The UK tech company Axiom has bought a European startup called AgiliCorps for €5 million in cash.
The deal was announced Tuesday by Axiom co-founder Andrew Houghton and CEO Simon Boulton.
AgiliCorp’s founders are also Axiom’s board members, and the deal was a way to make sure the company was on its own two feet, said Boulting in a statement.
“Axiom has the ability to grow, and we’re incredibly grateful for Axiom and its incredible team,” Boults statement read.
Axiom was founded in 2017 and was acquired by Google for $1.3 billion in 2017.
In 2018, the company raised a Series A round from Fidelity Investments, and later in 2018 Axiom acquired an incubator in Paris called Accelerate, which is aimed at helping startups develop products and accelerate their growth.
The company has also raised funding from Microsoft and a number of angel investors, including Mark Gillett, founder of the digital agency Aperture.
It currently has 10 employees and a team of 20.
The news comes less than two months after Axiom raised a round of €5.6 million from Fintech giants Naspers, Baidu and DigitalOcean, with more funding expected in the future.
Axion was created by Houghtons and Boultons team to help tech companies attract talented and motivated people and drive revenue, said Houghts spokesperson Andrew McQuaid.
Axioprops aims to create a global platform for digital innovation and to provide employees and partners with the tools to build businesses and products that deliver value.
Axio, which has a focus on AI, AI-based business solutions and automation, will be Axioms third acquisition.
In 2019, Axiom also bought digital ad platform Aptoide, and acquired a team at Zendesk.
The acquisition is the latest in a string of acquisitions in the tech industry, which have seen tech companies such as Google, Facebook, Uber, Salesforce, and Amazon focus on hiring talent in areas such as artificial intelligence, AI, machine learning, and machine learning for social impact.