Top Artificial Intelligence Acquisitions 2016

2016 saw a few dozen acquisitions in artificial intelligence--most in the 100 million and above range and from West Coast major technology brands. In 2017, the pivot will be toward sector-specific AI and we'll see the acquirer network broaden.

Artificial intelligence is hot–but is it “too hot” for investors? While it certainly captures public imagination (and fear), artificial intelligence is a broad tech category that generally refers to code that learns by defining some of its own variables instead of relying on direct input variables. It’s not necessarily about superhuman intelligence, although the developing speeds of guesses paired with the speeds of response testing allow this type of tech framework to draw conclusions at a rate organic minds don’t relate to. Not being able to relate to the distance, however, didn’t stop us from going to the Moon. Not being able to relate to the speed, didn’t stop us from breaking the sound barrier.  On a personal note, I’m confident we’ll work toward a useful, beneficial AI.

For customer service, healthcare, and automation in general, artificial intelligence or smarter machines is the next step in the ongoing industrial revolution, where fewer things are made by human energy and more things are made by machine. The AI acquisition cycle is still young–first movers are mostly large technology companies like Google, Facebook, Intel and Samsung who understand how to scale the value of these resources (or limit the damage to their business by taking them out). Currently, the “AI code base” is still in development but progress is fast, especially thanks to open-sourcing of baseline frameworks. The development of artificial intelligence is much like the march of cloud/mobile–it’s going to change every industry, but not overnight.

In 2017, expect acquisitions to begin from corporations that are not global technology players. Sector and industry specific AI, particularly in manufacturing/operations and marketing/sales, are ripe for exits and buy outs.

Artificial Intelligence Acquisitions 2016

Acquired Company NameAcquiring Company NamePriceAnnounced On DateTransaction Name URL
EmotientApple01/07/2016https://www.crunchbase.com/acquisition/51e2c85d1dadb1dc424f68511fa5d9d8
NexidiaNICE Systems$135,000,00001/11/2016https://www.crunchbase.com/acquisition/f4bfdb04c20d93782a0ef2ec5069734a
SwiftKeyMicrosoft$250,000,00002/02/2016https://www.crunchbase.com/acquisition/5f8fc1dadcb1707adbdd7b75f5ef6728
PredictionIOSalesforce02/19/2016https://www.crunchbase.com/acquisition/36d0114d8155825824b688e31b71de62
MetaMindSalesforce$32,799,99904/04/2016https://www.crunchbase.com/acquisition/f636d389a8df2c8df36428ba726b7dab
CrosswiseOracle Corporation$50,000,00004/14/2016https://www.crunchbase.com/acquisition/b60f0bbb21e727bc14dd624feaabfe7c
ExpertmakereBay05/05/2016https://www.crunchbase.com/acquisition/99d63aaf2a8f8a7c3d08227340bb4242
ItseezIntel05/26/2016https://www.crunchbase.com/acquisition/4e69c0f67ef725e0d88927984de5e019
DataProphetYellowwoods06/15/2016https://www.crunchbase.com/acquisition/392f4ca28b9838466ea6e93b40bad8b9
Magic Pony TechnologyTwitter$150,000,00006/20/2016https://www.crunchbase.com/acquisition/1b70a25ce30e38faf1187835ba86b344
MoodstocksGoogle07/06/2016https://www.crunchbase.com/acquisition/47da50f3d694b8770112eba59765ae7e
SalesPredicteBay07/11/2016https://www.crunchbase.com/acquisition/a65ec61188aebf007d6c78415062b984
KifiGoogle07/12/2016https://www.crunchbase.com/acquisition/32cce16735b3595f3a1b8925c380f103
2338 TechnologiesPredictive, Inc.07/19/2016https://www.crunchbase.com/acquisition/ec1da9e46697a5a2311afaa607ca4a84
VersusMenschDanke Group07/20/2016https://www.crunchbase.com/acquisition/3a4d77a897b6907586f9d19df230fe0e
TuriApple08/05/2016https://www.crunchbase.com/acquisition/967ba8ab50de9eca23fb5d53f5a22aec
NervanaIntel$350,000,00008/09/2016https://www.crunchbase.com/acquisition/ce98653f41df1fd61b9ba718b6cc9926
GeneeMicrosoft08/22/2016https://www.crunchbase.com/acquisition/8febddc04bc01c9ae98bb4c0a44121b1
MovidiusIntel$400,000,00009/06/2016https://www.crunchbase.com/acquisition/ece69af0fecd20ac4541a59f378bc5d5
Palerra Inc.Oracle Corporation09/18/2016https://www.crunchbase.com/acquisition/54f523429ec4fc44d7ae2d0800532e2b
Blackbird TechnologiesEtsy09/19/2016https://www.crunchbase.com/acquisition/82776fefbaad42e975d8ed16cc29ef58
Api.aiGoogle09/19/2016https://www.crunchbase.com/acquisition/13c5c851d85411e2ee57d9bd3b091f33
Angel.aiAmazon09/20/2016https://www.crunchbase.com/acquisition/3246d4e60a6cc8e3e0b64ae28ec3a5b7
tuplejumpApple09/23/2016https://www.crunchbase.com/acquisition/6724bdafca1bf7c88255d37235f4cafd
VivSamsung Electronics10/05/2016https://www.crunchbase.com/acquisition/4a5dee264ef7e4a277d679754f58b7c9
Expert Personal Shopper (XPS)IBM11/01/2016https://www.crunchbase.com/acquisition/476d973df55bc88332e6f6f86a1fa10c
*Through November 28, 2016. If you spot an error, that's awesome. Please report it to Crunchbase or contribute the Crunchbase database with your additional information--that's the where we pulled the data. www.crunchbase.com