LONDON (IT BOLTWISE) – Young London AI startup Jack & Jill is planning an acquisition strategy to attract talented technical teams. With a recently secured $20 million in seed funding, the company aims to double or triple its headcount by acquiring startups.
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London-based AI startup Jack & Jill, which has only been around for six months, has ambitious plans to expand its workforce through acquisitions. This strategy, known as acqui-hire, is not new to the AI industry, but is mostly pursued by large US technology companies. Jack & Jill, on the other hand, wants to acquire smaller startups in London to integrate their talented technical teams.
Acquiring companies to attract their talent is a common practice in the AI industry. Big tech companies like Microsoft have already taken similar steps by hiring founders and technical teams directly, known as reverse acqui-hire. Jack & Jill plans to use this strategy to double or triple its headcount over the next twelve months.
The company, which recently raised $20 million in seed funding, is looking for startups in London that are struggling to find product-to-market fit. These acquisitions are intended not only to increase talent density, but also to provide economic benefits by ensuring that investor capital is not invested in companies that have no prospect of scaling.
Jack & Jill’s openness about its acquisition plans is unusual, as such negotiations usually take place behind closed doors. But the company believes transparency could attract potential buyers. This strategy could also serve as a model for other companies, as the demand for talented professionals in the AI industry remains high.
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