Private Equity-Backed AI & Machine Learning Acquisitions

Brookfield-backed Radiant has merged with and acquired UK AI infrastructure startup Ori to create a vertically integrated AI infrastructure platform backed by Brookfield’s Artificial Intelligence Infrastructure Fund. The combined business — Radiant powered by Ori — will deploy large‑scale, sovereign compute capacity for governments, telcos, hyperscalers and global technology customers, supported by up to $100 billion of program capital.

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.

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.

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 a majority investment in Knexus, an applied AI platform that designs, builds, and operates enterprise-grade AI systems for U.S. defense and civilian agencies. The investment will support Knexus’ growth through business development, technology, and operations to scale its mission-focused AI capabilities for government customers.

Southfield Capital has acquired Contextual.io, an AI orchestration platform and solutions provider, and will integrate the business into its lower-middle-market value creation model. The acquisition embeds Contextual’s AI orchestration and solution delivery capabilities into Southfield’s partnership model to accelerate operational transformation and identify AI-driven investment opportunities; 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.

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.

OfficeSpace Software has acquired Dojo AI, embedding Dojo's patented space-planning and workplace analytics AI into OfficeSpace's workplace management platform. The deal (OfficeSpace is backed by Vista Equity Partners and Resurgens Technology Partners) positions OfficeSpace as an AI operating system for the built environment, accelerating planning cycles, automating planner workloads, and improving occupancy and portfolio optimization.

DigitalNet.ai, formed by technology entrepreneur Dr. Ken Bajaj in partnership with Ulysses Management, launched as an enterprise AI solutions provider following the acquisitions of Harmonic AI, Zillion Technologies and Axis Group. The new, PE-backed company combines a proprietary JanusAI agentic platform with data analytics, digital transformation and cybersecurity capabilities to serve commercial and government clients.

Harvey, a domain-specific AI provider for legal and professional services, has received a €50 million growth investment from EQT Growth to support rapid international expansion. The capital is part of an extended Series E round that follows a $300 million Series E led by Kleiner Perkins and Coatue earlier in 2025.

Baird Capital has made a $53 million growth investment in EvoluteIQ, an AI-native platform that automates end-to-end business processes. The funding will be used to accelerate EvoluteIQ's global expansion and scale its enterprise agentic AI capabilities across industries including banking, insurance, healthcare, telecom and manufacturing.

Longshore Capital Partners completed a strategic growth investment in DemandTec, the AI-powered retail pricing and merchandising software provider, establishing DemandTec as an independent, PE-backed company. The transaction (reported as a sale of the DemandTec business by Acoustic, L.P.) positions DemandTec to accelerate its AI and product investments, expand commercial reach, and deepen leadership in pricing, promotions, markdown optimization and trade fund management for retailers and CPGs.

Level Equity has provided more than £40 million in growth capital to Osprey Flight Solutions to accelerate product development and global expansion. Existing majority investor 24Haymarket and angel investors will remain minority shareholders; the funding will support integration of generative AI and next-generation risk intelligence for airlines, insurers and governments.

Comply365, a portfolio company of Insight Partners and Liberty Hall Capital Partners, has acquired Beams Technology GmbH, a Germany‑based provider of AI-driven safety risk management for aviation. The deal strengthens Comply365’s AI capabilities and advances its strategy to build an AI-powered platform across operations, safety, and training management for its global customers.

Tavily, an AI search layer for agents, raised $25 million in a Series A round led by Insight Partners and Alpha Wave Global. The funding will be used to double headcount, expand go-to-market efforts, and further develop Tavily's real-time web search and extraction infrastructure for enterprise AI agents.

Datasite, the PE-backed global SaaS provider of AI-powered M&A workflow solutions, has acquired Blueflame AI, an agentic AI platform for investment and financial services. Blueflame will join Datasite's Intelligence Unit and continue to be led by co-founder Raj Bakhru, with terms not disclosed and ongoing investment supported by Datasite and its controlling shareholder CapVest Partners.

R/GA has acquired Addition, an AI system design and development studio founded in 2021, to bolster its AI-enabled creative capabilities. The deal — R/GA's first acquisition since becoming an independent, privately held company (in partnership with Truelink Capital) — is intended to expand the agency's AI talent, products, and services for enterprise clients.

Sorcero, an AI-driven life sciences analytics company, has acquired Axiom Health, a real-world data platform focused on the medical technology industry. The Axiom Health platform will be rebranded as Sorcero MedTech to unify medtech and pharmaceutical insights; the transaction was supported by a new investment from First Trust Capital Partners and additional investments from Axiom investors.

Heron, an AI company automating document-heavy workflows for lenders, equipment finance providers and insurers, raised $16 million in a Series A led by Insight Partners with participation from Y Combinator, BoxGroup and Flex Capital. The funding will be used to scale Heron’s engineering and go-to-market teams and expand its AI workflow automation into additional industry verticals and geographies (New York and London).

Synapse ITS has acquired Oko, an AI-driven mobile navigation app for blind and visually impaired pedestrians, and will reinstate it as a free service. The acquisition strengthens Synapse ITS’s accessibility offerings—complementing Polara’s Accessible Pedestrian Signals (APS) and leveraging Oko’s computer-vision and location-based capabilities to improve intersection safety and navigation.

IFS has acquired TheLoops, an autonomous AI agent platform developer, and will embed TheLoops’ agentic capabilities across its industrial cloud suite to deliver an AI agentic workforce for asset‑intensive and mission‑critical industries. The acquisition accelerates IFS’s Industrial AI strategy by turning AI from a co‑pilot into an autonomous digital workforce that can operate within enterprise workflows while preserving security and governance.

Private equity firm Trivest Partners has completed a merger combining FROM Digital and Algoworks Solutions to form the newly branded Algoworks, an AI-native engineering services and experience-transformation firm. Derek Harrar was appointed CEO to lead the integrated business, which serves large enterprise and Fortune 500 clients across multiple regions.

Aryza, a Dublin-based provider of credit and debt lifecycle SaaS, has acquired Webio, an Ireland-based conversational AI platform provider, to integrate advanced AI-driven messaging into Aryza's products. The deal is positioned to expand Aryza's AI capabilities for collections and recovery, enable cross-sell opportunities across its customer base, and accelerate the company's SaaS innovation roadmap.

MaxContact, a portfolio company backed by FPE, has acquired conversational AI platform Curious Thing to strengthen its AI capabilities and accelerate its product roadmap. The acquisition will integrate Curious Thing’s voice AI agents into MaxContact’s contact-centre offerings (including Spokn AI and Success Intelligence) to support sales, debt collection and customer use cases.

Riverwood Capital has completed the acquisition of Quicklizard, an AI-driven pricing optimization platform, in a transaction valuing the company at approximately NIS 186 million. The investment will fund Quicklizard's expansion of Generative AI capabilities and growth into the U.S. and other global markets.

Visma has acquired Lara AI, an Argentine AI-driven employee experience and HR automation platform, to strengthen its HR Tech offering in Latin America and accelerate deployment of AI-driven HR solutions across its customer base. The acquisition adds Lara AI's conversational HR and automation capabilities to Visma's portfolio, supporting faster scaling of AI-powered HR services for Visma customers in the region.

Achilles has acquired InfoControl, a Latin America-based specialist in AI-driven contractor management and document-data extraction, to strengthen its AI capabilities and contractor management offerings. The deal extends Achilles' Controlar solution into Latin America and accelerates the group's ability to deliver intelligent, data-driven supply chain risk and compliance solutions.

Tabhi Inc. acquired substantially all assets of Mondee Holdings, Inc. as part of Mondee's Chapter 11 restructuring, with new equity and credit support from affiliates of TCW Asset Management, Morgan Stanley Investment Management and Wingspire Capital. The transaction reduced Mondee's debt, strengthened liquidity, and resulted in Prasad Gundumogula taking a majority equity stake while Tabhi named Kumar R. Parakala CEO of North America to accelerate AI-powered travel offerings.

Italian sports-technology company K-Sport has acquired a 67% stake in Australian wearable-technology and analytics provider Sports Performance Tracking (SPT). The deal gives K-Sport direct access to SPT’s established customer base in the United States and Asia-Pacific and will combine K-Sport’s AI-driven match analysis with SPT’s commercial presence to accelerate international expansion and product capability development.

FTV Capital has completed a take-private acquisition of Windward, the maritime AI and analytics platform, delisting the company from the London Stock Exchange and establishing it as a privately held U.S. company. FTV will support Windward's product development and U.S. go-to-market expansion, and has joined the company's board to accelerate growth in government and commercial end markets.

SightLine Applications, a developer of sensor processing software backed by Artemis Capital Partners, has acquired Australia-based Athena AI, a specialist in AI-enabled computer vision and decision support for defense applications. The acquisition integrates Athena AI's edge-capable vision models into SightLine's image processing platform, expanding SightLine's product capabilities and presence in Australia to better serve U.S. and allied defense customers.

Sorenson, a leading provider of communications solutions for Deaf and hard-of-hearing people, acquired OmniBridge (an Intel internal venture) and Brazilian AI sign-language translation company Hand Talk to accelerate development of automated sign-language translation capabilities. The deals add complementary AI recognition and avatar-based generation technologies and teams to Sorenson’s existing video-relay and interpretation platform to expand its AI-driven accessibility offerings.

DDN (DataDirect Networks) received a $300 million investment from funds managed by Blackstone Tactical Opportunities at a $5 billion post-money valuation. The growth capital will be used to accelerate DDN's expansion of AI and high-performance computing data intelligence solutions and scale its platform for enterprise, hyperscaler, and cloud customers.

Denver-based private equity firm Rallyday Partners has made a strategic growth investment in Nimble Gravity, a Denver-headquartered AI, data and software engineering consultancy. The capital will be used to scale Nimble Gravity’s team and capabilities to meet rising demand for AI and data-led transformation services across its global offices.

Calabrio has acquired Echo AI, a generative AI-native conversation intelligence platform, to integrate real-time generative-AI conversation insights into its Calabrio ONE suite. The acquisition strengthens Calabrio's AI capabilities for contact centers—improving automated quality management, agent coaching, and CX intelligence across omnichannel interactions.

Hexion Inc. has acquired Smartech, an AI-focused autonomous manufacturing solutions provider. The deal — Hexion's first acquisition in a decade — brings Smartech's SmartWAX, SmartPF and patented SmartMDI technologies into Hexion's portfolio to drive production efficiency, cost savings and sustainability across wood processing and other manufacturing end-markets; terms were not disclosed.

General Atlantic’s BeyondNetZero climate growth fund has made a strategic growth investment in Technosylva, joining existing investor TA Associates to support the catastrophe risk modeling company's continued expansion. The capital will be used to accelerate product development, M&A activity and commercial growth as Technosylva expands its cloud-native, AI-driven simulation and risk solutions for utilities, insurers, government agencies and financial services firms.

ChapsVision has acquired Sinequa, a leader in AI-powered enterprise search and RAG, and simultaneously closed a US$90 million funding round led by Tikehau Capital, Qualium Investissement, Bpifrance, GENEO Capital and Jolt Capital. The deal expands ChapsVision's ArgonOS platform capabilities, accelerates international growth (especially in Europe and North America), and deepens its offering in AI, NLP and enterprise data processing.

n2 Group has acquired X-ISS, a specialist provider of managed High-Performance Computing (HPC) and AI services, adding the company to its portfolio of technical-computing businesses. X-ISS will operate as a standalone business within the n2 Group, retaining its brand while leveraging group synergies to expand its ManagedHPC offering and capabilities for customers in scientific and enterprise AI environments.

Scutum North America, part of the Scutum Group, has integrated Visentry — an AI-powered remote guarding and video monitoring company based in Englewood, New Jersey — into its U.S. business to expand its technology-enabled security offering. The deal adds Visentry’s AI surveillance and remote response capabilities to Scutum’s 360° security and fire protection portfolio as an add-on to the group’s North America platform.