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.