Latest iMerit News & Updates

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iMerit

AI data annotation and model tuning services

imerit.ai

Headquarters: San Jose, United States
Founded year: 2012
Company type: Public company
Number of employees: 10,000+
Industry: IT Services & Consulting

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Latest news about iMerit

In short: iMerit was acquired by ExlService Holdings for up to $310 million to enhance enterprise AI capabilities and high-stakes data engines.

Company announcements

August 18 iMerit

EXL acquires iMerit for $310 Mn

iMerit's founder joins EXL as EVP. The deal aims to advance enterprise AI in healthcare and banking.

August 3 iMerit

iMerit announces acquisition by EXL

CEO Radha Ramaswami Basu joins EXL's executive committee, completing an end-to-end enterprise AI platform.

June 24 iMerit

iMerit agreed to be acquired by EXL for $310 million

The acquisition adds iMerit's foundation model expertise and Ango platform to EXL's AI capabilities, targeting high-growth tech sectors.

May 6 iMerit

iMerit builds structured dataset for robotics

The dataset includes 200 hours of in-home task recordings using Meta Quest 3, 9 task categories expanded to 37 subclasses, and step-level labeling on Ango Platform.

Media coverage

September 8 Seeking Alpha

ExlService Holdings, Inc. (EXLS) Presents at Citi's 2026 Global TMT Conference Transcript | Seeking Alpha

And now we've started to focus in a lot more on the model. And so we just acquired a company called iMerit, which allows us...

August 28 Sina Finance

Up to $310 million: EXL completes acquisition of iMerit, robot "physical AI" competition extends to high-quality training data

EXL spends up to $310 million to acquire iMerit. On the surface, it is an enterprise AI service provider supplementing its model training capabilities, but behind this lies a change in the artificial intelligence industry value chain: as foundational models and robotics hardware gradually become widespread, professionally processed high-quality data, rigorous model evaluation, and continuous human feedback are becoming important infrastructure determining whether physical AI can enter real production environments...

August 2 Yahoo Finance

EXL completes acquisition of iMerit, accelerating enterprise AI leadership

Merit founder and CEO Radha Ramaswami Basu joins EXL executive committeeNEW YORK, Aug. 03, 2026 (GLOBE NEWSWIRE) -- ExlService Holdings, Inc. (NASDAQ: EXLS), a global...

July 29 Seeking Alpha

ExlService projects 2026 revenue of $2.39B-$2.415B following iMerit deal and raised EPS outlook

EXLS Q2 2026 earnings call recap: 16% revenue growth, raised guidance, iMerit acquisition, and AI-led mix shift—get the key takeaways now.

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