Intel acquires Spanish startup Indisys to make its move in artificial intelligence

Intel-Indiyes1Intel, in order to make its foray into artificial intelligence (AI), has recently acquired a Spanish Natural Language and Dialogue Intelligence service provider, Indisys. The news was first reported by the Spain’s local media publication, The deal amount has been approximated to be around $30-$35 Mn, at 100% valuation. However, as per the reports, the deal was already completed in May, but for some unknown reasons has been disclosed now.

Post acquisition, the Indisys 20 member team along with company’s founder and CEO Pilar Manchon, will be joining Intel’s R&D division at Santa Clara, US. The other details of the deal regarding the use of technology have remain undisclosed.

Indisys (Intelligent dialogue systems), headquartered in Seville, is known for its specialization in computational linguistics and artificial intelligence. It’s technology was used in speech based interfaces for electronic devices, and for artificial intelligence based, Siri-like digital assistants.

The company provides a wide range of tools and solutions ranging from e-learning to Tailor made projects along with Virtual Assistants (human machine interface) and Virtual Operators to solve queries in real time. The services are available across sectors such as telecommunication, banking, social networks, ecommerce and many more. The user base lies mainly in US, Chile, Spain, Italy with clients like SISTRI, Intel, VTR, etc.

Indisys has also raised approx. $5 Mn in Series A round in Nov 2012, led by Intel along with Inveready Technology Investment Group. However, according to Techcrunch, the total amount received by the company was $7 Mn including capital and grants, at that time.

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Recently, in June, Intel Capital, the venture arm of Intel created  a $100-million Intel Capital Experiences and Perceptual Computing Fund. The fund aims at realizing the company’s vision to integrate human-like sensing technology into devices, ultimately delivering more natural, intuitive and immersive computing experiences. Also, two months back, Intel acquired an Israeli startup Omek, a maker of gesture based interfaces in $40 million.

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