Endra has announced an agreement to acquire Planlabs, a Swiss AI company. The deal stage is announced; the sources do not state that the acquisition has closed.
The Stockholm-based company also unveiled Power Studio, described in the source as an AI-driven platform for automating electrical engineering tasks. The source states that the purchase of Planlabs is backed by a new $50 million Series A round.
The amount payable for Planlabs is not disclosed in the sources. The $50 million figure refers to Endra's Series A round, not to the acquisition price, and should not be read as the purchase price for Planlabs.
No further terms of the transaction, including its financing mix or expected closing date, are given in the sources.