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Cloudfactory Acquires Hasty, A Leading Platform To Accelerate Vision Ai

Sep 08, 2022•over 3 years ago

Acquiring Company

CloudFactory

Acquired Company

Hasty

DurhamNatural Language ProcessingMachine LearningArtificial IntelligenceInformation TechnologySoftware

Description

CloudFactory, a global leader in human-in-the-loop artificial intelligence (AI), today announced that it has completed the acquisition of Hasty, a data-centric machine learning (ML) platform that allows companies to build and deploy vision AI applications faster and more reliably. Combined with CloudFactory’s best-in-class workforce, the acquisition will provide clients with all the essential components needed to accelerate the development of high-performing models.

Company Information

Company

CloudFactory

Location

United States

Durham, North Carolina, United States

About

CloudFactory is a human-in-the-loop AI data platform company that helps AI leaders like Microsoft, Mitsubishi, Ibotta, and Expensify achieve AI advancements that drive innovation and deliver business value by bridging the gap between AI model development and real-world success. Founded in 2010, CloudFactory is on a mission to empower talented people around the world to become the skilled humans in the loop vital for unlocking AI's full potential. We’re on four continents, with offices in the UK, US, Germany, Kenya, and Nepal.

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M&A Insights

Based on deal data
Integration 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