Chip maker giant Intel has acquired Seattle based AI firm Vertex.AI for an undisclosed amount. Vertex.ai says that it wants to make "deep learning for every platform" possible and taking a step in that direction the company is working on a deep learning engine called PlaidML. Notably, Intel had acquired eASIC earlier in the year.
Choong Ng, Jeremy Bruestle and Brian Retford the founders of the company including the other members of the team will be joining the Intel team post the deal. Intel through a statement said that “Intel has acquired Vertex.AI, a Seattle-based startup focused on deep learning compilation tools and associated technology. The seven-person Vertex.AI team joined the Movidius team in Intel’s Artificial Intelligence Products Group. With this acquisition, Intel gained an experienced team and IP to further enable flexible deep learning at the edge. Additional details and terms are not being disclosed.”
The Seattle-based company through their website confirmed the acquisition as well. The company said that it will be joining Intel's artificial intelligence products group where it will continue the recruitment process. “We are excited to advance flexible deep learning for edge computing as part of Intel,” the company said through their website.
Choong Ng, Brian Retford, and Jeremy Bruestle had started the company in 2016. During the launch of the firm, “There’s a large gap between the capabilities neural networks show in research and the practical challenges in actually getting them to run on the platforms where most applications run, Ng had said.
Interestingly, the amount of funding Vertex has raised is not known. However, Vertex counts pre-seed and seed-stage focused Curious Capital which funds startups from the Pacific Northwest and machine learning focused Creative Destruction Lab as their investors.
It will be interesting to see how things turn up as Intel looks to explore the other markets apart from the chip industry.
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