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Announced

Apple to acquire Xnor for $200m.

Financials

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Transaction Value£153m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Software

Friendly

United States

Majority

Private

Single Bidder

application software

Acquisition

Pending

Disposal

Domestic

Private Equity

Synopsis

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Apple agreed to acquire Xnor, a Seattle startup specializing in low-power, edge-based artificial intelligence tools, for approximately $200m. The acquisition echoes Apple’s purchase of Seattle AI startup Turi in 2016. The arrangement suggests that Xnor’s AI-enabled image recognition tools could well become standard features in future iPhones and webcams. Xnor.ai's work could potentially be incorporated into future iPhones, improving Siri and other AI and machine learning-based tasks that are done on device.

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