Announced
Completed
Financials
Tags
Merger
artificial intelligence
Software
United States
Acquisition
Reverse Takeover
Private
Majority
Domestic
Friendly
Single Bidder
De-SPAC
Private Equity
Completed
Synopsis
Berkshire Grey, a pure-play robotics company offering fully integrated, artificial intelligence-based software and hardware solutions, went public via a SPAC merger with Revolution Acceleration in a $2.7bn deal. The transaction included a PIPE of $165m anchored by Chamath Palihapitiya, Founder and CEO of Social Capital, Hedosophia and BlackRock. “We are incredibly excited about this transaction, which will enable Berkshire Grey to accelerate growth and provide new and existing customers with our leading robotics solutions,” Tom Wagner, Berkshire Grey Founder and CEO.
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