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New Deal


Announced

Completed

A consortium of investors led a $123m Series D round in SparkCognition.

Financials

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Transaction Value£91m
Consideration TypeCash
Capital Owned9%
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

IT Services: Other

Friendly

artificial intelligence technology

Private

Private Equity

Cross Border

United States

Completed

Venture Capital

Minority

Acquisition

Synopsis

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A consortium of investors including March Capital, Doha Venture Capital, B. Riley Venture Capital, AEI Horizon X, Temasek, Alan Howard, and Peter Loscher, led a $123m Series D round in SparkCognition, an artificial intelligence software solutions provider. "Our AI solutions address core infrastructure challenges, including asset optimization, preventing zero-day cyberattacks, augmenting skill gaps, and enabling climate change initiatives. This additional capital will enable us to deepen our subject matter expertise, enhance our patent portfolio, and accelerate the diversity of problems we solve for customers, maximizing their return on investment," Amir Husain, SparkCognition Founder and CEO.

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