Cursor continues acquisition Spree with Graphite deal
Graphite is an AI code review assistant that was last valued at $290 million.
M&A
Bending Spoons agrees to buy Eventbrite for $500M to revive stalled brand
The acquisition price for the events marketplace is a fraction of the $1.76 billion valuation it achieved during its 2018 IPO.
Sources: Gusto paid $600M to acquire Guideline, plans to divest customers linked to rivals
While the HR Tech Guideline was last valued at $1.15 billion, the sale will likely yield a profit for most investors.
OpenAI acquires product testing startup Statsig and shakes up its leadership team
OpenAI is bringing on the founder of Statsig as its CTO of Applications, and making changes to other leadership roles at the company.
More details emerge on how Windsurf’s VCs and founders got paid from the Google deal
VCs and founders took much of the $2.4B, but money was left for a payout to all employees, sources say.
AI leadership development platform Praxis Labs sells to Torch
Praxis Labs, a learning development platform, announced its acquisition on Thursday for an undisclosed amount by the leadership and coaching enterprise Torch. “As a small company with fewer than 20 people serving companies as large as Amazon, we knew we needed to build powerful partnerships, across product and go-to-market, to reach more companies,” co-founder and […]
AI is forcing the data industry to consolidate — but that’s not the whole story
While AI may be the catalyst behind the recent wave of data company M&A, the market was ripe for consolidation.