January 21, 2015 | Microsoft will acquire the Israeli startup Equivio for approx. $150-200 million according to reports. Equivio develops a text analysis software that is able to analyze various texts from a collection of documents, like emails. The company’s algorithm is used by companies to provide support in analyzing documents, particular law firms and organizations like the US Department of Justice, the US Federal Trade Commission, Deloitte and KMPG. Microsoft already has plans to integrate Equivio’s software into its Office 365 package. Raising only $500,000 from private investors, Equivio was founded in 2004 by Amir Milo, Yiftach Ravid and Warwick Sharp.
Subscribe to NoCamels weekly newsletter and get our top stories
Related posts
Top Tel Aviv Hospital Using AI In Neurological Therapy
April 18, 2024
Facebook comments