Apple acquires AI company Lattice Data, a specialist in unstructured data, for $200M

By Ingrid Lunden, for TechCrunch

May 14, 2017

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As large tech companies gear up to make a stronger push into machine learning and artificial intelligence, Apple has acquired a company to fill out its own capabilities in the area.

Specifically, Apple has picked up Lattice Data, a company that applies an AI-enabled inference engine to take unstructured, “dark” data and turn it into structured (and more usable) information. We’ve heard from a single source that Apple has paid a price of around $200 million.

Between 70 and 80 percent of data is unstructured — that is, “dark” — and therefore largely unusable when it comes to processing and analytics. Lattice uses machine learning to essentially put that data into order and to make it more usable.

The deal was closed a couple of weeks ago, the source said, and about 20 engineers have joined the larger company.

Read the full story.

 

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