M&A Deal Summary

Snap Acquires Voca AI

On November 11, 2020, Snap acquired software company Voca AI

Acquisition Highlights
  • This is Snap’s 3rd transaction in the Software sector.
  • This is Snap’s 2nd transaction in Israel.

M&A Deal Summary

Date 2020-11-11
Target Voca AI
Sector Software
Buyer(s) Snap
Deal Type Add-on Acquisition

Target

Voca AI

Herzliya, Israel
Voca AI helps companies in delivering happier customers, at scale, through natural, intelligent and surprisingly empathetic spoken conversations. Voca is able to handle the most prevalent workflows, using end-to-end speech neural models, which allow us to automate a vast amount of conversations, from sales to support within finance, insurance and telecommunication industries. Voca was formed in 2017 and is based in Herzliya, Israel.

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Buyer(S) 1

Buyer

Snap

Santa Monica, California, United States

Category Company
Founded 2010
Sector Internet Software and Services
Employees5,061
Revenue 5.4B USD (2024)
DESCRIPTION
Snapchat's corporate headquarters in Venice, California.
Snapchat's corporate headquarters in Venice, California.

Snap is the developer of Snapchat, a camera application that was created to help people communicate through short videos and images. The Company calls each of those short videos or images a Snap. Snapchat opens directly into the Camera, making it easy to create a Snap and send it to friends. Snaps are deleted by default, so there is a lot less pressure to look pretty or perfect when creating and sending images on Snapchat. Snap offer lots of creative tools like lenses, geofilters, and bitmojis that allow its community to express themselves through Snaps. Lenses are interactive animations that are overlaid on a person’s face or the world around them. Geofilters are artistic filters that can be applied after a Snap is taken at pre-defined times and locations. Bitmojis are cartoon likenesses of a user that are created in the Bitmoji application. Snap was formed in 2010 and is based in Santa Monica, California.


DEAL STATS #
Overall 14 of 19
Sector: Software M&A 3 of 3
Type: Add-on Acquisition M&A Deals 14 of 19
Country: Israel M&A 2 of 2
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-30 Placed

Seattle, Washington, United States

Placed, Inc. is a provider of location analytics by directly measuring locations through smartphones and leveraging big data principles. Placed, Inc. was founded in 2011 and is based in Seattle, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-19 Voisey

London, United Kingdom

Voisey is an app that connects singers, songwriters, artists, and producers through collaborative songwriting. Record, publish, and share.

Buy -