Records / Funding events

iMerit: acquired by EXL (ExlService Holdings)

up to $310 million: $170 million upfront plus up to $140 million in incentives and earnouts over two years, contingent on milestones (terms as announced on 24 Jun 2026 in EXL's SEC filing; not restated at completion). Completed on 3 Aug 2026.

Dated 24 Jun 2026Source checked 3 Aug 2026Quote found on its page again 16 Oct 2026Basis: stated

In the source's own words
“ExlService Holdings, Inc. (NASDAQ: EXLS), a global data and AI company, announced it has completed the acquisition of iMerit, a recognized leader in AI model training, evaluation and reinforcement learning.”
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iMerit: acquired by EXL (ExlService Holdings) | AIData.Broker