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Top Global M&A Deals 2023: Artificial Intelligence (AI) Industry

September 11, 2023

Welcome to the Institute for Mergers, Acquisitions, and Alliances’ overview of the Top Global M&A Deals 2023: Artificial Intelligence (AI) Industry. This is your essential guide to the top deals that are reshaping the online world. From startups specializing in machine learning and natural language processing to established tech companies diversifying into AI-powered solutions, our monthly report captures the multi-dimensional aspects of M&A deals influencing the trajectory of artificial intelligence.

At the time of this writing, artificial intelligence stands out as the primary game-changer shaping our modern world. As the catalyst behind data-driven decision-making and automation, AI is not just enabling technological advancement across various sectors—it’s fundamentally redefining them. The role of M&A in the AI sector has become critical for scaling innovation, extending AI’s influence, altering how we work, and expanding its reach across globe.

The AI industry is a complex web of multiple disciplines—ranging from machine learning, robotics, and computer vision to natural language understanding and data analytics. These sub-domains are continually evolving, driven by relentless innovation and research, making the sector both challenging and exhilarating for investors and industry players alike. This dynamic nature of the AI sector makes it an exceptionally vibrant field, teeming with possibilities for both technological advancement and commercial success. As a result, investors and industry players alike find themselves immersed in a complex, fast-paced environment.

As you explore our 2023 report on M&A activities in the artificial intelligence industry, you’ll discover a monthly breakdown of the top deals, offering insights into how the industry is adapting to the intricate interplay of technological advances, market dynamics, and consumer expectations.

Whether you’re a seasoned industry professional, an investor, or simply interested in far-reaching implications of AI through the lens of mergers and acquisitions, our platform offers you a front-row seat to the ongoing transformation of the artificial intelligence landscape.

July

Due to undisclosed deal values, this month’s M&A activities are not reflected in our rankings.

August

Deal 1: Cyber Core Co., Ltd. (Japan) was acquired by DKK Co., Ltd. (Japan) for $0.10 billion USD.
Deal 2: Pono Capital Three, Inc. (Cayman Islands) was acquired by Horizon Aircraft, Inc. (Canada) for $0.09 billion USD.
Deal 3: Healthcare Accretion Group Inc. (Canada) was acquired by Vinergy Capital Inc. (Canada) for $0.0052 billion USD.
Deal 4: Softvan Pvt Ltd. (India) was acquired by Sahana System Limited (India) for $0.0004 billion USD.
Deal 5: Soar Technology, Inc. (United States) was acquired by Forward Slope Incorporated (United States) value not disclosed.

September

Deal 1: Relievant Medsystems, Inc. (United States) was acquired by Boston Scientific Corporation (United States) for $850 million USD.
Deal 2: Aijie Kexin Technology Co., Ltd. (China) was acquired by Kunlun Tech’s subsidiaries Horgos Kunuo Tianqin Venture (China) for $93.00 million USD.
Deal 4: Intrinsix Corp. (United States) was acquired by Cadence Design Systems, Inc. (United States) for $31.30 million USD.
Deal 3: Responsum, Inc. (United States) was acquired by Elixirr International plc (United Kingdom) for $6.58 million USD.
Deal 5: Puzzle AI Co., Ltd. (South Korea) was acquired by Vuno Inc. (South Korea) for $1.86 million USD

October

Deal 1: Israel Acquisitions Corp (Cayman Islands) was acquired by Pomvom Ltd (Israel) for $125.00 million USD.
Deal 2: Certain Assets of Wallet was acquired by Fobi AI Inc. (Canada) for $0.12 million USD.
Deal 3: ARINSPECT Inc. (United States) was acquired by Tyler Technologies, Inc. (United States) for an undisclosed amount.
Deal 4: Tango Eye, LLC (India) was acquired by Lenskart Solutions Private Limited (India) for an undisclosed amount.
Deal 5: Cambrian Intelligence SL (Spain) was acquired by Zunibal Sociedad Limitada (Spain) for an undisclosed amount.

November

Deal 1: Presight AI Holding PLC (United Arab Emirates) was acquired by International Holding Company PJSC (United Arab Emirates) for $326.00 million USD.
Deal 2: Pangiam Intermediate Holdings (United States) was acquired by BigBear.ai Holdings, Inc. (United States) for $70.00 million USD.
Deal 3: Plum Fintech Limited (United Kingdom) was acquired by Eurobank S.A. (Greece) for $5.00 – $10.00 million USD.
Deal 4: Scite, Inc. (United States) was acquired by Research Solutions, Inc. (United States) for an undisclosed amount.
Deal 5: BINIT SRL and DELTANOVA SA, parent companies of the BINIT Group (Spain) was acquired by Substrate Artificial Inteligence, S.A. (Spain) for an undisclosed amount.

December

Deal 1: Volpara Health Technologies Limited (New Zealand) was acquired by Lunit Inc. (South Korea) for $193.64 million USD.
Deal 2: UserWay Ltd (United States) was acquired by Level Access Holdings, Inc. (United States) for $98.70 million USD.
Deal 3: Beijing OrionStar Technology Co., Ltd. (China) was acquired by Cheetah Mobile Inc. (China) for $37.60 million USD.
Deal 4: SYNQ3, Inc. (United States) was acquired by SoundHound AI, Inc. (United States) for $27.74 million USD.
Deal 5: Blaize, Inc. (United States) was acquired by Burtech Acquisition Corp. (United States) for an undisclosed amount.