[ TRANSACTION RECORD ]

Apple Inc. Investment in DarwinAI — 2024

VERIFIED VECTOR ID: 001521 · tx-049
M SOURCE NODE — FUNDER
Apple Inc.
Technology United States
$100,000,000
EQUITY
14/03/2024
Q DESTINATION NODE — RECIPIENT
DarwinAI
Company Canada
Amount (USD)
$100.0M
Flow Type
EQUITY
Transaction Date
14/03/2024
Primary Source
View Filing ↗
Funder Profile [ M ]
Entity Apple Inc.
AUM 160000
HQ Location United States
Sector Technology
Recipient Profile [ Q ]
Entity DarwinAI
Entity Type Company
Jurisdiction Canada
Intelligence Note

Apple Inc. acquired the Canadian AI startup DarwinAI for an estimated 100 million dollars to enhance its on-device machine learning capabilities. The transaction brings expert AI researchers and computer vision technology into Apple’s ecosystem. This deal demonstrates the strategic use of institutional capital to maintain a competitive edge in artificial intelligence.

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Primary Forensic Source https://www.apple.com/newsroom/2024/03/apple-acquires-darwin-ai/
✓ SOURCE LINKED