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Divestiture • Software

Wasabi Acquires Curio AI

On January 23, 2024, Wasabi acquired software company Curio AI from GrayMeta

Acquisition Context
  • This is Wasabi’s 1st transaction in the Software sector.
  • This is Wasabi’s 1st transaction in the United Kingdom.
  • This is Wasabi’s 1st transaction in California.

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M&A Deal Summary
Date January 23, 2024
Target Curio AI
Sector Software
Buyer(s) Wasabi
Sellers(s) GrayMeta
Deal Type Divestiture

Target Company

Curio AI

Beverly Hills, California, United Kingdom
Curio AI is an intelligent data platform that uses AI to generate rich metadata for media libraries and enables editors and producers to instantly search and retrieve specific media segments based on people, places, events, emotions, logos, landmarks, background audio and more.
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Buyer Overview 1

Buyer

Wasabi

Boston, Massachusetts, United States
Category Company
Founded 2017
Sector Software
DESCRIPTION

Wasabi provides simple and affordable hot cloud storage for businesses all over the world. It enables organizations to store and instantly access an unlimited amount of data with no complex tiers or egress or API fees, while delivering predictable costs that save money and industry leading security and performance businesses can count on. Wasabi was founded in 2017 and is based in Boston, Massachusetts.

Deal Context for Buyer #
Overall 1 of 1
Sector: Software 1 of 1
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United Kingdom 1 of 1
Year: 2024 1 of 1

Seller Profile 1

SELLER

GrayMeta

Beverly Hills, California, United States
Category Company
Founded 2014
Sector Software
DESCRIPTION

GrayMeta provides frame-accurate playback of mastered and encoded content with the broadest range of support for audio / visual formats and codecs, and now with Iris Insights, operators can take advantage of fully integrated Machine Learning services. GrayMeta was founded in 2014 and is based in Beverly Hills, California.

Deal Context for Seller #
Overall 1 of 1
Sector: Software 1 of 1
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United Kingdom 1 of 1
Year: 2024 1 of 1

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