Yahoo nabs image recognition company IQ Engines
Yahoo's shopping spree is far from being over. This time, the Internet search giant has set its prying eyes on a startup called IQ Engines, an image recognition company.
And it seems that the eagle has caught the prey, with a Yahoo spokesperson confirming that it has acquired IQ Engines. The details of the deal, however, were not disclosed.
IQ Engines also confirmed the deal on its official page, adding that the team will be joining Yahoo's Flickr team. It's a smart move for the Internet giant.
IQ Engines was able to gather $1 million in 2013, which enabled the team to craft APIs including the SmartCamera and the SmartAlbum. It's also worth noting that IQ Engines has a mobile photo app called Glow which organizes images according to relevance.
IQ Engines is no longer accepting new customers and has set a 30-day limited use of its APIs.