Business, News

Dealwire – Uber Acquires Geometric Intelligence to Build an AI Lab and More Tech M&A Deals

Dealwire is a quick dose of notable tech M&A and partnership deals in business and technology space. Firms covered in this segment include Uber, Geometric Intelligence, Next Education, Xolvr, Indegene, Encima Group, GoDaddy, WP Curve, Shopify, Tiny Hearts, Twitter, Yes Inc, AngelList and Product Hunt.

Uber Acquires Geometric Intelligence to Build an AI Lab

Uber is buying a startup called Geometric Intelligence to create an AI research lab. Geometric Intelligence was founded 2 years ago, and has been doing research on developing new machine learning techniques that require less data sets. Its entire 15 membered team will form the initial core of the AI Labs at Uber. Read More

EduTech Firm Next Education Acqui-hires Xolvr

Hyderabad-based education technology firm Next Education, has acquired eLearning startup Xolvr for an undisclosed amount. Xolvr was founded in February 2016 by Aamir Mojeeb and Mohammed Aqib, who will now join Next Education team. Read More

HealthTech Firm Indegene Buys US-Based Encima Group

Bangalore-based healthcare technology firm Indegene Lifesciences, has acquired life science omnichannel marketing automation and analytics provider – Encima Group. The deal is reportedly worth $16 million. This is Indegene’s third acquisition within the last one year, and is aimed at strengthening its omni-channel analytics capabilities for medical organisations. Read More

GoDaddy Acquires WordPress Services Firm WP Curve

GoDaddy has acquired three year old WordPress service provider firm – WP Curve. This will help the web-hosting firm to expand its offerings to enterprises. WP Curve claims to have resolved over 105,000 WordPress problems for its users till date. It has membership plans starting from $79 per month, and has over 1,000 paying users. Read More

Shopify Buys App Maker Tiny Hearts

eCommerce SaaS company, Shopify, has bought Toronto-based app maker – Tiny Hearts. The latter was founded in 2010 by Robleh Jama, and has developed several apps including Next Keyboard and Wake Alarm. It has been working with Shopify on different projects for quite some time, now its 6 person product team would be joining Shopify. Read More

Twitter Acquires Social Media App Maker Yes Inc

Twitter has acquired 2 year old startup, Yes Inc, for an undisclosed amount. The move has primarily been aimed at hiring its founder Keith Coleman as vice president of product. While the rest of the team would also be merged into Twitter, all of its social media apps would be shut down. Read More

AngelList Acquires Product Hunt

Startup fundraising and recruitment portal, AngelList, has acquired tech product discovery platform – Product Hunt. It was a cash & stock acquisition, financial details of the deal haven’t been disclosed. Product Hunt will continue to operate independently post the acquisition. It was founded by Ryan Hoover in November 2013. Read More

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