A financial services firm made an informed decision to acquire the assets of a startup that had recently closed its operations.

A financial services firm was looking to acquire the assets of a startup that had recently closed its operations.  The startup claimed to have developed novel AI technology but was unable to reach product market fit.  The acquirer saw the potential to accelerate the product roadmap for one of their offerings, and wanted to know to what extent the AI was proprietary and whether the technology was suitable to be managed by their in-house team.  SVSG CTOs determined that the technology was sound, but that there was significant technical debt and little documentation.  Further, the founders exhibited exceptional talent, and as such the acquirer felt confident in increasing the retention packages to bring the team in-house along with the assets.