Image Search Company Madbits Says It’s Joining Twitter
Moving to build out its image features, Twitter has purchased Madbits according to the visual intelligence company’s website.
“Today, after a tremendous year of development and iterations, we are excited to announce that we are joining Twitter,” wrote Madbits co-founders Clément Farabet and Louis-Alexandre Etezad-Heydari.
Madbits visual intelligence technology lends itself to image search capabilities. The company says its technology, “…automatically understands, organizes and extracts relevant information from raw media.”
From the announcement:
Understanding the content of an image, whether or not there are tags associated with that image, is a complex challenge. We developed our technology based on deep learning, an approach to statistical machine learning that involves stacking simple projects to form powerful hierarchical models of a signal.
Madbits did not disclose any financial details of the deal. The co-founders claimed they prototyped and tested ten different applications during the past year and were preparing to launch publicly.
(Some images used under license from Shutterstock.com.)
Kick off each Monday with the best news and ideas in social media.