Week Ending 01.27.19
ENVESTNET ACQUIRES ABE AI
DISCO RAISES USD 83M
HAVAS HIRES CANADA HEAD
AND MORE ↓
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MERGERS AND ACQUISITIONS
Envestnet, the Redwood City, California-based fintech company using AI, said it acquired Abe AI, which is developing natural language processing technology.
Cision, the Chicago, Illinois-based communications firm, said it acquired TrendKite, a marketing firm using AI.
CoreView, the Alpharetta, Georgia-based software developer, said it acquired natural language processing firm TermSet.
And Dallas, Texas-based Dynata said it is acquiring Reimagine.
FILINGS
No S-1s were filed.
FUNDING
DISCO, the Austin, Texas-based legal services firm using AI, said it raised USD 83m in a funding round led by Georgian Partners.
Sherpa.ai, the Bilbao, Spain-based digital assistant developer using AI, said it raised USD 8.5m in a Series A led by Mundi Ventures.
Ontic Technologies, the Austin, Texas-based security services firm using AI, said it raised USD 4.65m in a seed financing led by Silverton Partners. The company is developing technology to predict violence.
Other deals include Teach on Mars and district m
PEOPLE
Havas Creative, the New York City-based marketing firm using AI, said it has promoted Melody Adhami to CEO of its Canada division. Adhami was the Canada COO.
Blue Jeans Network, the Mountain View, California-based video communications platform, said it hired Guillaume Vives as chief product officer. Vives will build out the AI and machine learning-based technology the company uses.
Behavox, the New York City-based AI company, said it brought in a former SEC official and a former Atlassian executive as independent board advisors.
And Apple cut 200 employees from its autonomous driving unit, according to a CNBC report.
Other hiring included Nubox