Western Technology Investment-backed iLearningEngines to go public via a SPAC merger with Arrowroot Acquisition in a $1.4bn deal.

Western Technology Investment-backed iLearningEngines, a cloud-based, AI driven mission critical training company for enterprises, agreed to go public via a SPAC merger with Arrowroot Acquisition, a special purpose acquisition company, in a $1.4bn deal. “As an early pioneer in enterprise AI and its application in learning and process automation, we believe iLearningEngines is in a category of one – owning a unique space with first mover advantage and significant moats built around specialized learning and engagement data sets. We are excited to be partnering with Arrowroot given their expertise in growing enterprise software businesses. We believe the capital raised in this transaction will allow us to accelerate growth, capitalizing on the massive market opportunity in front of us,” Harish Chidambaran, iLearningEngines CEO and Founder.