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Algolia buys AI product data startup Velou

Search vendor Algolia acquired New York-based Velou, which uses multimodal AI to extract product attributes from retail catalogs to improve search and AI shopping results. Terms were not disclosed.

Vinci raises $250M Series B at a $1.5B valuation

Vinci, which sells AI-based physics simulation software that predicts how hardware designs will behave, raised a $250M Series B at a $1.5B valuation, starting with semiconductor thermal analysis.

Personio buys spend management platform Circula

HR and payroll vendor Personio acquired Berlin-based Circula, which handles expenses, travel costs, corporate cards and benefits for over 3,000 companies, to run pay and spend on one platform. Terms were not disclosed.

SAP to acquire workforce intelligence firm TechWolf

SAP agreed to buy Ghent-based TechWolf, whose 'context graph for work' maps tasks and employee skills, to ground its Joule agents and SuccessFactors workforce planning tools. Terms were not disclosed.