Yelp to acquire Hatchify for $300m.

Yelp, a US tech company that runs a community-driven platform connecting people with local businesses through crowd-sourced reviews, and business information, agreed to acquire Hatchify, an AI‑powered customer communication platform designed to help businesses increase conversion and retention while lowering operating costs, for $300m. “The acquisition of Hatch is an important step forward in Yelp’s AI transformation, accelerating our strategy to bring powerful new AI tools to local businesses. Hatch is solving challenging lead management and communication pain points for services businesses, and we’ve been impressed by the innovative AI technology and traction they’ve built. I believe that by bringing our companies together we will be able to help service providers operate and grow more efficiently,” Jeremy Stoppelman, Yelp Co-Founder and CEO.