Blackrock Neurotech Acquires Spatial Computing Software Firm Mindx To Commercialize Full-Stack Brain-Computer Interface Product
Apr 20, 2022•over 3 years ago
Acquiring Company
Blackrock Neurotech
Acquired Company
MindX
Description
Blackrock Neurotech ("Blackrock" or "the Company"), a leading implantable brain-computer interface ("BCI") technology backed by world-renowned investors Peter Thiel and Christian Angermeyer, announced today the acquisition of spatial computing software firm MindX, integrating the Company's innovative augmented reality ("AR") and artificial intelligence ("AI") technology with Blackrock's BCI hardware. MindX was created in 2017 by serial health-tech entrepreneur Julia Brown and Catalio Capital Management, a multi-strategy life sciences investment firm.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed