Aura, an AI-based online safety platform focused on individuals and families, said it has signed a binding agreement to acquire Qoria, an Australia-based provider of student safety and wellbeing tools, in a deal that would create a larger global digital safety business spanning home, school, and workplace use cases.
The transaction is structured as an Australian scheme of arrangement. If completed, Qoria would become a wholly owned subsidiary of Aura, and the combined group would begin trading on the Australian Securities Exchange under the ticker AXQ, with Qoria shareholders receiving Aura shares in the form of CHESS Depositary Interests.
Aura said the combination would pair its U.S. direct-to-consumer and employee benefits distribution with Qoria’s presence in schools and international footprint. The companies said the combined platform would reach more than 9 million families worldwide and serve more than 20% of U.S. schools, positioning the group as a scaled provider in a market that remains fragmented across consumer and education channels.
Alongside the transaction, Aura said it has received binding commitments for a US$75 million equity placement from existing shareholders, including WndrCo, Accel, and General Catalyst. The implied pre-money equity value for the combined business is approximately US$2.1 billion, which the announcement equated to A$0.72 per share.
On financial and operating targets, the companies said the combined group generated more than US$300 million in annual recurring revenue for the year ended December 31, 2025, and is aiming to grow by more than 20% in calendar 2026. The combined company also said it targets becoming cash-flow positive during calendar 2026, measured from transaction completion.
Management leadership is expected to shift following the closing. Qoria founder Tim Levy is slated to become global CEO of the combined entity, while Aura founder Hari Ravichandran would become chairman. The post-transaction board is expected to have seven directors, with four nominated by Aura and three by Qoria. The expected directors named include Tim Levy, Hari Ravichandran, Qoria chairman Peter Pawlowitsch, Sujay Jaswa, Jeffrey Katzenberg, and Mathew Stepka, with Aura expected to nominate an additional director later.
Aura said it has received in-principle advice that conditional trading of its CDIs is likely to be granted, with trading expected to begin on the business day after the effective date of the merger, initially on a conditional, deferred settlement basis, before moving to normal T+2 settlement on or about the business day following implementation.
Support: Advisers on the transaction include Jefferies LLC as Aura’s financial adviser, along with Herbert Smith Freehills Kramer and Latham & Watkins LLP as legal advisers. Qoria’s advisers include Azure Capital and Stifel as joint financial advisers, plus Thomson Geer and Gibson Dunn as legal advisers.
KEY QUOTES:
“The acquisition of Qoria will help power the next phase of growth at Aura. While we share a common mission, Qoria’s strength in schools and global footprint are a perfect complement to Aura’s strength in the U.S. direct-to-consumer and employee benefits segments. Together, we have the scale, go-to-market expertise and world-class solutions we need to accelerate our vision for connected safety for individuals and families around the world.”
Hari Ravichandran, Founder and CEO of Aura
“The internet was created to connect us, yet online safety has eroded and people around the world are looking for support from trusted online safety providers who can grow alongside their evolving needs. The combination of Aura and Qoria will bridge critical gaps in today’s fragmented digital environments, delivering continuous protection that moves with the user– across home, school and work– from their first device to their last.”
Tim Levy, Managing Director of Qoria Limited
