Divestiture • Software

Jasper Acquires ClipDrop

On February 22, 2024, Jasper acquired software company ClipDrop from Stability.AI

Acquisition Context
  • This is Jasper’s 1st transaction in the Software sector.
  • This is Jasper’s 1st transaction in France.

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M&A Deal Summary

Date February 22, 2024
Target ClipDrop
Sector Software
Buyer(s) Jasper
Sellers(s) Stability.AI
Deal Type Divestiture

Target Company

ClipDrop

Montreuil, France
ClipDrop provides advanced machine learning research and engineering in its industry-leading imaging tools, including Remove Background and Super Resolution. ClipDrop was founded in 2020 and is based in Montreuil, France.
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Buyer Overview 1

Buyer

Jasper

Austin, Texas, United States

Category Company
Founded 2021
Sector Software
DESCRIPTION

Jasper is an AI copilot for marketing teams that want better outcomes in addition to faster outputs. Jasper securely trains on your brand and strategy, accelerates content and campaign production, and helps marketers measure and optimize for performance all as part of an end-to-end copilot. Jasper was founded in 2021 and is based in Austin, Texas.


Deal Context for Buyer #
Overall 1 of 1
Sector: Software 1 of 1
Type: Divestiture 1 of 1
Country: France 1 of 1
Year: 2024 1 of 1

Seller Profile 1

SELLER

Stability.AI

London, United Kingdom

Category Company
Sector Information Technology
DESCRIPTION

Stability.AI is an open source generative artificial intelligence company, collaborating with public and private sector partners to bring next generation infrastructure to a global audience. Stability.AI is based in London, United Kingdom.


Deal Context for Seller #
Overall 1 of 1
Sector: Software 1 of 1
Type: Divestiture 1 of 1
Country: France 1 of 1
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-07 ClipDrop

Montreuil, France

ClipDrop provides advanced machine learning research and engineering in its industry-leading imaging tools, including Remove Background and Super Resolution. ClipDrop was founded in 2020 and is based in Montreuil, France.

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