Menu

Update: M&A and Funding Roundup

Tracking Some Prominent Acquisitions and New Financing Activity in the Last 10 Days

Leena AI

Leena AI, the Palo Alto, California-based automated human resources (HR) and employee helpdesk, announced on September 28 it had raised $30 million in a Series B financing round, bringing the company’s total amount raised to $40 million. New investors Bessemer Venture Partners led the round with participation from existing investor Greycroft and an investment from Facebook co-founder Eduardo Saverin‘s B Capital Group. The fresh capital infusion will accelerate product innovation for the company’s conversational artificial intelligence (AI)-backed platform for new and existing customers. Leena AI also plans to expand its employee experience suite to products for IT, sales, and finance teams by early 2022.

Kore.ai

On September 29, conversational AI software company Kore.ai announced it had raised $50 million in a Series C funding led by Vistara Growth and PNC, with additional participation from NextEquity Partners, Nicola Wealth, and Beedie Capital. Based in Orlando, Florida, Kore.ai also secured an additional $20 million credit facility from Sterling National Bank, bringing total funding to $70 million. Kore.ai said it plans to use a significant amount of the funds to scale efforts in its drive to become the leader in Experience Optimization (XO), elevating enterprise customer, agent, and employee experiences through AI-native platforms and products.

Terminus and Zylotech

As September drew to a close, Atlanta, Georgia-based Terminus acquired Zylotech, the business-to-business (B2B) customer data platform (CDP) headquartered in Cambridge, Massachusetts. With the September 30 acquisition, account-based engagement platform Terminus launched Terminus CDP, a standalone suite of solutions that enables customers to continuously cleanse go-to-market data and discover new buying committees at their target accounts.

Informatica

Informatica, the provider of data integration software and services headquartered in Redwood City, California, announced on October 1 that it had filed a registration statement on Form S-1 with the US Securities and Exchange Commission (SEC) connected to a proposed initial public offering (IPO) of shares of its common stock. The number of shares and the price range for the proposed offering have not yet been determined. Informatica has applied to list its common stock on the New York Stock Exchange under the ticker symbol “INFA.”

Qualtrics and Clarabridge

Also on October 1, Provo, Utah-based CXM software provider Qualtrics announced it had completed the acquisition of Clarabridge, the conversational analytics company headquartered in Reston, Virginia. The acquisition brings together the AI-powered platform and software of Clarabridge with the experience management platform of Qualtrics, allowing companies to discover and analyze customer feedback from indirect sources, such as support conversations, chats, social media posts, and review sites.

ResultsCX

On October 6, a change in ownership was announced for ResultsCX, the Fort Lauderdale, Florida-based provider of automation-enabled services to the healthcare, telecom, media, and retail industries. Ownership of ResultsCX switched from One Equity Partners (OEP) to ChrysCapital. ResultsCX, a CX partner to Fortune 100 and 500 companies for three decades, has core expertise in analytics, contact center as a service (CCaaS), process automation, and its own SupportPredict digital engagement software as a service (SaaS). The new owner, ChrysCapital, is a private equity advisory firm based in Mauritius that invests in services for the technology, finance, pharmaceuticals, and consumer sectors. Previous owner OEP, by comparison, is a New York City-based midmarket private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe.

Author Information

Alex is responsible for writing about trends and changes that are impacting the customer experience market. He had served as Principal Editor at Village Intelligence, a Los Angeles-based consultancy on technology impacting healthcare and healthcare-related industries. Alex was also Associate Director for Content Management at Omdia and Informa Tech, where he produced white papers, executive summaries, market insights, blogs, and other key content assets. His areas of coverage spanned the sectors grouped under the technology vertical, including semiconductors, smart technologies, enterprise & IT, media, displays, mobile, power, healthcare, China research, industrial and IoT, automotive, and transformative technologies.

At IHS Markit, he was Managing Editor of the company’s flagship IHS Quarterly, covering aerospace & defense, economics & country risk, chemicals, oil & gas, and other IHS verticals. He was Principal Editor of analyst output at iSuppli Corp. and Managing Editor of Market Watch, a fortnightly newsletter highlighting significant analyst report findings for pitching to the media. He started his career in writing as an Editor-Reporter for The Associated Press.

Latest Insights:
CData Trades in Vibe-Coding for Industrial-Grade Enterprise AI Infrastructure
March 10, 2026
Article
Article

CData Trades in Vibe-Coding for Industrial-Grade Enterprise AI Infrastructure

Brad Shimmin, Vice President at Futurum, analyzes CData’s March 9th pivot toward enterprise AI infrastructure. CData is tackling the AI "accuracy gap" with a validated 98.5% query success rate and a new...
Teradata Trades Duct Tape for Unified Intelligence With Its Latest Release
March 10, 2026
Article
Article

Teradata Trades Duct Tape for Unified Intelligence With Its Latest Release

Brad Shimmin, VP and Practice Lead at Futurum, analyzes Teradata’s launch of the Agentic Enterprise Vector Store. This multi-modal pivot aims to challenge the standalone vector database by bringing AI agents directly...
Did GitHub Agent HQ Quietly Show Up in Microsoft VS Code 1.110
March 10, 2026
Article
Article

Did GitHub Agent HQ Quietly Show Up in Microsoft VS Code 1.110?

Mitch Ashley, VP Practice Lead at Futurum, shares his insights on how VS Code 1.110’s agent plugins, hooks, and Git-based distribution embed agent development control surface capabilities directly into the development environment,...
Can Microsoft's Frontier Suite Deliver AI Excellence at Scale
March 10, 2026
Article
Article

Can Microsoft’s Frontier Suite Deliver AI Excellence at Scale?

Futurum analysts Keith Kirkpatrick and Fernando Montenegro share their insights on Microsoft’s Frontier Suite, and discuss the implications for both enterprise buyers and the company’s competitors....
Latest Research:
SiTime's Titan Platform and the Importance of MEMS Resonators
March 4, 2026
Research
Research

SiTime’s Titan Platform and the Importance of MEMS Resonators

In our latest market report, SiTime’s Titan Platform and the Importance of MEMS Resonators, completed in partnership with SiTime, Futurum Research examines how Titan’s miniaturization, integration, and resilience advantages could...
Nokia’s Global Data Center Network Migration: From Legacy Complexity to Automated, Reliable Operations
March 3, 2026
Research
Research

Nokia’s Global Data Center Network Migration: From Legacy Complexity to Automated, Reliable Operations

In our latest report, Nokia’s Global Data Center Network Migration: From Legacy Complexity to Automated, Reliable Operations, completed in partnership with Nokia, Futurum Research details Nokia IT’s automation-first data center...
Cybersecurity in the Age of AI: Moving from Fragile to Resilient
February 27, 2026
Research
Research

Cybersecurity in the Age of AI: Moving from Fragile to Resilient

In this Futurum Research report, Cybersecurity in the Age of AI: Moving from Fragile to Resilient, created in collaboration with N-able, we outline a modern framework for business resilience built...

Book a Demo

Newsletter Sign-up Form

Get important insights straight to your inbox, receive first looks at eBooks, exclusive event invitations, custom content, and more. We promise not to spam you or sell your name to anyone. You can always unsubscribe at any time.

All fields are required






Thank you, we received your request, a member of our team will be in contact with you.