and a $120 million fully committed PIPE, with closing expected by the end of 2026.
Cegid and Silae announced plans to merge in a transaction expected to value the combined company at more than €10 billion enterprise value. The deal is intended to create an integrated European platform spanning accounting, tax, payroll and HR software, plus e-invoicing and digital finance/payments capabilities (including Cegid’s Shine products).
FORT Robotics, a safety platform for Physical AI, entered into a definitive business combination with Newbury Street II Acquisition Corp to form a publicly traded company. The combined company, expected to be named FORT Robotics Holdings, Inc., is valued at an implied pro-forma enterprise value of $556.6 million and is expected to close in Q4 2026, subject to customary approvals.
Oakley Capital, via its Fund VI, acquired a majority stake in Graphwise to help enterprises “ground AI” using verified enterprise data. Graphwise’s founders and management will continue to lead the company as Oakley supports commercial expansion and pursuing selective strategic acquisitions.
Verix Equity Partners announced a strategic investment in Syntasa, a sovereign agentic AI and data platform deployed across commercial and government enterprises. The deal is Verix’s inaugural platform investment, and Syntasa founder Jay Marwaha will continue leading the company as CEO while retaining significant ownership.
Conversica launched Ignite, an AI-native revenue activation engine for automotive dealers and dealer groups, connecting customer, vehicle, sales, service, and conversation data into a single context layer. The company also announced a majority recapitalization led by a fund managed by Morgan Stanley Expansion Capital, which will acquire a majority stake while Conversica management continues to lead and retain significant ownership.
Falfurrias Growth Partners made a growth investment in FactorLab to accelerate the company’s AI-powered safety and operations risk intelligence platform for construction, utilities, energy, and industrial operations. The investment will fund continued development of FactorLab’s proprietary AI/ML technology, expand its commercial organization, and support entry into adjacent industries. Financial terms were not disclosed.
Raintree Systems, backed by Serent Capital, has acquired Spike Technologies, a developer of agentic AI voice technology for healthcare. The acquisition embeds AI voice agents into Raintree’s EHR/practice-management platform to automate labor-intensive revenue cycle and patient engagement workflows, including payer calls, claim follow-ups, eligibility and prior authorization, and patient outreach; financial terms were not disclosed.
Straive, a data and AI operationalization services provider, announced its acquisition of NextGen Invent, an AI engineering and enterprise services company. The deal is aimed at expanding Straive’s ability to develop, deploy, and scale AI solutions for complex enterprise workflows, leveraging NextGen Invent’s forward-deployed engineering model and vertical expertise in life sciences and manufacturing.
Montagu agreed to acquire a majority stake in BMC Helix in a carve-out transaction from BMC Software, which is owned by funds managed by KKR. KKR will retain a minority stake in BMC Helix, while BMC Software will continue under KKR ownership.
Flatirons Solutions, a portfolio company of TELEO Capital Management, acquired enterprise AI platform Scope AR. Scope AR will operate under the Flatirons Solutions brand and the combined company will be headquartered in Boulder, Colorado.
Robseek Intelligence Inc. has entered into an Agreement and Plan of Merger with QuasarEdge Acquisition Corporation and its SPAC-related subsidiaries, under which Robseek will merge into QuasarEdge so the combined company becomes publicly traded. The announcement values Robseek at an implied pre-money equity value of approximately $1 billion and is subject to regulatory, shareholder, SEC registration statement effectiveness, and exchange listing approval.
SewerAI, an AI platform for sewer and underground infrastructure intelligence, announced a major strategic growth equity investment led by JMI Equity. The round includes continued participation from Innovius Capital, Epic Ventures, and Bentley Systems, with funds intended to accelerate AI-driven inspection, assessment, rehabilitation planning, and asset management capabilities.
Neurealm, an AI-first technology services company backed by Kedaara Capital, announced the acquisition of Veersa. The deal expands Neurealm’s healthcare portfolio and accelerates its push toward Agentic AI by combining Veersa’s AI modernization delivery with Neurealm’s AI platform, NeuGAIN.
Terra Quantum AG entered a definitive business combination agreement with Axiom Intelligence Acquisition Corp 1 to take the quantum technology company public on Nasdaq under the ticker symbol “TQ.” The deal values Terra Quantum at an implied equity valuation of approximately $3.5 billion (and implied pro forma enterprise value of about $3.6 billion, assuming no redemptions).
Kaos Capital Ltd. acquired a 4.9% stake in BioRestorative Therapies, Inc. (NASDAQ: BRTX) through open-market purchases. The hedge fund says BRTX should consider a comprehensive strategic review and potentially pivot into broader AI opportunities, and it plans to seek an immediate meeting with the board to discuss strategy and governance.
Anthropic’s Blackstone- and Hellman & Friedman-backed enterprise services joint venture acquired Fractional AI, an applied AI implementation firm based in San Francisco. The acquisition provides the new (as-yet-unnamed) venture with Fractional’s delivery team to help midsize businesses deploy Anthropic’s Claude into core operations.
FortyAU, a Nashville-based digital engineering and AI solutions firm, announced its acquisition of Ronin Consulting, a Nashville software engineering and AI development firm focused on enterprise clients in healthcare, financial services, and defense. The companies said the combination expands FortyAU’s AI and data capabilities, engineering talent, and account management discipline; financial terms were not disclosed.
Bounteous, a New Mountain Capital-backed AI services firm, announced it will acquire Cartesian, a specialist consulting firm focused on telecommunications, media, and technology, to strengthen data, analytics, and enterprise AI capabilities. The deal is aimed at addressing enterprise “data foundations” challenges that determine whether AI investments translate into measurable business outcomes.
Photonic Inc. announced the final close of an investment round of over $200 million USD (about $275 million CAD), bringing total capital raised to over $350 million USD. The round is led by Planet First Partners and includes new investors Business Development Bank of Canada (BDC), Export Development Canada (EDC), Bell Ventures, Firgun Ventures, InBC Investment Corp., and existing investor Mubadala Capital, with Evercore as sole placement agent.
Riffle Resilience, an AI company focused on operational resilience, launched its application on the Atlassian Marketplace during Team '26 with investment from Atlassian Ventures. The funding supports continued development of an Atlassian-native platform that embeds resilience into everyday operational workflows (e.g., Jira and Jira Service Management).
Teamworks, the operating system for elite sports, announced a growth investment led by Hg that more than doubles Hg’s total investment in the company to $200 million. The round, which also includes participation from AllianceBernstein, pushes Teamworks’ valuation to above $1.5 billion and is aimed at accelerating AI and data infrastructure and further sports-tech acquisitions.
Booz Allen Hamilton’s corporate venture arm, Booz Allen Ventures, made a strategic Series A investment in NODA AI, an Austin, Texas-based autonomy orchestration company. NODA AI provides an integration layer that enables military operators to orchestrate heterogeneous, multi-domain autonomous systems across platforms and providers.
Banneker Partners announced a platform investment in ResFrac Corporation, which develops a fully integrated reservoir simulation and hydraulic fracturing software platform. The investment is intended to support ResFrac’s ongoing platform innovation, expansion into adjacent capabilities, and scaling of its team and roadmap.
IntusCare, an AI-powered technology platform for Program of All-Inclusive Care for the Elderly (PACE) and complex senior care providers, announced a majority growth investment and partnership with Blue Star Innovation Partners. The investment is intended to accelerate development of IntusCare’s end-to-end ecosystem using AI, automation, and analytics to support scaling compliant technology nationwide.
Boulder Imaging, a provider of ultra-high speed machine vision technologies for wind energy and manufacturing, received a significant growth investment from Lime Rock New Energy (LRNE). The recapitalization is intended to accelerate Boulder Imaging’s global growth, product innovation, and entry into new markets and industry verticals, while founder-CEO Carlos Jorquera and President/COO Don Mills retain meaningful ownership.
Ashton Kutcher’s venture firm, Sound Ventures, invested $30 million in OpenAI in 2019. The stake is now reportedly valued at about $1.3 billion based on a recent funding round valuing OpenAI at $852 billion.
Riveron, a business advisory firm backed by Kohlberg, announced a strategic investment and growth partnership with Cuesta Partners. The deal combines Riveron’s finance and CFO-focused advisory capabilities with Cuesta’s AI and data technology services to deliver AI-native solutions to middle-market clients.
Woven Solutions announced it has acquired Valence as part of its strategy to add commercial technology capabilities to its national security software portfolio. Valence provides mission planning, operational technology integration, and strategic communications capabilities, including offerings such as Valence Playbook and Valence Fusion focused on responsible, secure AI integration.
Private equity funds affiliated with Blackstone, together with co-investors, entered into definitive agreements to invest in Neysa, enabling a total $1.2 billion capital raise. The funding is intended to accelerate the buildout of India’s AI infrastructure, including scaling deployment of more than 20,000 GPUs across India.
Dallas-based private equity firm Trive Capital has made an investment in PavCon, a provider of predictive analytics and decision‑support software serving U.S. defense customers. The partnership will fund PavCon’s growth—investing behind its talent, technology and scalable operating model—to accelerate delivery of AI-driven predictive solutions; financial terms were not disclosed.
Trax Ltd. has divested its non-China Image Recognition (IR) business to an affiliate of Gemspring Capital. The acquired unit will be merged with FORM (creators of GoSpotCheck and FORM OpX) to form a combined company focused on retail execution and shelf intelligence, while Trax Ltd. retains Shopkick, Survey and LenzTech and pursues a more focused portfolio strategy.
Apptronik, a human-centered robotics company, closed a $520 million Series A-X extension round following an oversubscribed initial Series A raise in 2025, bringing its Series A total to more than $935 million. The new funding will ramp production of its Apollo humanoid robot and expand global commercial and pilot deployments across manufacturing and logistics (with future expansion planned for retail and healthcare).
Woven Solutions, a provider of AI-enabled mission software for the national security community, announced it has acquired Apira Technologies. Apira develops software tools for sensitive cyber and information operations, including capabilities in computer vision, machine learning, and AI systems used for synthetic media detection and secure digital engagement.
Sauvegarder Investment Management (SIM IP) and AI-driven patent intelligence firm Garden Intel have closed a merger that values Garden Intel at $150 million. The combined company will operate under the SIM IP brand, integrating Garden's agentic AI infrastructure with SIM IP's IP monetization platform to scale patent-based investing and prepare for the public markets.
MiddleGround Capital acquired Pi Innovo from Dana Incorporated and will integrate Pi Innovo into its portfolio company, New Eagle. Pi Innovo designs and develops open platform electronic control systems and control software, complementing New Eagle’s proprietary hardware and software controls technology and Raptor toolchain.
Banyan Software has acquired Gini, a Munich-based provider of AI-driven document-intelligence and payment solutions for banks, insurers and e-commerce businesses. Gini will continue to operate independently with its leadership and brand intact while Banyan provides long-term capital, operational support and resources to expand Gini’s product and market reach across banking, private health insurance and e-commerce.
DC Capital Partners announced it has made a majority investment in Knexus, an applied AI provider serving complex, mission-critical U.S. government programs. The investment is intended to support Knexus’s next phase of growth across business development, technology, and operations.
Southfield Capital acquired Contextual.io, an AI orchestration platform and AI solutions provider, and plans to embed its capabilities into Southfield’s lower-middle-market partnership/value-creation model. Financial terms were not disclosed.
ConnectWise has acquired zofiQ, an agentic AI company that automates high-volume MSP service desk operations, embedding zofiQ agents into ConnectWise PSA workflows. The acquisition is intended to accelerate ConnectWise's "Age of Autonomous Service," extend agentic automation across its platform (PSA, RMM, cybersecurity, data protection), and help MSP partners scale service delivery without proportionally increasing headcount.
KMS Technology, a U.S.-based digital engineering and AI services firm, has acquired Addepto, a fast-growing AI and data consulting company headquartered in Warsaw, Poland. The acquisition expands KMS's AI and data engineering capabilities and extends its direct presence in Europe while giving Addepto access to broader international markets and enterprise clients.
Seven2, a Pan‑European mid‑market private equity firm, has acquired a majority stake in French AI software and consulting firm ILLUIN Technology, with CEO and co‑founder Robert Vesoul retaining a significant stake. The investment—made via Apax Development Fund II—will support ILLUIN’s product and R&D scaling, commercial expansion and European growth.
Cision has acquired Trajaan, a Paris-based search intelligence platform, to accelerate Cision's AI and data strategy and integrate always-on, geo-localized search behavior and generative AI analytics across its products. The deal builds on a prior Brandwatch–Trajaan partnership and aims to give marketing, communications and insights teams unified, predictive visibility into consumer intent and trend formation.
Perceptive Capital Solutions Corp (PCSC) and Freenome Holdings agreed to merge in a SPAC transaction that is expected to take the cancer-detection company public, providing approximately $330 million in fresh capital (assuming no redemptions). The deal includes a $240 million PIPE led by Perceptive Advisors and RA Capital and is expected to close in the first half of 2026 / July 2026 subject to approvals and customary conditions.
SAI360 has acquired Plural Policy, an AI-driven regulatory intelligence company that applies LLMs to analyze legislative and regulatory text at scale. The deal integrates Plural's legislative AI capabilities into SAI360's Regulatory Compliance Management module to expand AI-native compliance features; financial terms were not disclosed.
d-Matrix raised $275 million in an oversubscribed Series C led by Bullhound Capital, Triatomic Capital and Temasek, valuing the company at about $2.0 billion. The round — which included new investors QIA and EDBI and follow-on participation from M12, Mirae Asset, Industry Ventures and Nautilus Venture Partners — will fund product roadmap acceleration, global expansion and large-scale deployments of its AI inference data center platform.
Glassbox, a provider of digital experience analytics, has acquired Anodot, a real-time anomaly detection company that uses unsupervised machine learning. The integration will embed Anodot’s anomaly-detection engine into Glassbox’s platform to provide earlier, more granular detection of user-behavior, performance and business anomalies for enterprise customers.
PatientNow has acquired Recura, an AI-powered growth engine that automates lead response, booking, and retention for aesthetic and elective medical practices. The acquisition will integrate Recura's conversational AI and booking automation into PatientNow's practice management platform to drive appointment conversion and revenue growth while Recura continues to operate standalone for non-PatientNow customers.
CUBE has acquired Kodex AI, a Berlin-headquartered startup that builds agentic AI for regulatory compliance and risk management. The deal adds Kodex AI's agent-based AI capabilities and Berlin-based team to CUBE's RegPlatformTM, expanding CUBE's AI capabilities and European footprint; financial terms were not disclosed.
Marlin Equity Partners completed a growth investment in Intelligent Locations, a Raleigh-based provider of AI-powered real-time location system (RTLS) software for healthcare organizations. The funding will support further development of Intelligent Locations' INTRAX platform; First Analysis also participated while founder Bogdan Nedelcu and HealthX Ventures will retain significant stakes.
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