GridBeyond has made its first acquisition, snapping up the energy business of Nasdaq-listed Veritone in a multimillion-dollar deal.
Although no figures relating the deal have been publicly disclosed, Veritone earlier this year announced plans to divest the business as part of a strategy to raise between $12 million and $15 million in savings. Founded in 2007 by Michael Phelan, Kildare-based GridBeyond is a smart energy company that last year secured €6 million in debt financing ...