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Mad Street Den Acquires Inturn, An Enterprise Software Solution For Managing Slow Moving And Excess Inventory

Nov 08, 2022about 3 years ago

Acquiring Company

Mad Street Den

Acquired Company

Inturn

Redwood CityOther

Description

Mad Street Den an award winning AI company today announced its acquisition of New York based Inturn which provides enterprise consumer brands a system of record to manage and optimize slow-moving or excess inventory.

Company Information

Company

Mad Street Den

Location

203 Redwood Shores Parkway

Redwood City, California, United States

About

Mad Street Den® is a computer vision and artificial intelligence company, founded with a mission to make people all over the globe, A.I natives. The team’s mission is to build models of generalizable intelligence and create actionable ways to contextualize AI on scale, helping millions of people across the globe to become A.I native. The company’s first vertical, under its flagship brand, Vue.ai®, aims to bring this mission into the retail industry. The image and video recognition platform transforms traditional stores and online retail businesses with intelligent retail automation. Vue.ai® has succeeded in becoming one of the most well-known, value-driven retail A.I firms within the industry in a short span of 3 years. With the accelerated growth of its first vertical, the firm has now begun its expansion into other verticals including healthcare, education, finance, and more, inching closer to it’s bigger mission. Mad Street Den is funded by marquee investors, including Sequoia Capital and Falcon Edge Capital. With about $30M in funding and a star-studded AI team, we’re now looking to grow our organization across the globe rapidly and are hiring for the following positions. The company has over 220+ employees across the US, Japan, and India - and we’re still growing!

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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