M&A

M&A

Enterprise AI co C5i acquires UK’s Datavid in $50-M all-cash deal

Economic Times  

Bengaluru-headquartered artificial intelligence and analytics firm C5i has acquired London-based data and AI company Datavid . The all-cash transaction was valued at USD 45-50 million.Datavid specialises in graph data engineering and knowledge graphs, technologies that help organisations structure fragmented enterprise data for use by large language models and agentic AI systems.The deal is structured as a three-year earn-out, with Datavid’s leadership team expected to remain with the company. Datavid has a team of about 120 AI scientists that will be absorbed by C5i.C5i is backed by 360 ONE Asset (formerly IIFL Asset Management) and Nuvama Wealth. The latest acquisition could contribute around 15% of C5i’s revenue after integration. In July 2024, C5i acquired analytics firm Analytic Edge in a deal valued at USD 30-40 million.