{"id":41518,"date":"2020-11-04T10:17:04","date_gmt":"2020-11-04T10:17:04","guid":{"rendered":"http:\/\/icloud.pe\/blog\/?guid=357cab25494a633376d68eaaf2ecca19"},"modified":"2020-11-04T10:17:04","modified_gmt":"2020-11-04T10:17:04","slug":"intel-buys-data-science-startup-cnvrg-io","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/intel-buys-data-science-startup-cnvrg-io\/","title":{"rendered":"Intel buys data science startup Cnvrg.io"},"content":{"rendered":"<p><span class=\"field field-name-field-author field-type-node-reference field-label-hidden\"><br \/>\n      <span class=\"field-item even\"><a href=\"https:\/\/www.cloudpro.co.uk\/authors\/rene-millman\">Rene Millman<\/a><\/span><br \/>\n  <\/span><\/p>\n<div class=\"field field-name-field-published-date field-type-datetime field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\"><span class=\"date-display-single\">4 Nov, 2020<\/span><\/div>\n<\/p><\/div>\n<\/div>\n<p class=\"short-teaser\">\n<a href=\"https:\/\/www.cloudpro.co.uk\/\" title=\"\" class=\"combined-link\"><\/a><\/p>\n<div class=\"field field-name-body\">\n<p>Intel has reportedly acquired Israeli data science startup Cnvrg.io in a bid to strengthen its\u00a0<a href=\"https:\/\/www.itpro.co.uk\/artificial-intelligence\" >artificial intelligence<\/a>\u00a0(AI) and\u00a0<a href=\"https:\/\/www.itpro.co.uk\/strategy\/28071\/what-is-machine-learning\" >machine learning<\/a>\u00a0credentials.<\/p>\n<p>In a statement given\u00a0to\u00a0<em><a href=\"http:\/\/techcrunch.com\/2020\/11\/03\/intel-has-acquired-cnvrg-io-a-platform-to-manage-build-and-automate-machine-learning\/?guccounter=1\" >TechCrunch<\/a><\/em>, Intel confirmed the deal and said in a short statement that \u201cCnvrg will be an independent Intel company and will continue to serve its existing and future customers\u201d. The company\u00a0did not disclose any terms of the deal.\u00a0<\/p>\n<p><!--wysiwyg_see-related_plugin--><\/p>\n<p>\nCnvrg.io\u00a0was started in 2016 and runs a\u00a0<a href=\"https:\/\/www.itpro.co.uk\/business-strategy\/32609\/understanding-the-power-of-data-science\" >data science<\/a>\u00a0platform aimed at helping enterprises to manage and build up AI\u00a0efforts. It claims that it is a pioneer in building cutting-edge machine learning development solutions to help customers rapidly build machine learning models.<\/p>\n<p>The platform offers paid and free tiers and works in on-premise, cloud and hybrid environments.<\/p>\n<p>Among the Israeli firm\u2019s partners include Red Hat, NetApp and Nvidia, while its customers include Lightricks, ST Unitas and Playtika.<\/p>\n<p>In a recent\u00a0<a href=\"https:\/\/cnvrg.io\/introducing-mlops-dashboard\/\">blog post<\/a>, co-founder and CEO Yochay Ettun said that its machine learning dashboard could improve visibility and increase machine learning server usage by up to 80%. Its dashboard helps IT teams see allocation and utilisation of different jobs, clusters, by user and by job.<\/p>\n<p>Admins can monitor and compare overall capacity versus allocation and utilisation with graphs to identify gaps in efficiency.<\/p>\n<p>Recently, Cnvrg.io raised\u00a0$8 million in venture capital funding from investors such as Hanaco Venture Capital and Jerusalem Venture Partners.\u00a0<\/p>\n<p>Barely a week ago, Intel made another acquisition in the AI sector with the purchase of SigOpt for an undisclosed amount. The company provides a software platform for research groups such as OpenAI to increase AI model performance. <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>      Rene Millman<\/p>\n<p>        4 Nov, 2020    <\/p>\n<p>      Intel has reportedly acquired Israeli data science startup Cnvrg.io in a bid to strengthen its\u00a0artificial intelligence\u00a0(AI) and\u00a0machine learning\u00a0credentials.<br \/>\nIn a statement given\u00a0to\u00a0TechCrunch, I&#8230;<\/p>\n","protected":false},"author":417,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-41518","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/41518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/417"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=41518"}],"version-history":[{"count":1,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/41518\/revisions"}],"predecessor-version":[{"id":41519,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/41518\/revisions\/41519"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=41518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=41518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=41518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}