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Announced

Completed

Hewlett Packard Enterprise completed the acquisition of Determined AI.

Financials

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

Tags

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Majority

Software

Acquisition

Completed

AI software

Friendly

Private

Single Bidder

United States

Domestic

Synopsis

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Hewlett Packard Enterprise, a global edge-to-cloud company, completed the acquisition of Determined AI, a provider of the software stack for trainining AI models. Financial terms were not disclosed. "Determined AI’s unique open-source platform allows ML engineers to build models faster and deliver business value sooner without having to worry about the underlying infrastructure. I am pleased to welcome the world-class Determined AI team, who share our vision to make AI more accessible for our customers and users, into the HPE family," Justin Hotard, HPE Senior Vice President and General Manager.

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