Salesforce Acquires MetaMind to Boost its Deep Learning Efforts

Salesforce, creators of the world's leading CRM platform, has acquired MetaMind, a deep learning startup to leverage its expertise in artificial intelligence (AI) to better tailor and automate customer support. Founded in late 2014, by Richard Socher, MetaMind focused on creating recursive neural networks which Socher actively worked on while pursuing his Ph.D. at Stanford University. The terms of the deal are yet to be disclosed, but the acquisition was backed by Marc Benioff, Co-Founder and CEO, Salesforce. Richard Socher, Co-Founder, CEO, MetaMind, wrote in his blog, "With MetaMind and Salesforce coming together, we'll be able to offer customers real AI solutions with breakthrough capabilities that further automate and personalize customer support, marketing automation, and many other business processes. We'll extend Salesforce's data science capabilities by embedding deep learning within the Salesforce platform."