Yellow.ai to Go Public via Merger with Bluerock Acquisition Corp.
Yellow.ai, a global leader in enterprise agentic AI for service automation, is set to go public through a $550 million merger with special purpose acquisition company (SPAC) Bluerock Acquisition Corp. The transaction will create the first U.S.-listed pure-play enterprise agentic AI platform and result in Yellow.ai trading under the ticker symbol 'YAI' on Nasdaq. The deal includes $30 million of committed PIPE financing from institutional investors, with founders and key management also investing their own capital alongside them. The company has grown to serve over 650 enterprises across more than 85 countries, processing approximately 16 billion conversations annually using its Nexus platform that supports multiple AI models in 135 languages. Yellow.ai's unaudited revenue for the last fiscal year was $34 million and it is positioned to capitalize on a growing shift from human-delivered customer service toward AI-driven solutions. The BPO market, where Yellow.ai operates, is expected to grow significantly over the next decade as enterprises increasingly adopt automation.
Topics: agentic AI AI business combination enterprise software public listing