Twitter acquires London-based machine learning startup Magic Pony Technology; terms undisclosed

After investing in SoundCloud, Twitter has made another noteworthy move in European tech land, acquiring London-based machine learning startup Magic Pony Technology.

In a blog post, Twitter co-founder and CEO Jack Dorsey explains the deal:

"Our acquisition of Magic Pony builds on other investments we’ve made in machine learning, beginning with the acquisitions of Madbits in July 2014 and Whetlab in June 2015. Magic Pony’s team will be joining Twitter Cortex, a team of engineers, data scientists, and machine learning researchers dedicated to building a product in which people can easily find new experiences to share and participate in.

Magic Pony’s technology – based on research by the team to create algorithms that can understand the features of imagery – will be used to enhance our strength in live and video and opens up a whole lot of exciting creative possibilities for Twitter. The team includes 11 PhDs with expertise across computer vision, machine learning, high-performance computing, and computational neuroscience, who are alumni of some of the top labs in the world."

Terms of the acquisition were not disclosed.

Entrepreneur First, the pre-idea startup accelerator that helped Magic Pony come to life, in an emailed statement claims it's is the largest exit of any European accelerator ever to date.

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