About the client
Founded in Copenhagen, Spektral is a pioneering developer of machine learning technology for real-time compositing applications enabling mixed reality video content creation. The company specializes in combining deep neural networks and spectral graph theory to separate people and objects in different settings, and is hardware optimized to run on smartphones in in real-time.
About the deal
GP Bullhound acted as exclusive financial advisor to Spektral on its sale to Apple. This transaction further underscores the firm’s expertise in advising category leaders in machine learning and computer vision, following on from previous transactions completed for clients including
Cubic Motion (investment from NorthEdge), Seene (sold to Snapchat) and 13th Lab (sold to Facebook).
Alexis Scorer, Executive Director commented: “We are delighted to have successfully advised Spektral on this transaction and it has been a real pleasure to work with this exceptionally talented team of data scientist and software engineers. We see enormous opportunities for companies with machine learning and computer vision expertise to develop innovative new applications with the potential for rapid adoption on a global scale.