Schneider Electric agreed to buy PTC, and the article also lists nine other deals involving AI and data software companies. The largest transaction is Schneider’s roughly $22.6 billion cash purchase of PTC. After the deals, companies like BlueMatrix (Aiera), Automation Anywhere (Boost.ai), Harness (Augment Code), SAP (TechWolf), and Alight (Abett) expand their AI and data offerings, while other bidders make non-AI telecom and simulation acquisitions (BT/TalkTalk, FVLCRUM/Fidelity Technology Services, Acuity/Continuus).
European tech startups raised €15.8 billion across 300 funding deals in September after a slower August. The month’s total was up from €3.2 billion across 165 deals in August. Funding rebounded sharply, with 25 deals topping €100 million and additional large rounds including Mistral’s €3 billion Series D.
Exit51, a Vienna-based advisory firm, guides founders through selling smaller profitable startups with an enterprise value target up to about €10 million. The focus transactions include businesses with roughly €250,000 to €1 million in EBIT and up to about €10 million in annual revenue. The firm says it uses a lean team plus AI research and buyer matching to handle these smaller deals while keeping personal support central.
AI stocks fell after a Financial Times report said OpenAI’s annualized revenue is about $20 billion lower than previously reported, as OpenAI told investors its figure was near $50 billion instead of $68 billion. The Nasdaq dropped 1.25% on the day. The revenue discrepancy and lower net-vs-gross framing rattled investors and pushed down related tech stocks amid upcoming IPO expectations for OpenAI and Anthropic.
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