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New Deal


Announced

Group 42 and bp ventures led a $133m Series C round in Beyond Limits.

Financials

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Transaction Value£103m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Venture Capital

Friendly

Private Equity

Minority

Acquisition

United States

Auto Technology

Single Bidder

AI technology

Private

Domestic

Synopsis

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Group 42, an AI and cloud computing company, and bp ventures, a venture capital, led a $133m Series C round in Beyond Limits, an industrial and enterprise-grade AI technology company. "Today we are seeing unprecedented, world-wide demand for systems that go beyond the limitations of conventional AI. Our cognitive software has the ability to understand situations and place problems in real-world contexts as well as to learn over time. We’re excited to help more customers by applying our unique and powerful AI approach to solve some of the toughest problems facing industries and the world today," AJ Abdallat, Beyond Limits CEO and Founder.

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