Yellow.ai to Go Public via $550 Million SPAC Merger, Plans to Acquire and Automate Call Centers

Aug 3, 2026

Enterprise AI provider Yellow.ai has agreed to go public via a merger with SPAC Bluerock Acquisition Corp., valuing the combined entity at $550 million. Generating over $34 million in annual revenue, Yellow.ai plans to use the $200 million in expected proceeds to execute an unusual strategy: acquiring traditional business process outsourcing firms and automating their operations using its multi-LLM agentic platform. The transaction is expected to close in the second half of 2026.

SPAC merger transaction

▪The business combination agreement values Yellow.ai at a pre-money valuation of approximately $300 million.
▪The transaction is expected to generate more than $200 million in gross proceeds, combining $175 million in trust and $30 million in private-placement financing.
▪The transaction implies a pro forma equity value of approximately $550 million for the combined company.
▪Yellow.ai agreed to go public through a merger with Nasdaq-listed special purpose acquisition company Bluerock Acquisition Corp.
▪The combined company will operate as Yellow.ai and trade on the Nasdaq Capital Market under the ticker symbol YAI.

Multi-LLM agentic platform

▪Yellow.ai's platform utilizes a multi-LLM architecture that dynamically orchestrates more than 15 models, including OpenAI, Anthropic, and proprietary models.
▪Yellow.ai has raised $103 million to date from investors including Lightspeed, Salesforce Ventures, Sapphire Ventures, and WestBridge Capital.
▪Yellow.ai's platform features Nexus Vox, a voice agent for contact centers designed to handle real-time voice conversations.

Enterprise deployment metrics

▪Yellow.ai serves over 650 enterprise clients across 85 countries and supports 135 languages.
▪Yellow.ai processes 16 billion conversations annually through its platform.
▪Yellow.ai booked over $34 million in unaudited revenue in its last fiscal year.

Call center acquisition strategy

▪Yellow.ai projects the outsourcing market to reach $906 billion by 2035, with the AI-agent portion growing to $295 billion.
▪Yellow.ai intends to use the transaction proceeds to acquire business process outsourcing operators and rebuild them using its proprietary software.

Customer ROI results

▪A deployment of Yellow.ai's chat platform at VIPdesk automated more than 70% of customer interactions within six weeks.
▪Deployments of Yellow.ai's voice and chat agents have achieved up to a 50% reduction in human agent headcount.

Executive team composition

▪Yellow.ai's executive team includes Kaushik Bhaskar as CEO of AI Services and Nand Sharma as President and Group CFO.
▪Yellow.ai was founded in 2016 by Raghu Ravinutala, Rashid Khan, and Jaya Kishore Reddy.