Io Acquisition, Valuation, Funding & Investors

Instinct is a San Francisco start-up that builds a personal AI assistant, legally operated by Spear Street Technology Inc. and founded by Noah Shinn, a former Sierra employee. The assistant takes requests by text, phone call or WhatsApp and then uses a phone and a computer much as a person would, handling email, calendars, bookings, grocery orders and other everyday tasks. Access has been invite-only since a private beta that began in February 2026, and the company has about 14 employees. It raised a seed round at a $50 million valuation, a $75 million Series A led by Kleiner Perkins at $500 million, a $250 million Series B co-led by Index Ventures and Benchmark at $2.5 billion in August 2026, and a $1 billion Series C from Sequoia Capital, Benchmark and Coatue at $10 billion in September 2026. No acquisition or investment made by the company itself is documented.

DataRobot is a Boston software company that sells an enterprise artificial intelligence platform for building, deploying and governing machine learning models and, more recently, AI agents. It was founded in 2012 and became known for automated machine learning, which lets analysts and data scientists generate and compare predictive models without writing each algorithm by hand. Customers include banks, insurers, healthcare groups and government bodies, and the platform is sold as software subscriptions in the cloud or on premises. The company raised about 1 billion dollars from investors including New Enterprise Associates, Sapphire Ventures, Altimeter, Tiger Global and Salesforce Ventures, reaching a 6.3 billion dollar valuation with its 300 million dollar Series G in July 2021. It built its product through acquisitions including Nutonian, Nexosis, ParallelM, Paxata, Zepl, Algorithmia and Agnostiq.

UiPath Inc offers an end-to-end cross-application enterprise automation platform principally with computer vision technology and user interface automations in its initial RPA offering, which remains the foundation of the platform. The platform leverages a range of automation technologies including robotic process automation, application programming interface, and artificial intelligence. UiPath’s solution can automate a broad range of repetitive tasks across industries including claims processing, employee onboarding, invoice to cash, loan applications, and customer service.

Commure is a privately held healthcare technology company that sells an AI platform for health systems and physician practices covering revenue cycle management, ambient clinical documentation, patient engagement and practice management. It was incubated at General Catalyst in 2017 and grew by acquisition, buying PatientKeeper from HCA Healthcare in 2021, merging with Athelas in 2023 and acquiring Augmedix and Memora Health in 2024. Tanay Tandon, the Athelas co-founder, has been chief executive since the merger. The company reported more than 500 healthcare organizations as customers and annual recurring revenue above 200 million dollars in 2025. In May 2026 it raised 70 million dollars led by General Catalyst at a 7 billion dollar post-money valuation, bringing total capital raised to 750 million dollars.

Clay is a software company that provides a go-to-market data and automation platform for sales, marketing and revenue teams. The platform combines prospect data from many third-party providers with AI research agents so that teams can build target lists, enrich accounts, score leads and automate personalised outreach. Customers include technology companies and other business-to-business sellers, and the product is also used by a growing group of specialists known as go-to-market engineers. Clay earns subscription revenue, with usage-based credits for data enrichment and agent work. The company was founded in 2017 by Kareem Amin and Nicolae Rusan and is headquartered in New York. It acquired the alerting and workflow tool Avenue in 2025 to add intent-signal monitoring to its platform.

SenseTime Group Inc is a software company focused on creating an AI-empowered future through innovation. The company develops software & hardware products for different industry verticals and use cases based on the same AI infrastructure platform & model training framework. The principal activities of the Group are the sale of AI software, the sale of AI software platforms & related services, the sale of AI software-embedded hardware and related services, AIDC service as well as research and development activities with AI technology. The Company is domiciled in the Cayman Islands while the Group mainly operates its businesses in four geographical areas of the world Mainland China, Northeast Asia, Southeast Asia, and others, out of which the majority is from Mainland China.

SandboxAQ is a software company that builds Large Quantitative Models, AI systems trained on physics, chemistry and biology rather than on language, and sells them with quantum-related technology for cybersecurity, drug discovery, materials science, navigation and medical diagnostics. It began as a group inside Alphabet and became an independent company in March 2022, with Eric Schmidt as chairman and Jack Hidary as chief executive. Its products include AQtive Guard for managing cryptography and migrating to post-quantum standards, simulation platforms for molecules and materials, AQNav for navigation without satellite signals and AQMed for healthcare. Customers come from pharmaceuticals, chemicals, defense, energy, finance and telecommunications. The company has acquired Cryptosense and Good Chemistry, invests in quantum startups through a strategic investment program and counts investors such as Breyer Capital, T. Rowe Price, Google and NVIDIA. It signed a definitive agreement with the US Department of Commerce in June 2026 for a CHIPS research and development award.

Presight AI Holding PLC provides digital transformation services through big data analytics powered by artificial intelligence. It combines analytics, big data and AI expertise to serve every sector of every scale, to create business and societal value. The group’s world-class omni-analytics platform, TAQ, leverages big data and analytics to deliver cutting-edge Al technology, enabling forecasting and the anticipation of outcomes to support insight-driven, decision making that shapes policy and delivers societal impact.

Abridge is an AI-powered platform that converts patient-clinician conversations into structured clinical notes for electronic health records. Pittsburgh-based and founded in 2018, it serves over 100 health systems including UPMC and Mass General Brigham. The system uses generative AI to generate SOAP notes, discharge summaries, and billing codes, reducing documentation time by integrating with Epic and Cerner. Abridge processes millions of encounters annually, ensuring HIPAA compliance and supporting multilingual transcription across U.S. hospitals.

Quantum Systems (Quantum-Systems GmbH) is a German developer and manufacturer of autonomous unmanned systems headquartered in Gilching near Munich. Its aircraft include the Trinity electric vertical take-off mapping drone, the Vector and Twister reconnaissance drones and the long-range Reliant, increasingly linked with ground, maritime and counter-drone systems through its MOSAIC UXS mission software. It sells hardware, software and services to armed forces and government agencies, including the Bundeswehr and the militaries of Ukraine, Australia, Romania and Spain, and to commercial customers in surveying, mining, agriculture and infrastructure. The company generated revenue of EUR 300 million in 2025 and says it is profitable; in 2024 it had about 350 employees and more than 450 customers, and by late 2025 it employed up to 1,000 people across Germany, Ukraine, the US, Australia, Romania, the UK and the Baltics. In 2025 it acquired AirRobot, Nordic Unmanned and Spleenlab. It remains privately held and venture-backed, and in July 2026 it signed a USD 1.2 billion Series D co-led by Blackstone, Noteus, Airbus and Advent at a post-money valuation of about USD 8 billion. Quantum Systems was founded in January 2015 by former Bundeswehr helicopter pilot Florian Seibel with Armin Busse, Tobias Kloss and Michael Kriegel.

Socure is a New York-headquartered provider of AI-powered digital identity verification and fraud prevention solutions. The Sigma platform performs KYC, AML screening, and biometric authentication using device intelligence and email validation. Financial institutions like Chime and Capital One rely on Socure for instant approvals at onboarding. The company processes billions of transactions annually and holds SOC 2 Type II compliance. Founded in 2012, Socure operates globally with data centers in the United States and Europe.

Ineffable Intelligence builds machine learning systems that learn via reinforcement learning through interaction and experience in simulated or real environments. These systems form a superlearner capable of autonomous knowledge generation, adaptation, and problem-solving across domains.

Legora is a Swedish legal technology company headquartered in Stockholm that sells an agentic operating system for legal work. It was founded in 2023 as Leya by Max Junestrand, Sigge Labor and August Erseus and took the Legora name in 2025. Law firms and in-house legal teams use the platform for research, document review, drafting and workflow automation, through a Word add-in, an editor and other tools. Legora serves more than 2,000 customers in over 80 markets, employs more than 1,000 people in 18 offices and reports annual recurring revenue above 200 million dollars. It raised a 550 million dollar Series E at an 8.8 billion dollar valuation in October 2026. In 2026 it acquired Walter, Qura, Graceview, Cadastral and Wexler to extend the platform.

Recursive Superintelligence is an AI research firm building systems that autonomously improve via recursive self-learning. Its frameworks automate the AI development lifecycle, including experiment design, model training, evaluation, and optimization in feedback loops. The technology reduces manual engineering for scalable applications in research, enterprise deployment, and data-driven settings.

Fal is a San Francisco-headquartered generative media platform providing AI tools for developers to create audio, video, and images. The service supports rapid inference via APIs compatible with models like Stable Diffusion and Llama, enabling seamless integration into apps for content generation. Fal optimizes GPU resources for high-speed media production in creative and production workflows.

Zuoyebang is a Beijing-headquartered online education provider serving primary and secondary students across China. Its AI-powered platform enables homework photo uploads for instant solutions, alongside live classes, recorded courses, and exam preparation for kindergarten through 12th grade. Backed by investors including Baidu, Alibaba, Sequoia Capital China, and SoftBank Vision Fund, Zuoyebang reported over 200 million registered users by 2020 and expanded into after-school tutoring programs.

Relativity Space is a Long Beach-headquartered aerospace manufacturer pioneering 3D-printed rockets. Founded in 2015, it builds Terran 1 and Terran R vehicles using additive manufacturing, AI, and robotics for a supply chain with 100 times fewer parts. The company assembles rockets in under 60 days at its Florida launch site for satellite constellation missions.

Iflytek Co Ltd is a China-based company, principally engaged in the software and information technology (IT) service businesses. The company’s business includes intelligent application systems, software for voice and speech recognition and conversion, computer software design services, and computer programming services. The company's main products include AI language learning products, AI learning machines, AI diagnosis and treatment assistant products, smart medical devices, the iFLYTEK Hearing Smart Conference System, the iFLYTEK Spark App, the iFLYTEK Smart Office Book, the iFLYTEK Translator, and others.