| AUGUST 6, 2026 |
ADA (Axiata) acquires Algonomy
TARGET
AI-powered retail decisioning platform providing omnichannel personalization, merchandising intelligence, and supply chain optimization software to retailers and consumer brands globally.
| Ownership | VC-backed |
| Investors | Avataar Venture Partners, Temasek, Eight Roads, Chiratae Ventures, Draper Associates +2 more |
| Capital raised | $125M |
| Headcount | 363 FTEs |
| Headquarters | San Francisco, California |
| Leadership | Atul Jalan, CEO |
| Sell-side advisor | BDA Partners (exclusive financial advisor to Algonomy and its shareholders Temasek |
| Advisor team | Jyotin Gagrani, Managing Director (BDA Partners (exclusive financial advisor to Algonomy and its shareholders Temasek) Shubham Verma, Vice President (BDA Partners (exclusive financial advisor to Algonomy and its shareholders Temasek) Uday Bansal, Associate (BDA Partners (exclusive financial advisor to Algonomy and its shareholders Temasek) Mahimn Bhatt, Associate (BDA Partners (exclusive financial advisor to Algonomy and its shareholders Temasek) |
ACQUIRER
Malaysia-based technology company (ADA)
| Ownership | Subsidiary |
| Parent | Axiata |
| Investors | Axiata Group (via Axiata Digital Services), SoftBank Corp., Mitsui & Co., Sumitomo Corporation |
| Capital raised | $138M |
| Headcount | ~1,300 FTEs |
| Headquarters | Kuala Lumpur, Malaysia |
| Leadership | Srinivas Gattamneni, Chief Executive Officer |
| Buy-side advisor | — |
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