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Veritone Acquires Advanced Data Science and Machine Learning Firm

By   /  December 26, 2017  /  No Comments

by Angela Guess

According to a recent press release, “Veritone®, Inc., a leading provider of artificial intelligence (AI) and cognitive solutions, today announced it has acquired the advanced data analytics software and related intellectual property (IP) assets of Atigeo Corporation. The acquisition includes a cooperative distributed inferencing system — based on Hamiltonian models and other proprietary algorithms — that enables queries within huge bodies of unstructured data where straight computational, traditional machine learning and manual approaches are impractical, if not impossible. The software features a self-adapting and self-learning design, and is particularly effective in applications with large-scale heterogeneous data sets, strict rules, and the need to make near real-time decisions.”

Chad Steelberg, chairman and chief executive officer of Veritone, commented, “We are very excited about the addition of Atigeo’s proprietary machine learning capabilities to our growing body of technology and intellectual property in data science, which is a key area of focus for Veritone… We plan to incorporate portions of Atigeo’s technology into Veritone aiWARE™, which will further advance our intelligent orchestration of cognitive engines and expand the platform’s understanding of all data types. This strategic acquisition will build on our data science foundation and help us further refine our conducted learning in a future where the best cognitive engines can be predictively and immediately selected from thousands of choices and employed to process specific segments of content.”

Read more at Business Wire.

Photo credit: Veritone

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