Salesforce has signed a “definitive agreement” to buy startup company PredictionIO, which owns an open source machine learning server for developers and data scientists to build and deploy predictive applications.
“We couldn’t be more excited to join Salesforce,” writes Simon Chan, co-founder and CEO of PredictionIO, on his blog.
Just over six months ago, UK-based PredictionIO raised $2.5 million in seed funding from a number of investors, including Stanford University’s StartX Fund.
At the time, the company had approximately 4,000 customers for its services.
Salesforce, on the other hand, has more than 16,000 employees and millions of customers around the world. Its annual revenues are about $6 billion.
“At Salesforce, PredictionIO’s innovative machine learning platform will extend SalesforceIQ’s machine learning capabilities and enhance intelligence across the Salesforce clouds,” says Chan.
“Being a part of Salesforce will give us an amazing opportunity to continue building our open source machine learning platform on a much larger scale, with the world’s number one CRM (customer relations management) company.”