IBM Acquires AlchemyAPI to Improve Watson

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IBM has acquired AlchemyAPI, a deep learning startup that delivers a wide variety of text analysis and image recognition capabilities.

I BM has announced it has acquired AlchemyAPI, a leading provider of scalable cognitive computing application program interface (API) services and deep learning technology. The acquisition will accelerate IBM’s development of next generation cognitive computing applications.

The acquisition also significantly expands the Watson ecosystem, welcoming 40,000 developers that have innovated on the AlchemyAPI platform to the IBM Watson developer community. Financial terms of the deal were not disclosed.

"IBM continues to invest in Watson‘s core technology and cloud development platform, amplifying a robust Watson ecosystem where third party organizations are creating new businesses and solutions powered by Watson."

IBM will integrate AlchemyAPI’s deep learning technology into the core Watson platform, augmenting Watson's ability to quickly identify hierarchies and understand relationships within large volume data sets. The technology is expected to enhance Watson's ability to ingest, train and learn the “long-tail” of various data domains – including general business and target industries, as well as address the need to manage constantly evolving ontologies.

In addition, the acquisition will greatly expand the number and types of scalable cognitive computing APIs available to IBM clients, developers, partners and other members of the Watson ecosystem. This includes language analysis APIs to address new types of text and visual recognition, and the ability to automatically detect, label and extract important details from image data.

Founded in 2005 and headquartered in Denver, AlchemyAPI’s deep learning platform enables clients, partners, developers and other third-parties to build cognitive-infused applications with advanced data analysis capabilities such as taxonomy categorization, entity and keyword extraction, sentiment analysis and web page cleaning. The company’s software platform processes billions of API calls per month across 36 countries and in eight different languages: English, French, German, Italian, Portuguese, Russian, Spanish, and Swedish.

AlchemyAPI's Face Tagging API

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"IBM continues to invest in Watson‘s core technology and cloud development platform, amplifying a robust Watson ecosystem where third party organizations are creating new businesses and solutions powered by Watson," said Mike Rhodin, senior vice president, IBM Watson. “Our ability to draw upon both internal and external sources of innovation, from IBM Research to acquisitions like AlchemyAPI, remain central to our strategy of bringing Watson to new markets, industries and regions.”

“Today is the start of a new journey for AlchemyAPI, our customers and our user community, as we join IBM, the leader in cognitive computing,” said Elliot Turner, founder and CEO, AlchemyAPI. “We founded AlchemyAPI with the mission of democratizing deep learning artificial intelligence for real-time analysis of unstructured data and giving the world’s developers access to these capabilities to innovate. As part of IBM’s Watson unit, we have an infinite opportunity to further that goal.”

IBM is delivering new Watson services and APIs through the Watson Zone on Bluemix, the company’s digital innovation platform that enables developers to rapidly build, deploy and manage apps across any combination of public, private and hybrid cloud. Thousands of developers, entrepreneurs, data hobbyists, students and others have already built more than 7,000 apps powered by Watson to date.        
                                         
AlchemyAPI’s capabilities, including new language analysis and visual recognition services, will be delivered through Bluemix, and enable developers to quickly build a range of business applications.

IBM launched the IBM Watson unit last year as a business dedicated to developing and commercializing cloud-delivered cognitive computing technologies. The move signified a strategic shift by IBM to deliver a new class of software, services and apps that think, improve by learning, and discover insights from massive amounts of Big Data.


SOURCE  IBM

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