MIT spinout Zylotech has been acquired by Terminus for an undisclosed amount.

Zylotech, a US-based business-to-business customer data platform spun out of Massachusetts Institute of Technology (MIT), was bought by account-based engagement platform Terminus yesterday. Financial terms were not disclosed. Founded in 2014, Zylotech has built a customer data platform with features such as artificial intelligence-powered predictive analytics. It has been rebranded to Terminus Customer Data Platform following the acquisition. Zylotech raised $5.5m in funding in October 2018. The round was led by Glasswing Ventures, with contributions from Geekdom Fund, Revel Partners and Rubicon. Abi Yadav, founder and chief technology officer of Zylotech, is joining Terminus as head of platform innovation. He said: “Since our early days as an MIT spinout, Zylotech has been focused on delivering the data and intelligence go-to-market teams can trust and take action on. “Upon meeting Terminus, it was obvious that we shared a common vision. We are proud to join Terminus and this incredible team to jointly improve the accuracy of B2B data.”

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Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).