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BOULDER, Colo. - Gloo (NASDAQ:GLOO), a technology platform serving the faith and flourishing ecosystem, announced Tuesday it has acquired XRI Global, an AI company specializing in voice AI and multilingual technologies. The acquisition comes as Gloo’s stock has shown significant momentum, with InvestingPro data showing a 15.12% return over the past week and strong performance over the last three months.
XRI Global, founded in 2018, develops custom multilingual AI solutions for organizations across health, faith, and humanitarian sectors. The company has created AI models for over 30 languages in the past 18 months and focuses on addressing the language gap in modern AI innovations.
According to the press release, approximately 6,800 of the world’s 7,000 languages are currently excluded from modern AI innovations. XRI has developed methodologies to design AI that can scale to thousands of languages, including those without training data or writing systems.
"Together, Gloo and XRI can pioneer a new category: mission-aligned AI infrastructure that is global in reach, grounded in shared values, and designed to accelerate human flourishing," said Daniel Wilson, CEO of XRI Global, in the statement.
The acquisition will integrate XRI’s multilingual capabilities into Gloo’s platform, specifically enhancing Gloo AI and Gloo360 solutions. Steele Billings, president of Gloo AI, stated that the combination of XRI’s engineering with Gloo’s approach to AI represents a step toward closing the language gap within their ecosystem.
XRI’s previous projects include work as a subgrantee of a Gates Foundation project via Clear Global and providing data-collection solutions for the Innovation Lab of Every Tribe Every Nation. This acquisition comes as Gloo faces financial challenges, with InvestingPro data showing the company is not profitable with an EBITDA of -$71.69 million and revenue of $41.09 million in the last twelve months.
Gloo, based in Boulder, Colorado, serves over 140,000 faith, ministry, and nonprofit leaders. The company completed its initial public offering earlier this month, with its prospectus filed with the SEC on November 19, 2025.
The financial terms of the acquisition were not disclosed in the press release.
In other recent news, Gloo Holdings, Inc. announced that underwriters have partially exercised their option to purchase additional shares after the company’s initial public offering. The underwriters acquired an additional 684,688 shares of Class A common stock at the public offering price of $8.00 per share, excluding underwriting discounts and commissions. This development follows Gloo’s previously announced IPO, which involved the sale of 9,100,000 shares of Class A common stock. These actions reflect the company’s ongoing activities in the public market. The exercise of the underwriters’ option is a key event following the IPO, as it indicates a level of interest and confidence from the underwriting parties. Investors may find this development noteworthy as it can impact the company’s capital structure and market presence.
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