MaintainX, a US-based modern maintenance and operation platform digitizing key activities for frontline workers including maintenance activity, asset information, inspections, work orders, and operational workflows to improve efficiency and worker safety, was purchased for $3.6 billion in an all-cash deal by Autodesk to strengthen its ability to connect operations workflows with the broader lifecycle, helping teams make faster, more informed data-driven decisions.

XTEND [extend], an Israeli software-first defense and security technology company building a unified operating ecosystem for human-guided autonomy secured a business combination worth $1.5 billion with residential and commercial real estate Florida-based company JFB Construction in February. This deal will create a US provider of AI-driven autonomous defense and security solutions capable of operating in multiple domains.

In June, Shenzhen Autocruis Technology, a Chinese company designing and developing automotive vision and camera-based systems, sold a 65% majority stake to India-based automotive component manufacturer SMR Automotive, an indirect wholly owned subsidiary of Samvardhana Motherson, for $22.6 million at 5.5 times EV to sales. This deal will see SMR Automotive utilize Shenzhen Autocruis Technology’s camera monitoring, full digital mirror, surround-view, and driver monitoring systems along with digital video recorder features to improve road safety for OEMs and aftermarket customers covering both commercial and passenger vehicles. That stake will later grow to 68% through a stock buyback program initiated by Shenzhen Autocruis Technology.

In June, SewerAI, a US-based AI platform for sewer and underground infrastructure intelligence that equips utilities, contractors and engineering firms with AI-powered software to inspect, assess and rehabilitate sewer and underground infrastructure, secured a majority investment from a consortium led by JMI Equity to provide the firm with additional resources to fix and maintain neglected infrastructure. Other investors include includes Innovius Capital, Epic Ventures, and Bentley Systems that along with JMI Equity are keen on growing their exposure to a space using AI-powered software to maintain mission-critical infrastructure for municipalities and other end users.

In April, Norway’s Sekal, a provider of drilling automation solutions for the oil and gas industry, was purchased by US-based oilfield services giant Halliburton from Sumitomo to integrate mission-critical upstream operations including well placement, wellbore hydraulics, and rig operations in real time to enable automation and remote operations.