AI Startups
Cognition Scores Windsurf After Mega-Deals With Google & OpenAI Fizzle
Windsurf brings $82 million in annual recurring revenue, boasts over 350 enterprise clients, and hundreds of thousands of daily users.
Acquisition
Meta Acquires Play AI to Power Next‑Gen Voice AI Across Its Platforms
The full Play AI team is expected to join Meta next week.
Acquisition
CoreWeave Buys Bitcoin Giant Core Scientific to Supercharge AI Data Centers
The merger, expected to close in Q4 2024, gives CoreWeave access to over 1.2 GW of power capacity.
Apple Top Exec Considers Buying Perplexity
Perplexity’s price tag would dwarf Apple’s $3 billion Beats deal from 2014.
Netgear Acquires Indian Cybersecurity Startup Exium to Boost Services for MSPs
Exium’s products and expertise will help to add an integrated Secure Access Service Edge (SASE) platform to NETGEAR’s robust network offering.
AMD Acquires AI Startup Brium to Challenge Nvidia’s Dominance
Brium specialises in optimising machine learning applications for inference—the process of running trained AI models—across diverse hardware platforms.
IBM Acquires Seek AI to Boost Enterprise Data Capabilities
Seek’s technology will now power Watsonx AI Labs—IBM’s new Manhattan-based AI accelerator.
Salesforce Acquires Moonhub to Bolster AI Hiring Capabilities
Salesforce has not disclosed the financial terms of the deal.
Snowflake Acquires Open Source PostgreSQL Startup Crunchy Data
The acquisition will lead to the development of Snowflake Postgres, a new offering
Salesforce Announces Informatica Acquisition for $8 bn
Salesforce plans to fund the acquisition with cash and debt, projecting benefits to margins and earnings by year two
Salesforce Acquires Convergence.ai to Bolster Agentforce Platform and AI Capabilities
Once finalised, the acquisition will see Convergence’s team and technology integrated into Agentforce
Databricks Acquires Serverless Postgres Startup Neon
The acquisition is expected to help Databricks eliminate the traditional limitations of databases that force compute and storage to scale together