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Multiple companies have identified the core field of Artificial Intelligence and immense scope to produce innovative products and services for the betterment of society in this tech-driven world. AI startups and companies need funding or accurate acquisitions to receive millions of dollars for investment and continue the journey to strive for success in Artificial Intelligence. AI acquisitions are occurring throughout 2021 due to the long-term effect of the coronavirus pandemic while AI funding in Series A, Series B, Series D, and many more seeding rounds are helping companies to raise sufficient funds for fulfilling their goals in producing hi-tech products and services. Let's look at the list of top AI acquisitions and top AI funding of companies in the first half of 2021.
Qualtrics considered that acquiring Clarabridge will help the company to be the most powerful platform for enabling companies to analyze data and utilize it to take appropriate action for enhancing products, services, brands, and work experiences. Clarabridge is known as the industry leader in omnichannel conversational analytics such as social media, emails, calls, chats, and product reviews. This is known as one of the top AI acquisitions in July 2021
Microsoft decided to acquire a leading provider of supplier spend insights known as Suplari in July 2021 for strengthening business insight for finance and procurement leaders. This AI acquisition tends to help Microsoft in creating a new breed of data-first applications to be introduced for other processes through multiple apps like Microsoft Dynamics 365 Customer Insights.
IBM has successfully acquired an Application Resource Management and Network Performance Management software provider in Boston known as Turbonomic in June 2021. AI-powered automation will help businesses to succeed in a digital-first world through efficient business processes. With this acquisition, IBM became the only company to provide a one-stop destination of AI-powered automation capabilities to run anywhere whereas Turbonomic can reach and serve more customers with the successful application of hosting operations in multiple Clouds.
Google acquired Provino Technologies in May 2021 with a promise to create new technologies that will be faster and more efficient processors for Artificial Intelligence. Provino Technologies is known as a startup focused on developing Network-on-Chip (NoC) systems for machine learning. Google identified that this AI acquisition can accelerate communications on chips by replacing traditional architecture with the help of NoC technologies.
Panasonic acquired Blue Yonder in April 2021 to combine IoT and Artificial Intelligence and machine learning solutions for delivering new Cloud capabilities for a sustainable world. Blue Yonder is known as the leading end-to-end and digital fulfillment platform provider. Thus, Panasonic decided to acquire Blue Yonder with the purchase of an 80% share worth US$5.6 billion after acquiring 20% in 2020.
Being a leading machine learning digital medicine company, Health mode was acquired by MindMed in February 2021. The aim of this AI acquisition is to develop a full-stack digital mental health platform for psychedelic medicines. MindMed is known as a leading psychedelic medicine biotech company that can use Artificial Intelligence-based digital measurement to speed up clinical research and patient monitoring.
In August 2021, Nektar.ai has successfully raised the total funding in a seeding round worth US$8.1 million from investors such as B Capital Group, 3One4 Capital, and Nexus Venture Partners. Nektar.ai has made this AI funding one of the biggest rounds for a SaaS startup. The aim is to utilize this fund for accelerating product development and hiring talent for core functions.
People.ai has raised AI funding worth US$100 million in a Series D round in August 2021. This company is known as the revenue operations and intelligence platform focused on spending the money in developing the capabilities of the SmartData platform. This platform will provide revenue teams with correct Go-to-Market (GTM) in-depth insights to boost deals in the future.
Blaize is known as an Artificial Intelligence edge chip vendor that launched a new no-code AI software application to build different applications for AI chip-based PCIe cards, modules, and devices. It has received one of the top AI funding in July 2021 worth US$71 million in Series D funding by Franklin Templeton, Temasek, and DENSO. The aim is to develop its product developments, engineering, and sales efforts in the nearby future.
Olive is known for receiving the top AI funding in July 2021 while completing US$400 million in seeding rounds by Vista Equity Partners for Artificial Intelligence-based health tech. The aim is to spend the fund on new product developments and reaching more healthcare providers in this unprecedented time. It is well-known for being the leading force for rapid product development to empower humans in the healthcare sector.
Eightfold AI has received one of the top AI funding worth US$220 million from Series E funding by SoftBank Vision Fund 2 in June 2021. The company will utilize this fund to continue with the rapid growth and development of the AI-powered talent intelligence platform and expand market growth through the partner ecosystem.
Being the Artificial Intelligence-based and Singapore-based professional networking platform, CoffeeMug.ai has successfully raised US$625k in a pre-seed round by Paradigm Shift Capital and AngelList India in June 2021. The aim is to boost its performance in AI-based matchmaking algorithm to double the existing customer base with reliable business opportunities.
