Thematic: software JOIN BETA
 
←  back to the issue
● STRATEGIC  |  MARTECH · Retail & E-commerce Personalization
AUGUST 6, 2026
ADA (Axiata) acquires Algonomy
TARGET
Algonomy
AI-powered retail decisioning platform providing omnichannel personalization, merchandising intelligence, and supply chain optimization software to retailers and consumer brands globally.
OwnershipVC-backed · Avataar Venture Partners, Temasek, Eight Roads, Chiratae Ventures, Draper Associates +2 more
Capital raised$125M
Headcount363 FTEs
HeadquartersSan Francisco, California
Leadership
Kartikeya Prakash, Partner (Khaitan & Co)
Sell-side advisorBDA 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)
Jyotin Gagrani, Managing Director (BDA Partners)
Shubham Verma, Vice President (BDA Partners)
Uday Bansal, Associate (BDA Partners)
Mahimn Bhatt, Associate (BDA Partners)
ACQUIRER
ADA
Malaysia-based technology company (ADA)
OwnershipSubsidiary · Axiata (parent); Axiata Group (via Axiata Digital Services), SoftBank Corp., Mitsui & Co., Sumitomo Corporation
Capital raised$138M
Headcount~1,300 FTEs
HeadquartersKuala Lumpur, Malaysia
Leadership
Srinivas Gattamneni, Chief Executive Officer
Buy-side advisor—
Share deal Copy detailsView press release ↗
Spotted an error or advised on this transaction? Claim credit or send a correction
    MORE IN MARTECH
Taboola acquires Dianomi Ad Tech & MeasurementSEP 18
Dianomi – native advertising platform placing finance-brand sponsored content on premium publishers including Reuters, CNN Business, and WSJ, serving advertisers such as Charles Schwab, Invesco, and Bank of America. ›
Cyces Inc. acquires Looppanel Market Research & InsightsSEP 16
Looppanel – AI-powered qualitative user research platform offering transcription, thematic analysis, and insight repository tools for UX and product teams ›
xSeek acquires LLMonade SEO & ContentSEP 15
LLMonade – GEO and LLM SEO tools and services that help brands write, revise, and publish content optimized for citation by AI answer engines such as ChatGPT and Perplexity ›
Cemantica acquires Blue Green Ad Tech & MeasurementSEP 14
Blue Green – patented digital customer journey analytics and experience optimization software serving enterprise B2C, B2B, and B2B2C brands in financial services, healthcare, consumer, and technology ›
Monaco acquires Overlayy Sales EnablementSEP 5
Overlayy – Agentic AI copilot for B2B sales reps that analyzes sales conversations to automate account research, meeting prep, and pipeline intelligence; also built SalesQA, a benchmark for evaluating AI on real B2B sales conversations ›
Adobe acquires Rilo Sales EnablementSEP 3
Rilo – AI workflow automation agents for marketing and go-to-market teams that execute competitive intelligence, prospecting, content distribution, and sales-call analysis via natural-language instructions ›
Browse the full register →
 
Thematic: software SEARCH   CONTACT
© 2026 Thematic   |  Privacy Policy   |  Terms of Service
Thematic is a news publication, not an investment adviser. Nothing here is investment advice or a recommendation to buy or sell any security. Researched and compiled by Thematic; accuracy and completeness are not guaranteed.