Seattle-based natural language processing firm Wavii uses machine learning algorithms to automatically aggregate status updates on topics such as politics, celebrities and gadgets. It’s been reported that search giant Google has acquired Wavii for over $30 million.
Microsoft veteran and angel investor Adrian Aoun founded Wavii in 2009 and raised more than $2 million in seed funding at the time of acquisition from CrunchFund, Dave Morin, Felicis Ventures, Fritz Lanman, Max Levchin, Max Ventilla, Mitch Kapor, Rick Marini, Shawn Fanning and SV Angel. Wavii began operating publicly around a year ago.
Both Google and Apple had been trying to acquire Wavii in recent months. At last, Google has beaten Apple by buying Wavii for more than $30 million. Now Wavii is going to be shifted from Seattle to join Google’s Knowledge Graph division. No doubt, Wavii’s semantic search knowledge will be a valid addition to Google Knowledge as it may further contextualize the information which Google currently shows on the sidebar of most searches.
Source: TechCrunch
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