Rezolve Ai Boosts AI Commerce with $55M GroupBy Acquisition
Deal News | Feb 14, 2025 | Globenewswire
Rezolve Ai has announced the acquisition of GroupBy for $55 million in an all-equity transaction. The move aims to enhance Rezolve Ai's position in AI-driven commerce, adding significant high-margin revenues projected at $30 million by 2025. GroupBy, known for its AI-powered search and merchandising technology, processes over $30 billion in sales annually, making it a crucial complement to Rezolve Ai's growing suite of commerce solutions. Shareholders of GroupBy, including venture capital and debt holders, have demonstrated confidence in Rezolve Ai's potential by accepting equity stakes. The acquisition also aligns with Rezolve Ai's strategic collaborations with corporations like Microsoft, Google, and Tether, reinforcing its aim to lead in AI retail solutions. The decision to integrate GroupBy's technology into Rezolve Ai's platform underscores the latter's commitment to expanding its footprint in the competitive AI commerce landscape. By announcing this acquisition, Rezolve Ai highlights its growth strategy in transforming AI commerce and addressing the future of retail.
Sectors
- Artificial Intelligence
- E-commerce
- Venture Capital
Geography
- United States – Rezolve Ai is located in New York, which is central to this business development story.
- Canada – GroupBy is headquartered in Toronto, emphasizing the cross-border nature of the acquisition.
Industry
- Artificial Intelligence – The article discusses advancements and strategies in AI-driven commerce, highlighting acquisitions aimed at enhancing AI capabilities in retail.
- E-commerce – GroupBy's focus on retail technology and Rezolve Ai's commerce platform underline the significance of e-commerce developments in the transaction.
- Venture Capital – The equity-based acquisition involving venture capital investors reflects deep VC involvement in funding AI and commerce technology companies.
Financials
- $55 Million – Enterprise value of the GroupBy acquisition deal.
- $30 Million – Expected high-margin revenue for 2025 post-acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Rezolve Ai | Bidding Company | Company | A leader in AI-driven solutions specializing in enhancing customer engagement and operational efficiency. |
| GroupBy | Target Company | Company | Provider of commerce site search and merchandising solutions, driving over $30 billion in sales. |
| Daniel M. Wagner | CEO of Rezolve Ai | Person | He leads Rezolve Ai, overseeing its strategic initiatives and expansion in AI commerce. |
| GroupBy Shareholders | Selling Company | Company | Owners of equity, including VCs and debt holders, who accepted equity in Rezolve Ai for the transaction. |
| Core IR | Investor Relations | Company | Handles investor relations for Rezolve Ai. |
| Urmee Khan | Global Head of Communications | Person | Responsible for public communications at Rezolve Ai. |