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3w ago

NiCE to Acquire Cognigy in $955 Million Deal, Europe’s Largest AI Exit

The agreement carries a $50 million earn-out, with closing set for Q4 2025 pending regulatory clearance.

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Overview

  • NiCE and Cognigy sign a definitive acquisition agreement valued at $955 million, marking the biggest AI startup exit in Europe to date.
  • An earn-out of $50 million will be paid equally in cash and stock over a defined performance period.
  • The transaction is fully financed by NiCE and is expected to complete by the fourth quarter of 2025 after regulatory approval.
  • Defense-tech startup Project Q raises €7.5 million from Project A Ventures, Expeditions Fund and Superangel to develop its interoperable sensor platform.
  • Berlin fashion label Saint Sass secures $5 million from Infinitas Capital and Bronk Venture Capital as AgriTech spin-off Avemoy closes a seven-figure round, underlining diversified investor interest in European tech ventures.