The AI Eye: VMware (NYSE: VMW) Announces Intention to Acquire AI Company Nyansa and mCloud Closes (TSXV: MCLD) Acquisition of CSA, Inc.
Point Roberts, WA and Vancouver, BC - January 27, 2020 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today's edition of The AI Eye - watching stock news, deal tracker and advancements in artificial intelligence.
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The #AI Eye: VMware (NYSE: $VMW) Announces Intention to Acquire AI Company Nyansa and mCloud Closes (TSXV: MCLD) Acquisition of CSA, Inc. #artificialintelligence
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NYSE:VMW) (TSXV:MCLD)
VMware, Inc. (NYSE:VMW) recently announced its intention to acquire AI-based network analytics company Nyansa, Inc. Nyansa boasts AI and machine learning capabilities, including its Voyance platform, which is "a vendor-agnostic, cloud-based AIOps platform." According to the press release, the acquisition of Nyansa to "VMware's existing network and security portfolio will make it easier for customers to operate and troubleshoot the Virtual Cloud Network and further VMware's ability to enable Self-Healing Networks." Sanjay Uppal, vice president and general manager, VeloCloud Business Unit, VMware, explained:
"The acquisition of Nyansa will accelerate VMware's delivery of end-to-end monitoring and troubleshooting capabilities for LAN/WAN deployments within our industry-leading SD-WAN solution. Nyansa is a proven solution that solves many of the shortcomings of today's vendor-specific solutions. Nyansa currently analyzes user network traffic from more than 20 million client devices across thousands of customer sites at companies including Tesla, Uber, Lululemon, Rooms To Go, GE Healthcare, SF International Airport, Stanford, Northeast Georgia Healthcare System and many others."
VMware stock saw a modest uptick following this announcement, but the trading price has since cooled down along with much of the stock market today, following concerns over the deadly coronavirus over the weekend.
mCloud Technologies Corp. (TSXV:MCLD) has today closed its previously announced acquisition of Atlanta-based 3D tech firm Construction Systems Associates, Inc. (CSA). Costantino Lanza, mCloud's Chief Growth and Revenue Officer, explained:
"The demand for our 3D Digital Twin capabilities has been strong and swift. We expect the acquisition of CSA will expedite the upcoming delivery of new 3D capabilities to customers in North America, the Middle East, and Southeast Asia throughout 2020 and beyond."
"This acquisition further positions mCloud to become one of the largest providers of 3D asset management capabilities in the nuclear power industry in North America. The combination of CSA's robust 3D capabilities and our AssetCare platform enables us to deliver powerful 3D Digital Twins to our process industry customers at oil and gas, petrochemical, LNG, and pipeline facilities worldwide."
Despite this news, mCloud stock is actually down about 4 percent today, though it is likely that this is more a reflection of the previously-mentioned general malaise seen in the market this morning. For more on mCloud, feel free to check out an interview Investorideas.com did with its CEO Russ McMeekin last year regarding the company's AI-powered AssetCare platform.
2019 Sees Record in AI Startup Funding with $26.6 Billion
Research from CBInsights finds that 2019 was a record year for AI startups funding. According to the site, "Over 4.3K AI startups in 80 countries have raised $83B since 2014" and $26.6 billion went to startups in the space last year. An article on VentureBeat outlining the CBInsights study, indicated the following highlights from the report:
- Early-stage deals continue to dominate, with more than 70% of deals going to early-stage or series A funding rounds.
- 10 companies - including UiPath, Megvii, and Nuro - raised funding rounds higher than $100 million. All 10 companies are based in China, the U.K., or the U.S.
- Accounting for $4 billion of the 26.6 billion, health care leads the way in global AI startup deal distribution, followed by industries like finance ($2.2 billion), retail ($1.5 billion), sales, and cybersecurity.
- Merger and acquisition activity was also highest in health care, sales, and retail industries.
Sam Mowers, Investorideas.com
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