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ShiftPixy, Inc. completes acquisition of TurboScale to enhance AI capabilities

PRIVATEOct 17, 2024

Acquiring Company

ShiftPixy, Inc.

Acquired Company

TurboScale

MiamiOtherInformation TechnologyProfessional ServicesInformation TechnologyArtificial IntelligenceMachine Learning

Description

ShiftPixy, Inc., a Florida-based national staffing enterprise, has announced its acquisition of TurboScale, a cutting-edge AI technology company specializing in scalable GPU cloud infrastructure and AI model deployment. The $150 million transaction, with $75 million in stock and $75 million in debt, underscores ShiftPixy's commitment to accelerating innovation through artificial intelligence and enhancing its platform capabilities with TurboScale's advanced AI solutions.

Quick answer

ShiftPixy, Inc. is acquiring TurboScale, announced October 17, 2024. ShiftPixy, Inc. is based in Miami, Florida, United States.

How much did ShiftPixy, Inc. pay for TurboScale?
The deal value was not disclosed.
What does ShiftPixy, Inc. do?
ShiftPixy is Enabling Gig Economy Participation And Engagement For Your Business Designed to sync work opportunities from job providers with the open time slots of available shift workers.
Where are ShiftPixy, Inc. and TurboScale based?
ShiftPixy, Inc. is based in Miami, Florida, United States.
Who are the decision-makers at ShiftPixy, Inc?
Fundz holds 1 contact at ShiftPixy, Inc. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

ShiftPixy, Inc.

Location

4101 NW 25th Street

Miami, Florida, United States

About

ShiftPixy is Enabling Gig Economy Participation And Engagement For Your Business Designed to sync work opportunities from job providers with the open time slots of available shift workers. ShiftPixy manages relationships with job providers to take open shift opportunities that are filling their schedules and offer them as work opportunities to qualified workers without the formal job interview and commitments. The ShiftPixy app allows shift workers to enroll, profile and prequalify based on their work and training experience for open shift opportunities. “Shifters” can earn provider-specific qualifications to boost their score and access to more shift opportunities.

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Frequently asked

Who acquired TurboScale?

TurboScale was acquired by ShiftPixy, Inc., based in Miami. The deal was reported on October 17, 2024. ShiftPixy is Enabling Gig Economy Participation And Engagement For Your Business Designed to sync work opportunities from job providers with the open time slots of available shift workers. ShiftPixy, Inc. is privately held and operates in Other.

When did ShiftPixy, Inc. acquire TurboScale?

ShiftPixy, Inc.'s acquisition of TurboScale was reported on October 17, 2024. ShiftPixy, Inc., a Florida-based national staffing enterprise, has announced its acquisition of TurboScale, a cutting-edge AI technology company specializing in scalable GPU cloud infrastructure and AI model deployment. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does TurboScale do?

TurboScale specializes in AI infrastructure solutions, offering GPU-powered cloud services for AI model training and deployment. It is privately held, operating in Information Technology.

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