Oh, so you thought Yahoo’s acquisition spree was over? Not even close. A Yahoo spokesperson has confirmed that the revitalized web giant has snapped up yet another company — this time it’s a image recognition startup called IQ Engines.
Yahoo has declined to disclose the terms of the deal, but the IQ Engines team confirmed in a statement on their website that they have been tapped to join the Flickr team where they will work on “improving photo organization and search for the community.”
IQ Engines first made a splash back in 2010 when it snapped up $1 million in funding for crafting an API that would allow its customers (think online retailers and app developers) to provide a visual search engine of sorts that could automatically categorize images on the fly. It later appeared at that year’s DEMO Conference, where our own Alexia Tsotsis picked it out as one of the show’s most impressive startups.
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