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Arrowroot Acquisition finalizes merger with iLearningEngines to expand AI-powered learning automation capabilities

PRIVATEApr 16, 2024

Acquiring Company

Arrowroot Acquisition Corp

Acquired Company

iLearningEngines

Marina Del ReyBethesdaSoftwareData And AnalyticsScience And EngineeringArtificial IntelligenceEducationMachine Learning

Description

Arrowroot Acquisition successfully completed its merger with iLearningEngines, following substantial shareholder approval. The merger will enable Arrowroot Acquisition to enhance its capabilities in AI-powered learning automation and information intelligence.

Quick answer

Arrowroot Acquisition Corp is acquiring iLearningEngines, announced April 16, 2024. Arrowroot Acquisition Corp is based in Marina Del Rey, California, United States.

How much did Arrowroot Acquisition Corp pay for iLearningEngines?
The deal value was not disclosed.
What does Arrowroot Acquisition Corp do?
Arrowroot Acquisition Corp. is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more businesses.
Where are Arrowroot Acquisition Corp and iLearningEngines based?
Arrowroot Acquisition Corp is based in Marina Del Rey, California, United States. iLearningEngines is based in Bethesda, Maryland, United States.

Source: Fundz verified event record.

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Company Information

Company

Arrowroot Acquisition Corp

Location

Marina Del Rey, California, United States

About

Arrowroot Acquisition Corp. is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more businesses. Led by Matthew Safaii, as Chief Executive Officer, and Thomas Olivier, as President and Chief Financial Officer, the management team has decades of experience in identifying, evaluating, advising, and investing in transformational growth companies in the technology sector.

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Frequently asked

Who acquired iLearningEngines?

iLearningEngines was acquired by Arrowroot Acquisition Corp, based in Marina Del Rey. The deal was reported on April 16, 2024. Arrowroot Acquisition Corp. is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more businesses. Arrowroot Acquisition Corp is privately held.

When did Arrowroot Acquisition Corp acquire iLearningEngines?

Arrowroot Acquisition Corp's acquisition of iLearningEngines was reported on April 16, 2024. Arrowroot Acquisition successfully completed its merger with iLearningEngines, following substantial shareholder approval. The merger will enable Arrowroot Acquisition to enhance its capabilities in AI-powered learning automation and information intelligence. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does iLearningEngines do?

iLearningEngines (iLE) is the market leader in cloud-based, mission critical training for enterprises. It is privately held, operating in Software, and is based in Bethesda.

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