Cisco to acquire AI startup MindMeld for $125 million

MindMeld can create AI-powered conversational interfaces. MindMeld tech and its 10 patents surrounding AI and deep learning will be used to improve Cisco Spark and other Cisco collaboration products. The MindMeld platform for the creation of bots and voice-powered assistants launched last fall. The MindMeld API is currently being used by more than 1,200 companies around the world. Customers and investors include Google, Samsung, Intel, Telefonica, Liberty Global, IDG, USAA, Uniqlo, Spotify, and In-Q-Tel, a CIA investment fund.