Boston-based Aura, an AI-powered online safety platform, has announced a binding agreement to acquire Qoria, a global leader in student wellbeing. This strategic move will create a dominant force in the digital safety industry and will be followed by Aura's listing on the Australian Securities Exchange (ASX). The combined entity aims to provide comprehensive online protection for individuals and families worldwide, integrating their respective market strengths.
Strategic Merger Creates Digital Safety Powerhouse
The merger unites Aura's direct-to-consumer strength in the U.S. with Qoria's extensive global footprint and deep integration within the education sector. Hari Ravichandran, Aura's founder and CEO, highlighted that Qoria's expertise is a perfect complement to Aura's existing market segments. This combination is poised to accelerate the shared vision for a connected safety ecosystem for families across the globe.
The newly formed group will serve over 9 million families and have a presence in more than 20 percent of U.S. schools. Financially, the combined entity reported over $300 million in annual recurring revenue for the year ending December 31, 2025. The company projects growth exceeding 20 percent in the 2026 calendar year and aims for positive cash flow post-transaction.
Financial Framework of the Landmark Deal
Under the terms of the agreement, Aura will acquire all Qoria shares through an Australian scheme of arrangement. Qoria shareholders will receive shares in Aura in the form of CHESS Depositary Interests (CDIs), facilitating the new group's trading on the ASX. This transaction will result in Qoria becoming a wholly-owned subsidiary of Aura, with the combined entity trading under the ticker AXQ.
The deal carries an implied pre-money equity value of approximately $2.1 billion USD, which translates to A$0.72 per share. To support the merger, Aura has secured binding commitments for a US$75 million equity placement from its existing shareholders. Key investors participating include WndrCo, Accel, and General Catalyst, demonstrating strong backing for the strategic acquisition.
New Leadership to Steer Combined Entity
A new leadership structure will guide the combined company, leveraging expertise from both organizations. Qoria's founder and Managing Director, Tim Levy, will step into the role of Global CEO for the merged entity. Aura's founder, Hari Ravichandran, will transition to become the Chairman of the Board of Directors, overseeing strategic direction.
The new board will consist of seven members, with four nominated by Aura and three by Qoria. Notable members will include Peter Pawlowitsch, Sujay Jaswa, Jeffrey Katzenberg, and Mathew Stepka, alongside Levy and Ravichandran. Aura is expected to nominate one additional director at a later date, finalizing the governance team for the new powerhouse.
Timeline and Approvals for Transaction
The transaction is slated for completion in the second quarter of 2026, pending several key approvals. The deal is contingent upon receiving clearance from regulatory bodies and, crucially, gaining the approval of Qoria's shareholders. Both companies will work to satisfy all conditions outlined in the merger implementation deed to ensure a smooth transition.
This landmark acquisition marks a significant consolidation in the online safety market, creating a comprehensive platform that spans home, school, and work environments. By combining Aura's AI-driven consumer products with Qoria's educational ecosystem, the new entity is uniquely positioned to address the evolving digital safety needs of families globally. The successful integration and subsequent ASX listing will be critical milestones in realizing this ambitious vision for a safer digital world.