We have seen a huge boom

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Samsung acquiring Innoetics follows other acquisitions it has made in the area of voice-based technology — namely, in October last year, Samsung bought the personal assistant startup Viv, which it used to help build Bixby.

Samsung has incubated and acquired other kinds of tech, too, such as its recent move to pick up VRB, a VR startup that it funded and incubated by Samsung’s emerging technology investment and development arm Samsung Next, which was also behind the acquisition of Viv and, now, Innoetics  Laser Sticker.

(Other recent acquisitions of natural-language startups have included Baidu buying Seattle’s Kitt.ai last week.)

Innoetics started as a spinout from the Athena Research and Innovation Center, a research institute in Athens that includes a department focused on speech and language processing. The Athena RIC announced the acquisition itself. We have also contacted Samsung for a comment Enterprise Data Backup.

Notably, Innoetics was completely bootstrapped since being founded in 2006 by Aimilios Chalamandaris, Pirros Tsiakoulis, Sotiris Karabetsos, and Spyros Raptis. The company had actually been in the process of getting rebooted and was seeking VC funding when it first started talking to Samsung. Initially, conversations started around a potential partnership before the two entered into acquisition talks.
in voice-powered technology, from personal assistants — not just Bixby, but Apple’s Siri, Microsoft’s Cortana and many more — to hardware like Google Home and Amazon’s Echo range, all of which are using innovations in machine learning and other AI tools, as well as advances in natural language processing, to become more and lifelike and useful reenex.






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