Intel continues to snap up startups to build out its machine learning and AI operations

guest · Nov 4, 2020

Intel acquires SigOpt, a specialist in modeling optimization, to boost its AI business
October 29, 2020
https://techcrunch.com/2020/10/29/i...deling-optimization-to-boost-its-ai-business/

Intel has been doubling down on building chips and related architecture for the next generation of computing, and today it announced an acquisition that will bolster its expertise and work specifically in one area of future technology: artificial intelligence.

The semiconductor giant today announced that it has acquired SigOpt, a startup out of San Francisco that has built an optimization platform that can be used to run modeling and simulations (two key applications of AI tech) in a better way. Anthony described SigOpt as a startup built to “optimize everything” when we covered its Series A, but Intel specifically will be integrating the tech into its AI business, specifically into its AI Analytics Toolkit, a spokesperson tells me.
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“We will continue to work with SigOpt’s existing customers and will also integrate the technology into our product road map,” a spokesperson confirmed.

While there could potentially be a number of applications for SigOpt’s tech, this is a signal of how bigger players will continue to consolidate specific services around their bigger business, giving the small startup a much bigger horizon in terms of potential business (even if it is all tied to customers that only use Intel hardware).
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Intel: Intel to Acquire SigOpt to Scale AI Productivity and Performance

Today, Intel announced it will acquire SigOpt, a San Francisco-based provider of a leading platform for the optimization of artificial intelligence (AI) software models at scale. SigOpt’s AI software technologies deliver productivity and performance gains across hardware and software parameters, use cases and workloads in deep learning, machine learning and data analytics.

Intel plans to use SigOpt’s software technologies across Intel’s AI hardware products to help accelerate, amplify and scale Intel’s AI software solution offerings to developers.
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guest · Nov 4, 2020

Intel has acquired Cnvrg.io, a platform to manage, build and automate machine learning
November 4, 2020
https://techcrunch.com/2020/11/03/i...o-manage-build-and-automate-machine-learning/

In the latest move, TechCrunch has learned that the chip giant has acquired Cnvrg.io, an Israeli company that has built and operates a platform for data scientists to build and run machine learning models, which can be used to train and track multiple models and run comparisons on them, build recommendations and more.

Intel confirmed the acquisition to us with a short note.

“We can confirm that we have acquired Cnvrg,” a spokesperson said. “Cnvrg will be an independent Intel company and will continue to serve its existing and future customers.” Those customers include Lightricks, ST Unitas and Playtika.
Intel is not disclosing any financial terms of the deal, nor who from the startup will join Intel. Cnvrg, co-founded by Yochay Ettun (CEO) and Leah Forkosh Kolben, had raised $8 million from investors that include Hanaco Venture Capital and Jerusalem Venture Partners, and PitchBook estimates that it was valued at around $17 million in its last round.
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It was only a week ago that Intel made another acquisition to boost its AI busines [...]

Cnvrg.io’s platform works across on-premise, cloud and hybrid environments and it comes in paid and free tiers (we covered the launch of the free service, branded Core, last year). It competes with the likes of Databricks, Sagemaker and Dataiku, as well as smaller operations like H2O.ai that are built on open-source frameworks.
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Intel continues to snap up startups to build out its machine learning and AI operations

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