Appen Acquires Figure Eight for $300,000,000

Company Information

Company
Figure Eight

Website

http://www.figure-eight.com

Location
940 Howard St. San Francisco, CA 94103

Description
Figure Eight is the essential data enrichment platform for data scientists. We combine the best of human and artificial intelligence to solve data problems.

Transaction Details

  • Date – 3/12/2019
  • Transaction Type – M&A
  • Transaction Amount – $300,000,000
  • Transaction Round
  • M&A Terms – Appen just announced that it’s acquiring Figure Eight in an all-cash deal that sees Appen paying $175 million upfront, with an additional payment of up to $125 million based on Figure Eight’s performance this year.