Alibaba is buying Israeli startup Visualead’stech to establish a Tel Aviv R&D center | TechCrunch

Link articolo originaleArchivio di tutti i clip: clips.quintarelli.it (Notebook di Evernote).Alibaba is buying Israeli startup Visualead’s tech to establish a Tel Aviv R&D center Next Story Create the unholy DIY union of Alexa and Furby this weekend Alibaba announced a massive $15 billion research ‘DAMO Academy’ project focused on R&D last month, and it is laying the groundwork for an office in Tel Aviv through a deal to acquire technology and talent from Israeli startup Visualead. Visualead developed a new kind of ‘dot-less’ QR code that Alibaba had used for its business in China. The company was founded in 2013 and it landed investment from Alibaba in 2015. Now, however, Alibaba is buying the startup’s computer vision technology and an undisclosed number of Visualead’s core engineering team to create a DAMO —  which stands for “discovery, adventure, momentum and outlook” — office in Tel Aviv, according to sources with knowledge of the deal. As the deal suggests, the Israeli outpost will focus on computer vision technology but Alibaba plans to add further researchers and expertise to the office over time, one sourced explained. TechCrunch understands that the deal has been agreed in principle but it has not been completed yet. Israeli media reported that a full acquisition is on the cards, however our sources said that this is incorrect since Alibaba is only acquiring select tech[...]

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