Twenty Billion Neurons GmbH

Alden Advisors is pleased to announce the acquisition of its client, Twenty Billion Neurons (TwentyBN) GmbH by Qualcomm Inc. (NASDAQ: QCOM). TwentyBN offers the world’s largest, video dataset widely used among artificial intelligence researchers for machine learning model generation. TwentyBN has also commercialized a fitness-tech solution with a human-like virtual training avatar that personalizes its interactions for each user. The avatar’s bi-directional interactive capabilities, enabled by deep-learning AI algorithms “see”, “understand”, and “adapt” to a user, creating a dynamic interactive fitness experience.

With deep industry and technical knowledge of machine learning and computer vision solutions, Alden Advisors crafted a value-maximizing acquisition thesis for the Company. Alden Advisors helped articulated the value of the Company’s unique IP experience consisting of its team, its patent portfolio, and one of the largest machine learning data sets in existence. Our operational deal makers, bolstered with deep industry experience, communicated the Company’s intrinsic value to Qualcomm in a manner that most aligned with their interests.

Alden Advisors and TwentyBN GmbH partnered through all stages of IP VAMP™ Transactions, leading to the Company’s acquisition in July 2021.

About Twenty Billion Neurons GmbH

Twenty Billion Neurons (TwentyBN) GmbH has offices in Berlin, Germany and Toronto, Canada. TwentyBN is a Microsoft M12-backed artificial intelligence startup committed to making personalized coaching and companionship accessible to all people. Started in 2015, the Company has expertise in computer vision and natural language processing. TwentyBN pioneered sociable AI assistants that understand human behavior with an end-to-end Human-Centric AI platform, including a crowd-acting data platform, deep neural network training and optimization, and several consumer applications. For more information, visit www.20BN.com.

About Alden Advisors

Alden Advisors is an investment banking firm focused on technology and industrial companies with niche intellectual property (IP) experiences. The firm provides M&A and advisory services which aim to extract maximum value from, or enhance the value of, a company’s unique client experiences by emphasizing the hidden value in their tangible and intangible assets. This is done through its unique process; IP VAMP™. For more information about Alden Advisors or the benefits of IP VAMP™, visit www.AldenAdvisors.com.

Deal Press

• Qualcomm – Press Release
• Seeking Alpha – Qualcomm Acquires AI Team and Assets
• Qualcomm (San Diego Press) – Qualcomm beefs up AI team with TwentyBN acquisition