Deals
Michael Andretti’s SPAC Finds Tech Target in Zapata AI
- Andretti SPAC transaction valued at about $200 million
- Boston-based startup spun out of Harvard University in 2017
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The blank-check company started by former IndyCar driver Michael Andretti is merging with Boston-based artificial intelligence startup Zapata AI, according to a statement Wednesday.
The merger with Andretti Acquisition Corp. values Zapata at around $200 million, the statement said, confirming an earlier Bloomberg News report.