Acquisitions

Tile to Get Acquired by Life360 for $205 Million USD

Earlier today, renowned family safety platform Life360 announced plans to acquire tracking titan Tile for a whopping $205 million USD. The news comes just days after Tile CEO CJ Prober raved about the company's revenues for the year so far, which are quite healthy despite what he calls "unfair competition" from Apple's AirTags. Tile has...

Apple is the World’s Top Acquirer of AI Companies, Says GlobalData

According to the latest research published by Global Data, Apple the top acquirer of AI companies in the world. With Apple on top, four FAAMG companies feature in the list of top five acquirers of AI companies. Ireland-based Accenture was the only non-US company to appear in the top five. “Apple, Google, Microsoft and Facebook...

Apple Acquires Seattle AI Startup Xnor.ai for $200 Million USD

According to Geekwire, Apple has acquired a Seattle artificial intelligence startup, Xnor.ai, at a cost in the $200 million USD range: Apple has acquired Xnor.ai, a Seattle startup specializing in low-power, edge-based artificial intelligence tools, sources with knowledge of the deal told GeekWire. The acquisition echoes Apple’s high-profile purchase of Seattle AI startup Turi in 2016....

Apple Acquires UK Startup Spectral Edge to Improve iPhone Photography

According to Bloomberg, Apple has acquired UK startup, Spectral Edge, in what appears will further bolster photo taking on the iPhone: According to filings made public in the U.K. on Thursday, Apple corporate lawyer Peter Denwood was recently named a director of Cambridge, U.K.-based Spectral Edge Ltd., while the startup’s other advisers and board members were terminated. The documents show...

Apple Confirms Purchase of UK Visual Effects Company IKinema

Apple has acquired visual effects company IKinema, based in the United Kingdom. The iPhone maker confirmed it bought IKinema by providing its boilerplate statement to The Financial Times, saying “Apple buys smaller companies from time to time, and we generally don’t discuss our purpose or plans." MacRumors was first to report on Apple’s acquisition of...

Apple Acquires Asthma Monitoring Start-Up Tueo Health

Apple continues to acquire new companies, with the latest being Tueo Health, a start-up which was developing an asthma monitoring system for children, reports CNBC: Apple has acquired Tueo Health, a small start-up that was developing a system to help parents monitor asthma symptoms in sleeping children, according to a person familiar with the deal. […]...

Apple Confirms Acquisition of Machine Learning Startup Laserlike

Apple has confirmed it has acquired Silicon Valley-based machine learning startup called Laserlike, according to The Information: An Apple spokesperson confirmed the acquisition of the four-year-old startup, which was founded by three former Google engineers, Anand Shukla, Srinivasan Venkatachary and Steven Baker, and had raised more than $24 million from Redpoint Ventures and Sutter Hill...

Apple Acquires UK Digital Marketing Startup DataTiger

Bloomberg reports Apple has quietly acquired U.K.-based digital marketing startup, DataTiger: Apple Inc. acquired startup DataTiger in a move that could boost the company’s digital marketing and make it more relevant to customers. The U.K.-based startup says its technology can "optimize the marketing journeys" of customers by using data to more accurately send materials to consumers...

Apple Acquires Texture Digital Magazine Service, Partly-Owned by Rogers

Apple has announced it has acquired digital magazine subscription service Texture, owned by Next Issue Media LLC, which offers unlimited access to over 200 top magazines for a monthly fee. “We’re excited Texture will join Apple, along with an impressive catalog of magazines from many of the world’s leading publishers,” said Eddy Cue, Apple’s senior...

Tesla Buys Grohmann Engineering to Boost Model 3 Production

Tesla Motors has today announced its acquisition of Germany’s Grohmann Engineering, the global engineering leader which will now become Tesla’s new Advanced Automation facility based in Germany, a new subdivision of the automaker dedicated to boosting the production of Model 3. Tesla founder and CEO Elon Musk told TechCrunch that this will be the company's "first acquisition of...

Kik Acquires Toronto-Based ‘Blynk’ Fashion Startup

Waterloo-based messaging company Kik Interactive has today acquired the fashion app ‘Blynk’ along with its four full-time employees for an undisclosed sum, making it the company’s third acquisition since its founding in 2009. According to TechCrunch, Kik’s acquisition of the Toronto fashion app hints that the company may be planning to introduce its future services and products around fashion. For...

LogMeIn Acquires LastPass Password Manager For $125 Million

LogMeIn has announced this morning that it has acquired the password management software maker LastPass for $110 million in cash, saying that the acquisition provides the company with access to resources that will enable it to "innovate faster”. Furthermore, another $15 million in cash is available in contingent payments if LastPass meets certain milestone and retention...