Protect Ai Acquires Huntr; Launches World’S First Artificial Intelligence And Machine Learning Bug Bounty Platform
Aug 08, 2023•about 2 years ago
Acquiring Company
Protect AI
Acquired Company
NN, Inc.
Description
Protect AI, the leading artificial intelligence (AI) and machine learning (ML) security company, today announced the launch of huntr, a groundbreaking AI/ML bug bounty platform focused exclusively on protecting AI/ML open-source software (OSS), foundational models, and ML Systems. The company is a silver sponsor at Black Hat USA, Booth 2610.
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