Buys Evature for Its Chatbot Talent

#artificialintelligence acquired a tiny software company called Evature, which is based in Tel Aviv and offers natural language and chatbot-related technologies for hotels, airlines, travel agencies, and airports. The companies did not disclose the terms of the deal, but only a small sum was likely involved. The company is said to have raised $5 million in funding, and the deal has all the appearances of being an acqui-hire. A spokesperson said that the company acquired Evature "to support research-and-development efforts generally, but also specifically in the area of deep learning and artificial intelligence. All of this is a part of Booking's ongoing dedication to testing new areas of technology innovation."

  Country: Asia > Middle East > Israel (0.61)
  Industry: Consumer Products & Services > Travel (0.38)