Machine Learning Startup Acquired by ai-one
San Diego artificial intelligence startup acquired by leading provider of machine learning SDKs as market for advanced applications gets hot.
San Diego, CA (PRWEB) August 04, 2011
ai-one announced today that it acquired Auto-Semantics, a local start-up providing artificial intelligence services to corporate IT departments. The acquisition is the latest in a series of joint-ventures and acquisitions by ai-one that consolidates its leadership position within the emerging market for machine learning technologies.
In less than one year from its founding, Auto-Semantics built a solid pipeline of commercial accounts to apply computational semantics to solve “big data” and marketing problems ““ such as modeling consumer and investor behaviors. Computational semantics is a set of technologies that enables machines to understand human language. Olin Hyde started the company to build a “smart, personalized mobile GroupOn” application to deliver coupons but was unable attract capital for that concept. “Not getting funding was a blessing ““ it forced me to pivot from building speculative products into providing professional services. We solved corporate IT problems using machine learning technologies. That led me to ai-one ““ they had the only SDK to build semantic applications.” said Hyde.
ai-one provides programming tools that enable software developers to build machine learning into applications, websites and mobile phones. The company was founded in Zurich, Switzerland in 2003 and reincorporated as a US corporation in 2009 in anticipation of going public in 2012. Unlike most technology startups, ai-one spent more than eight years developing the core technology using funding from private investors from Europe.
The technology is distributed through consulting partnerships that use it to build custom solutions for corporations and government agencies. “A lot of people ask us about who uses our technology,” said ai-one’s President Tom Marsh, “and the fact is our customers are working on very proprietary, often secret, solutions. There are many new applications in the pipeline coming from our partners that will hit the market in late 2011 and early 2012. It’s an exciting time for us.”
Hyde met Marsh at a local MeetUp group and later, ai-one founders Walt Diggelmann and Manfred Hoffleisch at the SDSIC SuperMath conference. Auto-Semantics signed up as an ai-one Consulting Partner on the first day the program became available. “It was clear from the beginning that Olin had the pulse on what corporate CIOs were thinking,” said Marsh, “He gets how to communicate the value of our big idea: Machines can learn just like we do, and you don’t have to be IBM or Google to play in this space. Olin fits our entrepreneurial culture with international business experience.” The stock transaction ties Hyde to ai-one where he will serve as Vice President of Business Development.
ai-one also acquired Berlin-based PPM Data Management GmbH last year and formed two joint-ventures earlier this year that embed ai-one’s advanced pattern recognition technology in commercial services:ai-ibiomics gmbh provides personalized medicine using genetic sequencing and Forensity AG sells shoeprint recognition software to law enforcement agencies and crime laboratories.
About ai-one inc., ai-one provides technologies that enable programmers to build artificial intelligence into software programs. Based in San Diego with offices in Zurich and Berlin, ai-one’s “biologically inspired intelligence” is a virtual brain that learns without human intervention. Technically described as an adaptive holosemantic data space with semiotic capabilities, ai-one’s approach provides more accurate answers than competing technologies. The Topic-MapperÃ¢“¢ SDK for text enables developers to create intelligent applications that deliver better sense-making capabilities for semantic discovery, lightweight ontologies, knowledge collaboration, sentiment analysis, artificial intelligence and data mining.
Contact: Tom Marsh, Phone: 1-858-531-0674, email: tm(at)ai-one(dot)com, web: http://www.ai-one.com
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