Young America Capital Advises DeepNeuronic on Sale to Motorola Solutions
DeepNeuronic's technology is already used by customers in Portugal and Brazil.
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Rhea-AI Summary
Young America Capital advised DeepNeuronic on its completed sale to Motorola Solutions (MSI), which acquired the Portuguese company.
Motorola Solutions acquired 100% of DeepNeuronic’s share capital, including its Brazilian subsidiary. It plans to integrate DeepNeuronic’s AI video analytics into its Avigilon platform. DeepNeuronic’s 17-person team is joining Motorola Solutions and will remain in Covilhã.
Positive
- Minor pointYoung America Capital advised DeepNeuronic on its completed sale to Motorola Solutions.
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News Explained
The release says the sale terms were not disclosed, leaving the purchase price and financial scale of Motorola Solutions’ acquisition of DeepNeuronic unspecified in this announcement.
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Covilhã-based AI video analytics company to be integrated into Motorola Solutions' Avigilon platform
DeepNeuronic was founded in 2021 by Vasco Lopes and Bruno Degardin, who met at
"This was one of the sharper deals we worked on this year," said Peter Formanek, Founder and CEO of YAC. "Vasco and Bruno had a product customers were already paying for and a clear view of where video analytics was going. Motorola Solutions saw it too. Our job was to get both sides to a deal that worked, across two continents and a lot of time zones, and Ran did exactly that."
Ran Zfoni, Vice President and Head of
"The founders knew what they wanted: a buyer that could scale the technology and would keep the team together in Covilhã," said Zfoni. "Motorola Solutions was that buyer. Congratulations to Vasco, Bruno and everyone at DeepNeuronic."
About Young America Capital
Young America Capital, LLC is an investment bank based in Mamaroneck, New York. YAC advises founders and owners of lower-middle-market companies in the U.S. and abroad on M&A, capital raising and strategic transactions. Member FINRA/SIPC. www.yacapital.com
Media Contact
Kelly Pack | Young America Capital, LLC | [914-777-0100] | [kelly@yacapital.com]
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SOURCE Young America Capital
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