Financial services firm Moody’s announced on Monday that it has agreed to acquire Cape Analytics, a geospatial AI startup, for an undisclosed sum. The deal, which is expected to close in Q1, subject to customary closing conditions, will give Moody’s access to Cape’s geospatial AI analytics technology for insurance underwriting. With the tech, Moody’s plans… Continua a leggere Moody’s agrees to acquire Cape Analytics, which develops geospatial AI for insurance providers
eBay acquires Caramel to reduce risk and complexity of online car sales
E-commerce giant eBay has announced plans to acquire Caramel, a startup that helps car sellers and buyers complete the final steps of the transaction — including verification, financing, paperwork, ownership transfer, insurance, and more. As eBay has grown through the years, it has had to evolve to remain competitive — last year, for instance, the… Continua a leggere eBay acquires Caramel to reduce risk and complexity of online car sales