BioNTech intends to grow its footprint in talent hubs in the Middle East, the US, Europe and Africa through the InstaDeep takeover. Credit: dayandnightcollective / Shutterstock.com.

BioNTech has acquired all the remaining shares of technology company InstaDeep in a deal valued at €500m ($549m) in cash.

The total deal value excludes the shares BioNTech already owns.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

In January 2023, the parties signed an agreement for the acquisition.

UK-based InstaDeep is a technology provider in the fields of artificial intelligence (AI) and machine learning (ML).

The takeover follows a collaboration between the two parties since 2019 and an equity investment by BioNTech in InstaDeep through a Series B funding round held in January 2022.

See Also:

BioNTech expects that the deal will help it establish robust expertise in AI-powered drug discovery and the development of advanced vaccines and immunotherapies for conditions with high unmet medical needs.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

InstaDeep will serve as BioNTech’s global subsidiary in the UK.

BioNTech will enhance its workforce by adding 290 specialists, including groups focusing on AI, bioengineering, data science, ML and software development.

InstaDeep will continue to offer services to global customers in fields including technology, transport and logistics, and industrial and financial services.

This deal will also support BioNTech in bolstering its worldwide research partners’ network in the sector and growing its footprint in talent hubs in the Middle East, the US, Europe and Africa.