M&A Deal Summary

NexTech AR Solutions Acquires Threedy.ai

On May 18, 2021, NexTech AR Solutions acquired information technology company Threedy.ai for 10M USD

Acquisition Highlights
  • This is NexTech AR Solutions’ 3rd transaction in the Information Technology sector.
  • This is NexTech AR Solutions’ largest (disclosed) transaction.
  • This is NexTech AR Solutions’ 4th transaction in the United States.
  • This is NexTech AR Solutions’ 3rd transaction in California.

M&A Deal Summary
Date 2021-05-18
Target Threedy.ai
Sector Information Technology
Buyer(s) NexTech AR Solutions
Deal Type Add-on Acquisition
Deal Value 10M USD

Target

Threedy.ai

Sunnyvale, California, United States
Threedy.ai is an artificial intelligence company that leverages AI to enhance the building of quality 3D models from simple 2D photos at scale through an AI-powered assembly line. Threedy.ai was founded in 2018 and is based in Sunnyvale, California.

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Buyer(S) 1

Buyer

NexTech AR Solutions

Toronto, Ontario, Canada
Category Company
Sector Internet Software and Services
DESCRIPTION

NexTech AR Solutions Corp. is a provider of AR ecosystem featuring eCommerce solutions for websites, AR learning and education, as well as AR, live streaming for events.

DEAL STATS #
Overall 5 of 6
Sector (Information Technology) 3 of 3
Type (Add-on Acquisition) 5 of 6
State (California) 3 of 3
Country (United States) 4 of 4
Year (2021) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-16 Jolokia

Santa Cruz, California, United States

Jolokia Corp. is an interactive video solutions provider that helps enterprise customers manage, create and deliver high-quality video, in a secure and flexible manner, live as well as on-demand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 ARWAY

London, United Kingdom

ARWAY is a spatial mapping platform critical to building the Metaverse. A Unity based platform that uses AI to scan and recognize surroundings for hyper-accurate location based 3D mapping. ARWAY provides users with an Augmented Reality Software Kit (SDK) to frame the digital world in a few minutes. ARWAY was founded in 2018 and is based in London, United Kingdom.

Buy $1M
Mergr

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