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Amsterdam startup Scyfer has been focusing on cutting-edge machine learning techniques since 2013. The startup has already built AI solutions for companies worldwide and in a number of different industries such as manufacturing, healthcare and finance. This week, Scyfer, a University of Amsterdam spin-off, announced it has been acquired by Qualcomm for an undisclosed sum.
Intelligent and connected devices
Qualcomm has been one of the biggest pioneers in the development of 3G and 4G. They are currently leading the way to 5G and what they call “a new era of intelligent, connected devices”. This is where the acquisition of Scyfer supposedly will come into play.
The University of Amsterdam
The acquisition of Scyfer brings with it a founder and renowned professor at the University of Amsterdam, Dr. Max Welling. The professor and the rest of the Scyfer team will continue to be based in Amsterdam. Welling will also help to further advance AI research and development at Qualcomm Technologies.
This is not the first time Qualcomm has worked together with the University of Amsterdam. In 2015, Qualcomm Technologies and University of Amsterdam also established QUVA. This is a joint research lab focused on advancing the cutting-edge machine learning techniques for mobile and computer vision.