$50m–<$500m

$100m · Strategic inflection point

Accelerate a platform shift, secure scarce technology/talent or control important distribution.

What would need to be true?

Exceptional adoption, strategic urgency, defensibility and real integration value; price alone does not specify the metric.

Buyer classes

  • Large strategic acquirer
  • Growth buyout / PE platform

Planning envelope

Effort: No defensible fixed effort budget

Commercial wins: Breakout distribution or technology advantage plus a motivated, funded buyer; large deal diligence.

Breakout stories often conceal years of company, team or ecosystem development.

Non-negotiable checks

  • Board and regulatory process
  • Employment / earnout conditions
  • Buyer integration and security review

Examples in this price neighborhood

filing · closed

Frame AI

$50,900,000

filed price, net acquired cash · 2025-01-06

Relevant metrics: Unstructured customer-conversation intelligence; target revenue undisclosed.

Bring conversation intelligence into the customer platform.

Inspect evidence ↗
filing · closed

SurePath AI

$50,100,000

filed acquisition amount · 2026-06-15

Relevant metrics: AI discovery, intent classification and shadow-AI detection.

Integrate the technology into the F5 AI Security Platform.

Inspect evidence ↗
filing · closed

CalypsoAI

$145,200,000

filed cash acquisition amount · 2025-09-26

Relevant metrics: Enterprise inference security; founded 2018; $40m+ venture funding.

Add AI threat defense, red-teaming and data-security capabilities.

Announcement and closed-accounting amount differ. Do not infer the difference is seller proceeds.

Inspect evidence ↗
primary · closed

Base44

$80,000,000

announced initial consideration · 2025-06

Relevant metrics: Buyer cites product traction and eToro / SimilarWeb partnerships.

Expand natural-language application creation and reach new audiences.

Exceptional strategic deal, not a template for ordinary micro-SaaS. Initial consideration is not founder take-home.

Inspect evidence ↗
primary · closed

FormSwift

$95,000,000

announced cash transaction · 2022-12-15

Relevant metrics: Document-template library and self-service workflows; decade-old business.

Complete more of the document creation, signing and sharing workflow.

Historical strategic comp. Employment-conditioned amounts are not unrestricted proceeds.

Inspect evidence ↗