Absolutely thrilled to announce M2P-MSD upcoming deal. The 'no stress, not distressed' coverage by The Hindu :D https://t.co/PwWod7Vphp
This is what happens when you get founders at a table drinking more coffee than they should have.
Jokes apart - Not used to crisis PR. But like the fabulous Billie Jean reminder: Pressure is a privilege. Responsible journalism over clickbait. So here's our actual story at MSD.
The most repeated question: Why?
Very simple answer: We finished our vision for building the generalizable AI platform we began with. Continue to power some of the world's largest, best enterprises. Compete with Palantir, Databricks, UiPath and more. At some point in every founder's journey, you know what you want and what's the next right direction. We've never wanted an IPO story, the M&A was always the exit playbook.
The Process: Declined a series D at the start of 2024 and got the board together towards an M&A at the start of 2024. Prepared for 6 months for an M&A and launched the process with one of the best bankers in the US. Courted some of the absolute winners in the US market, moved into offer stage, when M2P happened completely from left field. To be able to land MSD with another Chennai star, an IPO-bound story is the stuff of dreams. Completely unexpected. Heavy overlap of customers. And a vision to scale this AI first story across adjacent industries together globally.
The Platform: https://t.co/j3UrDqLpVL has been a horizontal platform serving industries from all backgrounds. Over the years, it has evolved from delivering SaaS products to becoming a unified data and AI orchestration platform for multiple industries. The platform has grown from strength to strength serving up more and more capabilities to our customers requiring fewer and fewer standalone products in their tech stack mix. From AI based applications to building your own models and creating data transformation workflows, industry giants use these to power their logistics, banking, finance, healthcare use cases. We'll be releasing a huge AI agent library, scaling our data platform play and doubling down on our marketplace in the coming quarters. Our customers are just as excited with the news and the might of the joint scale, its go time!
The People: Anand, Costa and I are going with our fabulous teams into the org and expect to double down on M2P's inspiring growth story. Over 25+ staff have 8+ years of sweat and blood building this story. Another 40 with over 5+ years. Many more with fewer years and going on this journey longer.
We've had so many mentors, investors, champions by our side during this period. Building a company like MSD at a time when no one even knew what AI was ... required risk takers of a whole other kind. You know who you are. Thank you for everything. All the highs and lows and the invaluable lessons. To all the friends/founders who were there for all the midnight panic calls and crying. It truly takes a village. Thank you!
We'll be sharing a ton more in the coming weeks as the deal actually closes, legally. If you are a founder, you'll hear from us at the SaaSBoomi annual event. If you are looking to get hired, you must talk to the team that's getting acquired
@onlymadhoo@prabranga@SirBlueBorg will be sharing much more ... once this is all actually done
Here's @SindhuHarih in The Hindu :)
A full scale tweet story coming up as promised from yesterday. Over the moon to be announcing what is coming up. And how incredibly exciting it has been for our customers and teams alike to make this choice over the rest.
Read The Hindu for all the facts.
Two #Chennai#startups come together in what they call a "perfect synergy" putting culture first...
"@m2pfintech is in talks to acquire @MadStreetDen ...The deal is valued way higher & in multiples of what is being quoted" founders say
More details:
https://t.co/7RnFzUheWj
The ☕️ on the M2P-MSD deal
Founders call it a “perfect synergy story” and say deal is valued in “multiples” of what’s out there
@MadStreetDen had US suitors and funding round but decided on @m2pfintech for cultural fit and customer overlap
https://t.co/7RnFzUheWj
Will AI take our jobs – or make use more efficient? @MadStreetDen’s @LadyAshBorg chats with Peak XV’s @smdcmc about the state of Enterprise AI, her experience as an early player in the space, and why she feels everybody needs to become ‘AI native’. https://t.co/VnKWzkEtjj
Fedex invests in MSD to accelerate Enterprise use of AI.
Very excited to welcome Fedex as an innovation partner, a customer, and an investor on this journey to make large enterprises AI-Native.
This is a testament to our rapidly growing Enterprise presence in Fortune 500 list
@LadyAshBorg @Treazy79 There is this language, called English, which includes full words and punctuation. Apparently I belong to the ancient tribe of English speakers/writers?
3/ In the words of Costa Colbert, our cofounder & Chief Scientist "you feel like there's someone typing back but basically, it's looking at the probability of the next set of words to come & is filling it. It's an incredible template-matching machine"
https://t.co/p0qxVIjf1O
Alright folks, storytime!
Why: Because we've been in this business
So: We know a thing or two
How: Listen to Costa, you'll know how
But first, a thread (with a podcast at the end)
ChatGPT appears like this oracle - seems to know everything. What's real What's not? In English
Yesterday was one of those days! The kind that reinforces everything you're doing, reminds you of the whys of the journey & shows the magic you can make when your customers are friends, mentors & partners. So fun to finally kick off a post covid unconference tour around the 🌎
Ok! What did I just see!!!?!? So bloody cool. Talk abt a feel of a whole new game here 💜 Not to mention the ad itself was .... goosebumps h/t @binaryfootprint