These AI acquisitions can add great value to the companies
Many Artificial Intelligence companies are excelling well in lending support to their customers with an increasing demand for AI. With this even AI acquisitions have also become quite popular these days. Several well-known tech giant companies are acquiring AI companies and startups to add great value to their clients. Here are the latest AI acquisitions in 2021 that you must know.
Top AI Acquisitions in August
Cisco acquires Epsagon
Cisco announced that it was acquiring Israeli AI applications-monitoring startup Epsagon which was pegged at the US $ 500 million. This acquisition comes after two other high-profile app-monitoring deals for Cisco, after acquiring AppDynamics in 2018 for US $ 3.7 billion and ThousandEyes which was acquired last year for the US $ 1 billion. Epsagon is built from the ground up to monitor modern applications built with containers and Kubernetes giving users metrics and tracing. This is one of the latest and top AI acquisitions.
Microsoft acquires Peer5
Microsoft is working to accelerate its live video streaming in Teams by acquiring an AI firm, Peer5, an electronic content-delivery network (eCDN). Peer5 runs in browsers to optimize bandwidth usage for line-of-business applications and has mesh networks that can automatically scale as the number of viewers increase. Peer5 has a technology that does not require additional installation on user endpoints or any changes to physical network infrastructure.
Salesforce to acquire Servicetrace
Salesforce has inked a deal to acquire a leading provider of robotic process automation, Servicetrace. Salesforce intends to make Servicetrace part of Mulesoft, the company acquired for the US $ 6.5 billion in 2018. Servicetrace was founded in 2004 and has products that are rated favorably by analysts, along with its intelligent process recorder and scaling technology. It was integrated with ROI analytics and Kanban board for collaborative projects.
Square acquire Afterpay
Square, which is a digital payments platform co-founded by Twitter CEO Jack Dorsey, has agreed to acquire Afterpay for the US $ 29 billion. Afterpay has more than 16 million customers which are used by 100 million businesses across the world. Afterpay is an AI firm and a leader in the accelerating sector of the online payments market where it allows consumers to pay for their purchases in installments. Square acquired Afterpay for about US $ 8.15 billion. This acquisition can help the company to further expand more quickly in the US.
Top AI Acquisitions in July
Qualtrics acquires Clarabridge
Qualtrics acquired Clarabridge for about US $ 1.125 billion. Qualtrics helps companies gather customer feedback regarding their experiences with its services and products. And Clarabridge’s software uses AI to comb indirect sources like social media posts on customer support calls for information about how customers felt about a brand.
HP acquires Teradici Corporation
HP is buying high-performance remote computing firm Teradici in a deal that is likely to take place in the fourth quarter of this year. This deal can enhance the company’s capabilities in the Personal System category by delivering new compute models and services tailored for hybrid work.
Shutterstock acquires three AI companies
Shutterstock is a stock media site that acquires three AI companies ahead of a new artificial intelligence unit known as Shutterstock AI. These three companies include Datasine, Shotzr, and Pattern89. All three acquisitions cost about US $ 35 million. The new AI unit is created to help Shutterstock customers find the right content for their campaigns from about 400 million images, tracks, music, and 3D models from its library.
