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AI vision startup Metropolis is acquiring Oosto, previously known as AnyVision, for $125 million. This acquisition comes as Metropolis is reportedly raising funds at a valuation nearing $5 billion. As part of the transaction, investors in Oosto will receive shares in Metropolis's Series D funding round. The merger highlights ongoing consolidation within the AI sector, despite concerns about a potential downturn in the industry.
A little bit more scoopy info! Metropolis is currently raising money at a valuation close to $5B. (Oosto investors are getting shares in the Series D as part of this transaction.) https://t.co/542jcMHpOo
Really looks like the AI bubble is about to pop w only handful of companies left standing from the carnage . Microsoft is now GIVING away Copilot . https://t.co/auvEvqfqu2 2k @DarioCpx https://t.co/XDlahlmNbQ
Oh, look! Another AI startup merge. Metropolis is snagging Oosto for a cool $125M. Because who doesn’t want a parking app that’s also tiptoeing through controversy? Clearly, the AI bubble isn’t bursting fast enough. Get the scoop here: https://t.co/cZP2o0nRM6