PhotonAI Acquires Multiven for $2.2 Billion Boomcoin Deal
Deal News | Jun 03, 2025 | PR Newswire Cision Photon AI Ltd
PhotonAI, an African AI infrastructure company, has acquired Multiven, a global cybersecurity leader, for $2.2 billion in an all-digital asset transaction using Boomcoin (BMC). The deal marks PhotonAI as the pioneering company integrating military-grade cyber defence into its AI stack across Africa. Founded in 2005 in Palo Alto, Multiven has been a cornerstone in protecting critical global infrastructures against state-sponsored threats. This integration places PhotonAI at the forefront of Africa's AI market, projected to reach a $3 trillion economic value by 2030, by embedding Multiven's cybersecurity as a foundational layer. PhotonAI aims to provide secure, scalable infrastructure essential for Africa's digital future while positioning itself as a leader in AI cyberdefence, offering services globally under their AI Cyberdefence-as-a-Service (AICaaS) model. The acquisition also includes a $2.5 billion structured loan facility in Boomcoin, highlighting a major moment in digital-asset financing.
Sectors
- Artificial Intelligence
- Cybersecurity
- Digital Assets
Geography
- Africa – PhotonAI focuses on building AI infrastructure across Africa, a market projected to generate significant economic value in the coming years.
- United States – Multiven was founded in Palo Alto, California, indicating its United States origins and expertise in cybersecurity.
- United Kingdom – The news release mentions London, highlighting a UK connection, possibly due to business operations or regulatory announcements related to the acquisition.
Industry
- Artificial Intelligence – The article discusses PhotonAI, a company focused on AI infrastructure in Africa, highlighting its importance in the continent's developing AI market.
- Cybersecurity – Multiven, the acquired company, specializes in cybersecurity, which will enhance PhotonAI's offerings by integrating robust cyber defense into its infrastructure.
- Digital Assets – The acquisition is notable for its use of Boomcoin, a digital asset, showing the growing influence of digital financing mechanisms.
Financials
- $2.2 billion – The acquisition price of Multiven by PhotonAI, denominated in Boomcoin.
- $2.5 billion – The structured loan facility issued by Boom Group Holdings Ltd, used to finance the acquisition.
- $3 trillion – The projected economic value of Africa's AI market by 2030.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PhotonAI | Acquirer | Company | PhotonAI is Africa’s pioneering AI infrastructure and foundational model company. |
| Multiven | Target Company | Company | Multiven is a global cybersecurity and cyberdefence leader protecting critical infrastructure. |
| Boom Group Holdings Ltd | Provider of Loan Facility | Company | Boom Group Holdings Ltd provided a $2.5 billion structured loan in Boomcoin for the acquisition. |
| Boomcoin (BMC) | Digital Asset Used for Transaction | Other | Boomcoin is the digital asset used for the transaction, highlighting its role in the financing of PhotonAI's acquisition. |
| Peter Alfred-Adekeye | Founder of PhotonAI | Person | He is the founder and a key spokesperson for PhotonAI, shaping its strategic direction. |