Week Ending 01.13.19
MOTOROLA SHELLS OUT USD 445M FOR AI ACQUISITION
NASDAQ SEEKS MACHINE LEARNING EXPERTISE
VC FUNDING DROPS QUARTER ON QUARTER
AND MORE ↓
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MERGERS AND ACQUISITIONS
AppFolio, the Santa Barbara, California-based business software developer, said it acquired Dynasty Marketplace, the AI software developer focused on real estate. Terms weren’t disclosed.
Motorola Solutions, the Chicago, Illinois-based telecommunications firm, said it acquired VaaS International, the data and image analytics company using AI, for USD 445m in cash and shares.
There were no filings among the deals we are tracking last week.
Exscentia, the Oxford, UK-based drug developer using AI, said it raised USD 26m in a Series B that included Celgene, which is being acquired by Bristol-Myers Squibb for USD 74bn.
LEGAL & REGULATORY
The US Federal Drug Administration is accelerating AI-backed approvals for medical imaging, according to a Regulatory Review report.
The European Union has pledged EUR 20m (USD 23m) for a program aimed at developing better links between researchers and the AI industry, according to a novinaite.com report.
Mignon Clyburn, the former chair of the US Federal Communications Commission, is joining the National Security Commission on Artificial Intelligence, according to a B+C report.
Nasdaq, the New York-based stock exchange, is looking to hire a blockchain and machine learning software developer, according to a CoinGape report.
Venture capital funding in AI dropped in the US to USD 2.4bn in the fourth quarter last year compared to USD 2.7bn in the third, according to a report from PwC and CB Insights. Funding volume had risen in the first three quarters of 2018.