The artificial intelligence technology developer is set to be acquired by investor Microsoft in a deal that will also allow Samsung, Siemens and ABB to exit.

Software provider Microsoft has agreed to acquire one of its portfolio companies, US-based machine learning technology developer Bonsai, for an undisclosed sum.

Bonsai has created a software platform that helps enterprise clients create smart industrial systems by automating the management of machine learning libraries and algorithms.

The company has raised $13.6m in series A funding, with the May 2017 second tranche being co-led by M12, the Microsoft subsidiary then known as Microsoft Ventures, and New Enterprise Associates, the venture…