January 10, 2017

Amazon Web Services acquires Harvest.ai: Reports

The acquisition was valued at $19 million and was reportedly closed in 2016

According to reports by TechCrunch and GeekWire, Amazon Web services (AWS) has acquired San Diego-based cyber security startup Harvest.ai. The deal is reported to have closed at $19 million which according to TechCrunch is a good return considering that the startup only raised $2.3 million.

According to multiple sources, AWS bought Harvest.ai in early 2016. The acquisition was made stealthily, therefore it wasn’t known until recently when investors and tipsters leaked details about the deal. It has also been reported that few of Harvest.ai’s employees are relocating to Amazon’s Seattle headquarters.

Fred Wang, technology venture capital investor at ‎Trinity Ventures, an investor in Harvest.ai commented:

I know AWS is selling Harvest.ai’s technology, but I’m not sure if it’s been rolled into AWS’s own offerings.

Wang declined to disclose or confirm the purchase price but said in a phone interview that “it was a good win for the investors and for the management team.”

TechCrunch has also mentioned that Trinity Ventures notes harvest.ai as ‘acquired’ on its portfolio page but does not specify by whom.

Share this articleShare on FacebookShare on Google+Tweet about this on Twitter