 |
ICR Inc. handles iLearningEngines as the AI-powered corporate and educational learning systems goes public via a $1.4B SPAC deal with Arrowroot Acquisition Corp.
Founded in 2010, iLearningEngines chalked up $309M in 2022 revenues, which was up 42 percent over the year earlier period.
The Bethesda-based company has a dozen core verticals, including oil & gas, healthcare, industrial and insurance sectors.
“As an early pioneer in enterprise AI and its application in learning and process automation, we believe iLearningEngines is in a category of one—owning a unique space with first mover advantage and significant moats built around specialized learning and engagement subsets,” said founder/CEO Harish Chidambaran.
iLearningEngines, which has offices in Dubai, Australia and India, will trade on the NASDAQ.
ICR’s Kevin Hunt works the investment community for iLearningEngines, while Kevin McLaughlin handles the media.
FGS Global represents private equity firm Thoma Bravo as it makes a $4.6B bid for Darktrace, a UK-based cybersecurity artificial intelligence firm.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Have a comment? Send it to 
No comments have been submitted for this story yet.