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Gridbeyond Acquires Veritone’S Energy Business

PRIVATEJul 10, 2023

Acquiring Company

GridBeyond

Acquired Company

Veritone

DublinIrvineEnergyRenewable EnergySoftwareArtificial IntelligenceAnalyticsMachine LearningNatural Language ProcessingBig Data

Description

GridBeyond, a global smart energy company, has announced the acquisition of Veritone Inc Energy Business, a leader in AI software and services in North America, strengthening the business’ position in the US market.

Quick answer

GridBeyond is acquiring Veritone, announced July 10, 2023. GridBeyond is based in Dublin, Dublin, Ireland.

How much did GridBeyond pay for Veritone?
The deal value was not disclosed.
What does GridBeyond do?
GridBeyond is a smart energy company led by Michael Phelan and Richard O'Loughlin.
Where are GridBeyond and Veritone based?
GridBeyond is based in Dublin, Dublin, Ireland. Veritone is based in Irvine, California, United States.
Who are the decision-makers at GridBeyond?
Fundz holds 4 contacts at GridBeyond. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Energy and Renewable Energy

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

Who to call at GridBeyond, and when

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Company Information

Company

GridBeyond

Location

Dublin, Dublin, Ireland

About

GridBeyond is a smart energy company led by Michael Phelan and Richard O'Loughlin. By leveraging AI, we create optimal value from generation, demand and storage, innovating and collaborating with our customers to achieve a zero-carbon future. By bridging the gap between distributed energy resources and power markets, GridBeyond's technology leverages all connected assets, including utility-scale renewable energy generation, battery storage, and energy demand loads, to maximize opportunities and power grid support the strengthening of By intelligently delivering flexibility to the right markets at the right time, asset owners and energy consumers can unlock new revenue and savings, resilience and price volatility while supporting the transition to a net-zero future. management is possible. For more information, please visit www.gridbeyond.com .

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Frequently asked

Who acquired Veritone?

Veritone was acquired by GridBeyond, based in Dublin. The deal was reported on July 10, 2023. GridBeyond is a smart energy company led by Michael Phelan and Richard O'Loughlin. GridBeyond is privately held and operates in Energy.

When did GridBeyond acquire Veritone?

GridBeyond's acquisition of Veritone was reported on July 10, 2023. GridBeyond, a global smart energy company, has announced the acquisition of Veritone Inc Energy Business, a leader in AI software and services in North America, strengthening the business’ position in the US market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Veritone do?

Veritone, Inc. operates in the artificial intelligence and technology industry, focusing on advanced AI solutions that transform unstructured data into actionable insights. It is publicly traded (VERI), operating in Software, and is based in Irvine.

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