Thursday, January 21, 13:25
Home inet Intel: Acquired Cnvrg.io, a machine learning management platform

Intel: Acquired Cnvrg.io, a machine learning management platform

Intel continues to support start-ups to develop machine learning and AI features. As a final move, TechCrunch learned that the giant has acquired Cnvrg.io, an Israeli company that has built and operates a platform for data scientists to build and operate machine learning models that can be used for training and monitoring many models and performing comparisons on them and creating suggestions.

Intel confirmed in a brief press release. "We can confirm that we have acquired Cnvrg," a spokesman said. "Cnvrg will be an independent company from Intel and will continue to serve existing and future customers of. ” These customers include Lightricks, ST Unitas and Playtika.

Cnvrg.io Intel

Intel has not disclosed the financial terms of the deal, nor which of the startups will join Intel. Cnvrg.io, co-founded by Yochay Ettun (CEO) and Leah Forkosh Kolben, had raised $ 8 million from investors, including Hanaco Venture Capital and Jerusalem Venture Partners, and PitchBook estimates it was valued at about $ 17 million. dollars.

Just a week ago Intel did another one redemption to enhance its business AI technology, also in the field of machine learning modeling: acquired SigOpt, which has developed a platform optimization to perform machine learning models and simulations.

The Cnvrg.io platform operates in indoor environments, in cloud and hybrids and is available in paid and free packages (we covered the release of the free service, called Core, last year). THE competition her are the Databricks, Sagemaker and Dataiku, as well as smaller companies such as H2O.ai built on frames open source. Cnvrg's goal is to provide a user-friendly platform for data scientists to focus on inventing algorithms and in measuring the way operation not in the construction or maintenance of the platform on which they work.

Although Intel does not say much about the deal, the same logic seems to apply to last week's acquisition of SigOpt: Intel has refocused on business of around chips next generation to better compete with Nvidia and smaller players like GraphCore. Therefore, it makes sense to provide / invest in AI tools for clients, especially in services that will help calculate the compute loads that will run on these chips.

In 2019, Intel reported revenue of approximately $ 3,8 billion based on Artificial Intelligence, but hopes that its acquisitions will help increase its activity in this business.

LEAVE ANSWER

Please enter your comment!
Please enter your name here

Teo Ehc
Teo Ehchttps://www.secnews.gr
Be the limited edition.

LIVE NEWS

Tesla reduces the prices of the Model 3 in Europe

Tesla has reduced the prices of the Model 3 in many European markets, which reductions could be partly linked ...

iOS, Android, XBox users in the crosshairs of a new malvertising campaign

Recently a new malvertising campaign was discovered that targets users of mobile and other connected devices and uses effective ...

Microsoft: "Zero trust" protects against sophisticated hacking attacks

According to Microsoft, the techniques used by the hackers of SolarWinds, were sophisticated but common and preventable. To avoid future attacks ...

US: Twitter locks Chinese embassy account due to "dehumanization"

Twitter said it locked the account of the Chinese embassy in the United States for a tweet about its women ...

Ransomware victims pay a ransom to prevent their data from being leaked

Keeping backups is very important, especially in cases of Ransomware attacks. However, it seems that the hackers are using new methods, with ...

QAnon fans: Disappointed on social media after Biden was sworn in

Some QAnon supporters have expressed frustration at online forums and chat rooms over Joe Biden's swearing-in. Most...

COVID-19: Amazon wants to help Biden distribute the vaccines

Amazon has offered to help President Biden distribute COVID-19 vaccines. The letter from Dave Clark, vice president ...

Nitro PDF: Leaked database with 77 million user files!

Hacker leaked on January 20 a stolen database containing email addresses, names and passwords for over ...

Hackers provide free online 2 million Pixlr user files!

Hackers have leaked 2 million Pixlr user files containing information that could then be used to execute ...
00:02:09

Donald Trump: Thanks to Lil Wayne, not to Julian Assange!

Outgoing US President Donald Trump will award today thanks to rapper Lil Wayne in a final wave of pardon that ...