**Kraken used AI startup Termina to fast-track its $1.5B NinjaTrader deal—here’s how**
Kraken leveraged AI startup Termina to slash due diligence time from weeks to hours for its $1.5B acquisition of NinjaTrader—validating key financials and growth metrics in record time. The AI-powered platform analyzed financials, customer retention, and unit economics, helping Kraken confirm NinjaTrader’s value as a futures-trading customer acquisition tool. This deal highlights how generative AI is transforming M&A by speeding up data-heavy processes traditionally handled by bankers and consultants.
**AI startup Termina helped Kraken close its $1.5B NinjaTrader deal in weeks—not months**
When Kraken considered buying NinjaTrader for $1.5B, AI startup Termina crunched the data in hours—not weeks—validating the deal’s core thesis on growth and customer retention. Termina’s platform, incubated by Tribe Capital, provided granular financial insights that normally require teams of analysts, accelerating Kraken’s due diligence. The deal showcases how AI is becoming a game-changer in M&A, cutting costs and timelines for high-stakes transactions.
**How Kraken’s AI-powered due diligence sealed its $1.5B NinjaTrader acquisition**
Kraken turned to AI startup Termina to analyze NinjaTrader’s financials in hours, confirming strong customer stickiness and revenue growth—key factors in the $1.5B deal. Termina’s platform, backed by Tribe Capital, automated data validation and flagged risks, allowing Kraken’s team to move faster than traditional methods. This case study reveals how AI is reshaping corporate dealmaking, making deep-dive financial analysis quicker and more efficient.