SAP agreed to acquire Belgian AI startup TechWolf for an undisclosed sum. The company said it is the largest acquisition of a venture-backed software company in Belgian history. The deal means SAP will bring TechWolf’s AI capabilities into its software business.
SAP is acquiring Belgian AI startup TechWolf to use its workforce skills and work understanding for its talent strategy. The company was founded in 2018, and TechWolf has raised more than $50m in total. The acquisition is expected to close in Q4 this year, expanding SAP’s AI-driven HR and workforce planning capabilities via TechWolf’s technology.
Init, a German public-transport technology company, acquired a majority stake in Norwegian start-up Applied Autonomy to run driverless bus operations using Applied Autonomy’s xFlow software. It bought 67.74 percent of the Kongsberg-based company, and the purchase price was not disclosed. Init plans to combine xFlow with its MOBILE-ITCS system to operate autonomous and conventional bus fleets in a single environment, with a focus on expanding in Germany.
Meta and Microsoft are reducing internal use of Anthropic’s Claude across teams and products. Microsoft cut projected Claude spending from over $1 billion annually, and its monthly per-employee cloud budget fell from $100,000 to about $10,000. Meta saw Claude Code users drop from about 60,000 to 30,000 while shifting toward its own coding tools, and both companies used in-house or competing AI offerings instead.
Comparables.ai raised $6 million in a seed round to expand its AI platform for finding M&A targets using a global dataset of over 370 million companies. The funding round is 5.1 million euros and will be used to expand into more markets and strengthen its AI engine. As a result, dealmakers are expected to get broader, faster access to company matches and related financials, ownership structures, and decision makers across more countries.
Personio acquired Berlin spend management fintech Circula to unify salaries, benefits, reimbursements, travel expenses, corporate cards, and employee benefits on one platform. Circula has more than 3,000 customers and about 250,000 users, while Personio serves 16,000+ companies with 1.6 million employees. Circula will operate as “Circula by Personio,” its team will move to Personio, and the stand-alone product will remain available for non-Personio customers.
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