On January 11, 2023, Winterlight Labs announced that it was acquired by Cambridge Cognition Holdings plc for £7.0 million. This value is comprised of a cash payment of £3 million and £4 million of Cambridge Cognition shares. Collectively, the companies aspire to create digital health products to further understand, detect and treat conditions concerning brain health.
Winterlight Labs is a Toronto based AI tech company that utilizes machine-learning based voice assessments to detect central nervous system disorders and track the development of treatment.
Cambridge Cognition Holdings plc is a United Kingdom based company that constructs digital solutions to assess brain health.
Osler, Hoskin & Harcourt LLP advised Winterlight Labs with a team consisting of Chad Bayne, Justin Dharamdial, Sahil Chopra, Nataly Dil (Emerging and High Growth Companies), Dov Begun, Alina Tamm and and Sean Timlick (Tax).