Scyfer, a spinout from University of Amsterdam that is working on machine learning technology, has been acquired by Qualcomm for an undisclosed sum.
Scyfer, a Netherlands-based artificial intelligence (AI) technology developer spun out from University of Amsterdam, was acquired yesterday by semiconductor manufacturer Qualcomm for an undisclosed amount.
Max Welling, professor at Amsterdam and co-founder of Scyfer, and staff will remain with the spinout and continue to be based in Amsterdam. Welling is set to offer his expertise into AI research and development to Qualcomm.
Founded in 2013, Scyfer develops customised AI software aimed at industries such as manufacturing, where it enables inspection…