According to GeekWire’s breaking news post:
“Machine learning and artificial intelligence startup Turi has been acquired by Apple in a deal characterized as a blockbuster exit for the Seattle-based company, formerly known as Dato and GraphLab, GeekWire has learned.
“The acquisition reflects a larger push by Apple into artificial intelligence and machine learning. It also promises to further increase the Cupertino, Calif.-based company’s presence in the Seattle region, where Apple has been building an engineering outpost for the past two years …
“Sources close to the deal pegged the purchase price at around $200 million …”
On July 21 we reported on the IPO of UW CSE spin-off Impinj, whose current market cap is roughly $350 million. While representatives of Apple and Turi are keeping mum, if we take today’s GeekWire report at face value, this marks two great exits of UW CSE companies – both backed by our friends at Madrona Venture Group – in two weeks!
Read the full article here.
More from GeekWire: “Why Apple bought Turi.”