Salesforce acquires Artificial Intelligence Startup MetaMind.
Salesforce.com, which is a cloud business software company has acquired MetaMind. Metamind is a Startup focused on Artificial Intelligence. The Startup was funded by Salesforce CEO Marc Benioff and VC firm Khosla Ventures.
The company was launched in 2014. According to MetaMind, it “combines natural language processing and computer vision to solve a broad range of complex data problems, enabling automated predictions and smarter decision-making for businesses with greater speed and accuracy than ever before.”
MetaMind CEO Richard Socher will now be acting as Chief Scientist at Salesforce. MetaMind’s technology is based on deep-learning research done by Socher at Stanford. Socher earned his PhD in 2014. The company launched that same year with $8M in funding from Salesforce Chairman Marc Benioff as well as Khosla Ventures.
The deal, which was announced in MetaMind’s blog post , the Startup will be shutting down. For its unpaid Web users, MetaMind’s products will be discontinued on May 4, and for its monthly recurring users, its products will be discontinued on June 4.
“With MetaMind and Salesforce coming together, we’ll be able to offer customers real AI solutions with breakthrough capabilities that further automate and personalize customer support, marketing automation, and many other business processes. We’ll extend Salesforce’s data science capabilities by embedding deep learning within the Salesforce platform” mentioned MetaMind in its blog.
The terms of the deal are not disclosed yet.