Announced
Financials
Tags
Completed
Venture Capital
Friendly
Private Equity
Minority
Acquisition
United States
Auto Technology
Single Bidder
AI technology
Private
Domestic
Synopsis
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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