Element AI Acquires Machine Learning Database Experts MLDB.AI

Montreal based MLDB.ai joins forces with Element AI to help create machine learning solutions and add to Element AI's impressive customer base and R&D capacity

MONTREAL, Feb. 16, 2017 /CNW Telbec/ - Element AI, an artificial intelligence startup engine, announced today that it has acquired the entire MLDB.ai team. The acquisition includes all personnel, complete product line and customer base. MlDB.ai's technology and deep expertise in creating machine learning solutions for some of the largest companies in the world are a great complement to Element AI's existing technical and human infrastructure.

MLDB.ai is an open-source database designed for machine learning. As part of the acquisition, MLDB.ai will continue to be developed as an open-source project; with the significantly expanded resources that Element AI has available. The Pro version of MLDB.ai will also be open-sourced as will some plugins associated with the pocessing of LiDAR datasets.

"When I first started talking to Element AI, I realized that they were already an unstoppable force in AI, and I knew we had to be part of their team" said Jeremy Barnes, founder and CEO of MLDB.ai. "They have solutions to all of the hard problems in building a sizeable and viable business in the AI space. The team couldn't be more excited to continue their mission with the resources and talent only Element AI can provide."

Founded by serial entrepreneurs Jean-François Gagné and Nicolas Chapados, along with Yoshua Bengio, a co-father of Deep Learning technology, Element AI launched earlier this year to help organizations implement an "AI-First" strategy, enabling any organization to develop their own artificial intelligence solutions.

"We know a good thing when we see it," remarked Element AI CEO Jean-François Gagné. "Element is affiliated with a world-renowned network of top scientists and the best academic labs and universities; so we are always on the lookout for an opportunity to bolster our in-house capabilities. MLDB.ai with their proven track record of success and innovation in the machine learning space is a natural fit for Element AI. We're going to do great things together for AI, our customers and the world."

About Element AI
Element AI is a Montreal-based platform that helps organizations embrace an AI-First strategy. Composed of a research lab uniquely connected to the world's best academic ecosystems, Element AI launches and incubates advanced Artificial Intelligence solutions in partnership with large corporations and research institutions. Co-founded by Jean-Francois Gagne, Yoshua Bengio, Nicolas Chapados, and Jean-Sébastien Cournoyer, Element AI is headquartered in Montreal, Quebec. http://www.elementai.com

 

SOURCE Element AI

For further information: Media Contact for Element AI in Canada: Caroline Bourbonniere, 514.261.4740, caroline@elementai.com

RELATED LINKS
http://www.elementai.com/

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890