K-12 education company Carnegie Learning acquired writing instruction platform Ethiqly from Owl Ventures and Ethiqly management.
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Amazon is reportedly negotiating to acquire Decart.ai in a deal that could be worth up to $7 billion, according to the Wall Street Journal. A deal could come within days if talks hold and no rival suitor emerges. Decart, founded in 2023 by three Israeli engineers, raised $300 million at a $4 billion valuation in May. Its DOS software helps developers optimize AI models to run across different processors.
Nvidia is in early talks to acquire open-weight model developer Reflection AI or deepen its investment, the Financial Times reports. An agreement could come within weeks, though talks could still collapse. Options include an outright purchase, a larger stake paired with chip supply, or an acquihire that would likely avoid lengthy regulatory review. Nvidia has invested $800 million in Reflection, whose latest round closed at a $25 billion pre-money valuation.
Quantum computing company IonQ has signed a definitive agreement to acquire Elisity, a Zero Trust security company, in an all-stock transaction valued at up to $1.3 billion. The deal pairs IonQ's post-quantum cryptography and quantum key distribution capabilities with Elisity's enterprise Zero Trust platform.
India's Persistent Systems has secured about 94.04% of German digital engineering firm Nagarro after its voluntary takeover offer closed. Tendered shares totaled about 71.94%, on top of a 22.10% stake bought from Lantano Beteiligungen. That is well above the 50%-plus-one-share threshold. Having passed 90%, Persistent plans to squeeze out remaining minority holders and take Nagarro private.