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Kapital Agrees to Acquire AI Startup Woz for $30 Million
Oct 19, 2026
Kapital agreed to acquire Woz in a $30 million cash and stock transaction. Woz's founders and AI development team will join Kapital to work on financial models and products.
Kapital agreed to acquire Woz in a $30 million cash and stock transaction, the company said in a press release. Woz develops coding agents for complex business uses and is backed by Y Combinator.
Woz cofounder and CEO Ben Collins will become Kapital's head of AI. Cofounder and CTO Brad Eckert will become Kapital's chief technology officer. The startup's full AI development team will also join Kapital, which plans to expand the San Francisco based group over the next year.
Kapital will combine Woz's technology with its financial data and banking infrastructure to develop AI models and products for business finance. The work will expand OctavIA, Kapital's existing AI suite for scoring, underwriting, risk and customer intelligence.
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