The
#AIEye: VMware (NYSE: $VMW) Announces Intention to Acquire #AI Company Nyansa
and mCloud Closes (TSXV: $MCLD.V) Acquisition of CSA, Inc.
2019
Sees Record in AI Startup Funding with $26.6 Billion
Point Roberts WA, Vancouver BC – January 27, 2020 – Investorideas.com (www.investorideas.com), a global investor news source covering
Artificial Intelligence (AI) brings you today’s edition of The
AI Eye- watching stock news, deal
tracker and advancements in artificial intelligence.
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:VMW) (TSXV:MCLD)
VMware, Inc. (NYSE:VMW)
recently announced its intention to acquire AI-based
network analytics company Nyansa, Inc. Nyansa boasts AI and machine learning
capabilities, including its Voyance platform, which is “a vendor-agnostic,
cloud-based AIOps platform.” According to the press release, the acquisition of
Nyansa to “VMware’s existing network and security portfolio will make it easier
for customers to operate and troubleshoot the Virtual Cloud Network and further
VMware’s ability to enable Self-Healing Networks.” Sanjay Uppal, vice president
and general manager, VeloCloud Business Unit, VMware, explained:
“The
acquisition of Nyansa will accelerate VMware’s delivery of end-to-end
monitoring and troubleshooting capabilities for LAN/WAN deployments within our
industry-leading SD-WAN solution. Nyansa is a proven solution that solves many
of the shortcomings of today’s vendor-specific solutions. Nyansa currently
analyzes user network traffic from more than 20 million client devices across
thousands of customer sites at companies including Tesla, Uber, Lululemon,
Rooms To Go, GE Healthcare, SF International Airport, Stanford, Northeast
Georgia Healthcare System and many others.”
VMware stock saw a modest uptick following this
announcement, but the trading price has since cooled down along with much of
the stock market today, following concerns over the deadly coronavirus over the
weekend.
mCloud Technologies Corp. (TSXV:MCLD) has today closed its previously announced acquisition of
Atlanta-based 3D tech firm Construction Systems Associates, Inc. (CSA). Costantino
Lanza, mCloud's Chief Growth and Revenue Officer, explained:
"The
demand for our 3D Digital Twin capabilities has been strong and swift. We
expect the acquisition of CSA will expedite the upcoming delivery of new 3D
capabilities to customers in North America, the Middle East, and Southeast Asia
throughout 2020 and beyond."
"This
acquisition further positions mCloud to become one of the largest providers of
3D asset management capabilities in the nuclear power industry in North
America. The combination of CSA's robust 3D capabilities and our AssetCare
platform enables us to deliver powerful 3D Digital Twins to our process
industry customers at oil and gas, petrochemical, LNG, and pipeline facilities
worldwide."
Despite this news, mCloud stock is actually down about
4 percent today, though it is likely that this is more a reflection of the
previously-mentioned general malaise seen in the market this morning. For more
on mCloud, feel free to check out an interview Investorideas.com did with its CEO
Russ McMeekin last year regarding the company’s AI-powered AssetCare platform.
2019
Sees Record in AI Startup Funding with $26.6 Billion
Research from CBInsights finds that 2019 was a record year for
AI startups funding. According to the site, “Over 4.3K AI startups in 80
countries have raised $83B since 2014” and $26.6 billion went to startups in
the space last year. An article on VentureBeat outlining the CBInsights study,
indicated the following highlights from the report:
●
Early-stage
deals continue to dominate, with more than 70% of deals going to early-stage or
series A funding rounds.
●
10
companies — including UiPath, Megvii, and Nuro — raised funding rounds higher than
$100 million. All 10 companies are based in China, the U.K., or the U.S.
●
Accounting
for $4 billion of the 26.6 billion, health care leads the way in global AI
startup deal distribution, followed by industries like finance ($2.2 billion),
retail ($1.5 billion), sales, and cybersecurity.
●
Merger
and acquisition activity was also highest in health care, sales, and retail
industries.
Sam Mowers, Investorideas.com
For
a list of artificial intelligence stocks on Investorideas.com visit
here
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