Qualcomm Acquires Machine Learning Startup Scyfer

Qualcomm Technologies (QCOM) announced that it has acquired machine learning startup Scyfer for an undisclosed amount. Scyfer B.V. is a startup that is affiliated with University of Amsterdam and focuses on applying machine learning techniques to different fields. Through the acquisition, Qualcomm hopes to further incorporate AI technology into different devices, including cars, machines and robotics. Netherlands-based Scyfer was founded in 2013 to provide AI for companies in industries such as manufacturing, healthcare and finance. Management was headed by Co-founder and CTO Tijmen Blankevoort, who was previously co-founder of Cyno Intelligent System.