mnubo: Behind The Exit With White Star Capital and McRock Capital
Summary
What’s more, mubo also provides an application builder that enables its customers to deliver AIoT (Artificial Intelligence of Things) that has proven valuable in multiple industries and benefitted from live use cases from day one. WSC: It comes down to strategy – when we first invested in mnubo, we were confident in the company’s ability to empower product makers with intelligently made data-centric tools, and therefore scale globally, and quickly. They’ve built an impressive presence and customer base in Japan, collaborating closely with White Star and our Japan-based investors to achieve such commercial scale, thus validating our global connectivity model. WSC: mnubo was acquired by AspenTech to accelerate the realization of its vision for the next generation of technology that combines deep process expertise with artificial intelligence and machine learning, so we believe one could expect more growth at a global scale while still investing and developing the Quebec AI ecosystem. This exit crystalizes the value of the AI / data science talent in Quebec, setting another good example of a Montreal-based business succeeding at a global scale and obtaining interest from a major U.S. tech-listed player.
