Bloomsbury AI becomes the latest UCL spinout to be acquired by a US tech giant
https://tech.newstatesman.com/business/facebook-bloomsbury-ai
Facebook has confirmed it is buying Bloomsbury AI, a London startup specialising in natural language processing.
The social media giant revealed on Tuesday that the team behind the startup had “agreed to join Facebook in London”. A Facebook spokesperson was not able to confirm the value of the deal, but TechCrunch, which broke the news, reported that it was in the region of $23m-$30m.
Bloomsbury AI becomes the latest UCL spinout to be acquired by a US tech giant
Jul 5, 2018, 12:25pm UTC
https://tech.newstatesman.com/business/facebook-bloomsbury-ai
> Facebook has confirmed it is buying Bloomsbury AI, a London startup specialising in natural language processing.
> The social media giant revealed on Tuesday that the team behind the startup had “agreed to join Facebook in London”. A Facebook spokesperson was not able to confirm the value of the deal, but TechCrunch, which broke the news, reported that it was in the region of $23m-$30m.